$1,000,000
●
Land -
Off Market
1401 Virgil Road
Durham, NC 27703
Studio
0 Bath
$5,893
Est. Monthly
About This Property
Incredible opportunity sitting on 45 acres in desirable Durham, NC!
Perfectly located and ready for future development w/ new
construction home prices averaging 599k+ in this booming area.
Minutes away from Downtown Durham, Raleigh, RDU, RTP, & easy access
to 885 & 40.Aerial videos available.
Unit Size
-
Days on Market
-
Land Size
45.86 acres
Price per sqft
-
Property Type
Land
Property Taxes
-
HOA Dues
-
Year Built
-
Payment Calculator
Home Price
Down Payment
%
Loan Term
Interest %
Your Estimated Monthly Payment
Principal + Interest:
Property Tax:
HOA:
Home Insurance:
Mortgage Insurance:
Cap Rate Calculator
Purchase Price
Monthly Property Taxes
Monthly Rental Income
Maintenance & HOA
Income Per Year
Expenses Per Year
Operating Profit Per Year
Cap Rate
100% Occupancy
N/A (extreme outlier) What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Last updated: 2 years ago (TMLS #2530853)
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Feb 4, 2025 | Sold | ||
| Sold | |||
| Dec 8, 2023 | No longer available | - | |
| No longer available | |||
| Dec 3, 2023 | Listed by Keller Williams Realty United | $1,350,000 | |
| Listed by Keller Williams Realty United | |||
| | |||
|
Incredible opportunity sitting on 45 acres in desirable Durham, NC! Perfectly located and ready for future development w/ new construction home prices averaging 599k+ in this booming area. Minutes away from Downtown Durham, Raleigh, RDU, RTP, & easy access to 885 & 40.Aerial videos available.
| |||
| Sep 7, 2023 | Listed | $1,200,000 | |
| Listed | |||
| | |||
|
Incredible opportunity sitting on 45 acres in desirable Durham, NC! Perfectly located and ready for future development w/ new construction home prices averaging 599k+ in this booming area. Minutes away from Downtown Durham, Raleigh, RDU, RTP, & easy access to 885 & 40.Aerial videos available.
| |||
| Apr 2, 2023 | No longer available | - | |
| No longer available | |||
Show More
Property Highlights
Comparables
Unit
Status
Status
Type
Beds
Baths
ft²
Price/ft²
Price/ft²
Asking Price
Listed On
Listed On
Closing Price
Sold On
Sold On
HOA + Taxes
About Durham
Similar Homes for Sale
Currently no similar homes aroundNearby Rentals
Listed by: Robert Hunt, Keller Williams Realty United
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2530853
Last Updated: 2 years ago
Data Source: TMLS, MLS# 2530853
Some IDX listings have been excluded from this IDX display. Brokers make an effort to deliver accurate information, but buyers should independently verify any information on which they will rely in a transaction. The listing broker shall not be responsible for any typographical errors, misinformation, or misprints, and they shall be held totally harmless from any damages arising from reliance upon this data. This data is provided exclusively for consumers’ personal, non-commercial use. Listings marked with an icon are provided courtesy of the Triangle MLS, Inc. of North Carolina, Internet Data Exchange Database. Closed (sold) listings may have been listed and/or sold by a real estate firm other than the firm(s) featured on this website. Closed data is not available until the sale of the property is recorded in the MLS. Home sale data is not an appraisal, CMA, competitive or comparative market analysis, or home valuation of any property. Copyright 2026 Triangle MLS, Inc. of North Carolina. All rights reserved.
Your Privacy Choices
Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017