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    Property profile & analytics
    FOR SALE
    Commercial land

    5802 S Miami Blvd, Durham, NC 27560

    1.85 ac lot
    Entity Owned 13-yr Hold Free & Clear
    Property ID
    US53-0893829
    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
    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
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    Blend (final) Blend
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    Owner & transaction history
    North Carolina Railroad Co · 13 yrs held
    North Carolina Railroad Co
    since 2012
    2 recorded transactions
    2012
    $75,500
    2005
    $526,000
    Zoning & alternative use
    CG (D) · Morrisville, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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