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491 Baptist Rd
Durham, NC 27704
Asking Price
$2.30M
Asset Type
Commercial Land
Class
Class B
What's Special
15 Acres | Easy access to highway 98 | Rapidly growing area <ul><li>±15-acre assemblage consisting of 501 and 419 Baptist Road</li><li>Approximately 14 acres of vacant land plus 1-acre homesite</li><li>Sale price does not attribute value to existing residence</li><li>Zoned for residential and agricultural use</li><li>Located within 0.5 miles of HWY 98</li><li>Strong regional connectivity: ~18 minutes to RDU, ~17 minutes to RTP</li><li>Positioned in a high-growth corridor with nearby custom home construction and luxury event venues</li><li>Flexibl
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NOI
$80,000
Cap Rate
3.48%
DSCR
0.59
Underwater
Cash-on-Cash
-8.20%
Monthly Payment
$11,379.145
Annual Cash Flow
$-56,549.741
