Property profile

111 Cardinal Dr Hillsborough, NC 27278

FOR LEASE
Commercial real estate
Property ID
US53-2425451
1.4 ac lot
Entity Owned 1-yr Hold Absentee Owner Free & Clear
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This ±1.4-acre parcel presents a prime ground lease opportunity in Hillsborough, North Carolina. Ideally situated off I-85 near the intersection of Old NC-86, this property boasts exceptional visibility and accessibility. The HIC (High Intensity Commercial) zoning allows for a wide range of commercial development options, including retail, food service, or other commercial establishments. Its strategic location provides convenient access to major transportation arteries like I-40, placing it within easy reach of a substantial consumer base. The surrounding area features a mix of established businesses, including hotels (such as the Holiday Inn Express), diverse dining and retail options, and significant residential development in the form of numerous subdivisions and apartment complexes. The property's APN is 9863886897. This location offers unparalleled potential for high traffic and strong returns on investment. The address is 111 Cardinal Dr, Hillsborough, NC 27278. This is a single-tenancy land opportunity.

Property profile

Verified
Property type Commercial real estate
Use group COMMERCIAL (GENERAL)
Lot 1.4 ac (60,984 SF)
Zoning code HI
APN 9863-88-6897
UPID US53-2425451

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

111 Cardinal Dr Hillsborough, NC 27278
Hillsborough metro Census 11106 DURHAM-CHAPEL HILL, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$390k

Owner & transaction history

since 2024
Last sale
$875,000
2 recorded transactions
2024
$875,000
2010
Price N/A

Zoning & alternative use

HI · Hillsborough, NC

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message