Property profile

5802 S Miami Blvd Durham, NC 27560

FOR SALE
Commercial land
Property ID
US53-0893829
1.85 ac lot
Entity Owned 13-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional mixed-use development opportunity encompasses two parcels totaling approximately 4.585 acres of fully entitled land situated on South Miami Boulevard (NC Hwy 54) in Durham County, near the I-540 interchange. The approved site plan allows for the construction of 33,000 square feet of retail and office space, strategically positioned to capitalize on the high traffic volume of approximately 22,500 vehicles daily. The property boasts three existing buildings: a 4,000 square foot retail building, a 9,500 square foot retail building, and a larger building featuring 10,500 square feet of retail space on the first floor and 9,000 square feet of office space on the second floor. The site is already rough-graded with utilities readily available, simplifying the development process. Its proximity to Research Triangle Park (RTP), a hub for over 264 research companies and 50,000+ employees, further enhances its investment potential. The area is experiencing significant growth, with new multifamily and residential developments recently completed and underway, creating a robust and expanding market. The property is zoned Commercial General. This presents a unique chance to invest in a thriving area with strong infrastructure and a high-demand location.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 1.85 ac (80,586 SF)
Zoning code CG (D)
APN 158006
UPID US53-0893829

Cap rate & NOI

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

Location

5802 S Miami Blvd Durham, NC 27560
Durham metro Census 2037 DURHAM-CHAPEL HILL, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$310k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$310k

Owner & transaction history

since 2012
2 recorded transactions
2012
$75,500
2005
$526,000

Zoning & alternative use

CG (D) · Morrisville, NC

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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More about this property
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