Property profile

2205 Coley Rd Durham, NC 27703

OFF-MARKET
Land
Property ID
US53-1831169
2.85 ac lot
Saved · see the list in your Dashboard

Property summary

AI-generated overview

This exceptional 2.85-acre land package in Durham, NC, presents a compelling investment opportunity for residential development. Located just off Highway 98, between Durham and Wake Forest, the property comprises five contiguous lots zoned RR (Suburban), offering flexibility in residential planning. Importantly, the land is not situated within a flood zone or stream buffer, simplifying development processes. While subject to impervious surface limits under the F/J-B watershed protection overlay, this constraint encourages sustainable and environmentally conscious development strategies. The proximity to the planned Wildlife Trail Project, a conservation subdivision focused on preserving open space and natural resources, further enhances the appeal and potential value of this land. This eco-friendly development will create a desirable neighborhood for future homeowners. The property's convenient access to Highway 98 provides excellent connectivity. Note that the property is approximately half a mile from a licensed Land Clearing and Inert Debris recycling facility. While this facility is committed to sustainable practices and is unlikely to impact the residential lots, potential buyers are advised to independently verify any environmental or operational concerns with local authorities before proceeding. This presents a unique chance to capitalize on the area's growth and contribute to a thriving, environmentally responsible community. The asking price for this exceptional land package is $307,800.

Property profile

Verified
Property type Land
Lot 2.85 ac (124,146 SF)
UPID US53-1831169

Cap rate & NOI

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

Location

2205 Coley Rd Durham, NC 27703
Durham metro
Google Maps

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

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2205 Coley Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message