Property profile

1816 S Briggs Ave Durham, NC 27703

FOR SALE
Industrial land
Property ID
US53-2992521
2.85 ac lot
Entity Owned 6-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional 2.85-acre commercial and industrial land parcel presents a unique opportunity for development in Durham, North Carolina. Located at 1816 S Briggs Ave, this property boasts convenient access to major transportation arteries, including NC 147, I-885, and US 70, placing it within minutes of I-85, I-40, and Downtown Durham. The site offers excellent visibility and frontage on Briggs Avenue. The property is zoned Industrial Light (IL), making it suitable for a variety of industrial uses, including light manufacturing, warehousing, and outdoor storage. With water and sewer readily available, this site is ready for immediate development. The parcel number is 0749398409. Its proximity to Raleigh-Durham International Airport (RDU) – a 17-minute drive – further enhances its appeal. This is a rare opportunity to acquire a strategically located industrial development site in a thriving area of Durham. The asking price is available upon request. Serious inquiries only.

Property profile

Verified
Property type Industrial land
Use group INDUSTRIAL - VACANT LAND
Lot 2.85 ac (124,146 SF)
Zoning code IL
APN 208942
UPID US53-2992521

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Trucking Company Moving Company
  • Moving Company

Location

1816 S Briggs Ave Durham, NC 27703
Durham metro Census 2009 DURHAM-CHAPEL HILL, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$280k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$280k

Owner & transaction history

since 2019
1 recorded transaction
2019
$184,000

Zoning & alternative use

IL · Durham, NC
Zoning description

The IL District is established to provide for a wide range of light manufacturing, warehousing, and wholesaling activities as well asofficesand some support services, all subject to minimum design standards intended to e…

General category INDUSTRIAL

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
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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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