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Financial
Distress signals
Property profile

111 Cardinal Dr Hillsborough, NC 27278

FOR LEASE
Commercial real estate
Property ID
US53-2425451
1.4 ac lot
Last sale Oct 2024 · $875,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 1-yr Hold Held for 1 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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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…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$8k
Tax billed · 2023
Assessed value$558k
Assessed land$558k
Effective rate1.42%

Value estimate

· Oct 2026
$390k
$351k – $429k

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$376/SF
ZIP average, outlier-cleaned · 29 recorded sales of this use type
Observed band · Q1–Q3$176 – $574

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
HI
JurisdictionORANGE

Location intelligence

Which uses thrive at this corner?
Best fit: Building Supply
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Building Supply12.2
Auto Repair Shop11.8
Parking Facility11.2

Location

111 Cardinal Dr Hillsborough, NC 27278
County assessor Recorded deeds · 2 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
212 Rencher, Hillsborough, NC 27278-9183 $97,000 Jan 2026 2,700 SF
633 Cornelius, Hillsborough, NC 27278-8623 $550,000 Dec 2025 2,052 SF
584 Cornelius, Hillsborough, NC 27278-9690 $362,500 Jun 2025 1,815 SF
601 Hampton Pt, Hillsborough, NC 27278-9068 $12,795,000 Mar 2025 6,320 SF
525 Hampton, Hillsborough, NC 27278-9025 $12,795,000 Mar 2025 6,320 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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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
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