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    OFF-MARKET
    Industrial land

    1011 Andrews Rd, Durham, NC 27705

    3.73 ac lot
    Entity Owned 8-yr Hold Absentee Owner Free & Clear
    Property ID
    US53-1380924
    Property summary
    AI-generated overview

    This exceptional 3.81-acre residential land parcel, located at 1011 Andrews Rd, Durham, NC 27705, presents a prime development opportunity. Situated approximately one mile from Duke University, Duke Hospital, and the Duke VA Hospital, this property benefits from the robust growth and high demand for housing in Durham. The OI(D) and RS-10 zoning permits a variety of residential development options, ideally suited to address the current shortage of quality housing in this area. The location offers convenient access to Durham's vibrant dining, shopping, and economic attractions, making it an attractive location for potential residents. The property's APN is 124749 and 195461. This presents a unique chance to capitalize on the thriving Durham market, with potential for a sale or joint venture partnership. The site's proximity to major employers and amenities ensures strong rental demand and potential for high occupancy rates. This is an exceptional opportunity for developers seeking to contribute to the ongoing growth of Durham's residential landscape. The property's size and location make it an ideal candidate for a townhome community, catering to the significant housing needs of the area. Serious inquiries are encouraged.

    Property profile
    Verified
    Property type Industrial land
    Use group INDUSTRIAL - VACANT LAND
    Lot 3.73 ac (162,479 SF)
    Zoning code OI(D)
    APN 124749
    UPID US53-1380924
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    1011 Andrews Roas Partners LLC · 8 yrs held
    1011 Andrews Roas Partners LLC
    since 2017
    1 recorded transaction
    2017
    Zoning & alternative use
    OI(D) · Durham, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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