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    FOR SALE
    Commercial real estate

    112 Old Durham Rd, Chapel Hill, NC 27517

    Individually Owned 7-yr Hold
    Property ID
    US53-4668677
    Property summary
    AI-generated overview

    This exceptional 0.72-acre commercial land parcel presents a remarkable development opportunity in the thriving Chapel Hill market. Located at 112 Old Durham Road, in Orange County, NC, 27517, this property boasts a highly desirable CC zoning designation, allowing for a variety of uses including retail, office, multifamily, or mixed-use developments. Its strategic location offers unparalleled visibility and accessibility, situated just off Durham-Chapel Hill Boulevard and less than a mile from I-40, providing convenient access to a large customer base. The site benefits from its proximity to major retailers such as Wegmans, Walmart, and Lowe's, ensuring high traffic volume and exposure. Walmart alone registered 1.6 million visits in the past year, highlighting the area's robust commercial activity. This vibrant location is experiencing significant growth, with ongoing development projects further enhancing its appeal and potential for future appreciation. The property's adjacency to one of the Triangle's busiest thoroughfares guarantees exceptional visibility and accessibility, making it an ideal investment for businesses seeking a prime location within a dynamic and expanding community. This is a rare opportunity to acquire a highly sought-after commercial land parcel in a rapidly growing area of North Carolina.

    Property profile
    Verified
    Property type Commercial real estate
    UPID US53-4668677
    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
    by Request
    Owner & transaction history
    Suyi Wu · 7 yrs held
    Suyi Wu
    since 2018
    1 recorded transaction
    2018
    $850,000
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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