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    Property profile & analytics
    FOR LEASE
    Commercial real estate

    111 Cardinal Dr, Hillsborough, NC 27278

    1.4 ac lot
    Entity Owned 1-yr Hold Absentee Owner Free & Clear
    Property ID
    US53-2425451
    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
    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
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $875k
    Owner & transaction history
    M M Fowler INC · 1 yrs held
    M M Fowler INC
    since 2024
    Last sale
    $875,000
    2 recorded transactions
    2024
    $875,000
    2010
    Zoning & alternative use
    HI · Hillsborough, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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