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    Property profile & analytics
    OFF-MARKET Estimated value $675,000
    Warehouses

    1202 Wrenn Rd, Durham, NC 27703-5513

    1,884 SF 8.16 ac lot Built 1900
    Entity Owned 2-yr Hold Absentee Owner Free & Clear
    Property ID
    US53-2478540
    Property summary
    AI-generated overview

    This exceptional 7-acre industrial land parcel in Durham County, NC, presents a unique investment opportunity. Designated by APN 0749398409 and zoned IL, this single-tenant property is perfectly suited for various industrial uses. Its versatility makes it ideal for outdoor storage, off-site parking, or a laydown yard. The expansive lot size offers ample space for large-scale operations. Strategically located near major transportation arteries, including US-70, I-85, and I-40, as well as the proximity to I-885, ensures seamless logistics and accessibility. Businesses will benefit from the convenient access to Research Triangle Park, RDU Airport, and Downtown Durham, fostering strong connections to a thriving regional economy. This property offers significant potential for businesses seeking a well-positioned and spacious industrial site in a rapidly growing area. The zoning designation allows for a wide range of industrial applications, making it an attractive option for various enterprises. The property's size and location combine to create a compelling opportunity for long-term growth and profitability. This is a rare chance to acquire a substantial industrial land parcel in a highly desirable location.

    Property profile
    Verified
    Property type Warehouses
    Use group STORAGE YARD (JUNK, SALVAGE)
    Year built 1900
    Total area 1,884 SF
    Lot 8.16 ac (355,450 SF)
    Zoning code IL
    APN 163403
    UPID US53-2478540
    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
    $675k
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $675k
    Owner & transaction history
    Opals INC · 2 yrs held
    Opals INC
    since 2024
    Last sale
    $675,000
    1 recorded transaction
    2024
    $675,000
    Zoning & alternative use
    IL · Durham, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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