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    2802 Milburnie Rd Raleigh, NC 27610

    For Sale
    $1,050,000

    LAND - Raleigh, NC

    Lot size:
    1.64 Acres
    Days on Market:
    10
    Last Refresh:
    Dec 13 at 4:06 pm

    Property Features for 2802 Milburnie Rd

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Vegetation
    Partially Wooded
    Zoning
    OX-5
    APN
    1724112444
    Lot size
    1.64 Acres

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer
    Water source
    Public

    SIZEMORE REALTY GROUP, LLC (919) 744-1637 [email protected]

    Listing agent Beth Martin (919) 395-5193

    Listing date Dec 4, 2025

    MLS# 10125425 Listing URL

    Copyright © 2025 Doorify MLS of North Carolina. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Raleigh Land Development Opportunity

    This 1.64-acre property in Raleigh, North Carolina, presents an excellent development opportunity with seller financing available. Zoned OX-5 (Mixed Use), the site has an unapproved preliminary site plan for an apartment building or up to 10 townhomes. The property includes a natural area suitable for a community garden, pocket park, walking trail, or other landscaped amenity. The site has been recently recombined and features a right-of-way agreement for access from New Bern Avenue, as well as frontage on Milburnie Road. The New Bern Avenue BRT (Bus Rapid Transit) corridor is slated to begin construction in Fall 2025. The location is minutes from WakeMed Raleigh, I-440, Downtown Raleigh, and Crabtree Creek Trail. This property is positioned within an emerging, transit-oriented health and education district. Maps and proposed site plans are available for review.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.591247
    Latitude
    35.786538

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    FAQs

    What type of property is this?
    Commercial land - 1.64 acres in prime location, seller financing available.
    Where is this commercial land located?
    The property is located at 2802 Milburnie Rd Raleigh, NC.
    What is the asking price?
    The asking price for this property is $1,050,000.
    What are key features of this property?
    This property features: - Prime Raleigh location zoned OX-5 (Mixed Use) offering excellent development opportunity.; - Seller financing available.; - Unapproved preliminary site plan for apartment building or up to 10 townhomes.
    (919) 395-5193
    Request Owner's contact information
    2802 Milburnie Rd Raleigh, NC 27610
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    Raleigh, NC 27610
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2802 Milburnie Rd Raleigh, NC 27610
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