8095 Old NC 86
About This Property
Tucked away at the end of a private drive, off Old Highway NC 86, this property offers a peaceful, secluded setting that is surrounded by beautiful, mature hardwoods and pines.
This vacant lot is in a terrific location, too: across the road from Lake Hogan Farms and close to the access points for miles of wooded trails. Just minutes from downtown Chapel Hill in one direction and I-40 in the other, the property at 8095 Old NC 86 provides an ideal combination of privacy and convenience.
The current owners purchased the land in 2023 with plans to build. As a result, they have done a lot of the heavy lifting in terms of the research needed for the next owner who wishes to build a home here. For example, there is a Preliminary Soil and Site Evaluation, completed by Wood Soil Consultants (WSC), which deemed the property provisionally suitable for a conventional 4-bedroom single-family residence.
Additionally, the Orange County Improvement Permit is in place already, with an expiration date of May 7, 2029 - meaning that the next owner of this property will have plenty of time to design their perfect home. All of the documents mentioned here are available in the Documents section of the MLS listing. Please contact either of the co-listing agents (Shannon Kennedy or Tom Heffner) for more details.
In answer to the question of why the current owners are selling: after they purchased this pretty property and began their construction plans, they stumbled across a new construction home that checked all their boxes and decided not to build.
The owners of this lovely lot considered holding onto it for years to come - but ultimately, they decided to make it available to another lucky buyer. This is the property you have been hoping to find for your new construction project. Bring your architect and your builder and come take a peek!
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Cap Rate Calculator
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.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Nov 13, 2025 | Sold | ||
| Sold | |||
| Sep 15, 2025 | In contract | - | |
| In contract | |||
| May 30, 2025 | Listed by Hodge&KittrellSothebysIntlRlty | $325,000 | |
| Listed by Hodge&KittrellSothebysIntlRlty | |||
| Jun 20, 2023 | Sold | ||
| Sold | |||
| May 23, 2023 | Listed by Urban Durham Realty | $349,900 | |
| Listed by Urban Durham Realty | |||
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RARE opportunity to own a 2.5 acre lot in the Chapel Hill/Carrboro school district with low county taxes! Centrally located within minutes to downtown Chapel Hill and I-40 at the end of a private drive off Old 86. This estate lot has a secluded, private feel with mature hardwoods, pines, and miles of trails in the woods beside the land, or cross Old 86 into Lake Hogan Farms. Preliminary soil and site evaluation was performed by WSC, Wood Soil Consultants. A reconnaissance soil & site evaluation determined that the land was provisionally suitable for a conventional type of septic system. Buyers can hire WSC to determine where they would like to site their new home. No HOA restrictions - bring your own builder!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017