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    3206 Old Buffaloe Rd Raleigh, NC 27604

    For Sale
    $998,000

    LAND - Raleigh, NC

    Lot size:
    1.60 Acres
    Days on Market:
    126
    Last Refresh:
    Dec 8 at 3:06 am

    Property Features for 3206 Old Buffaloe Rd

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    CX-3
    Lot size
    1.60 Acres

    Building Details

    Floors in Building
    1

    BEST INVESTMENT REALTY LLC (919) 931-7475 [email protected]

    Listing agent Jaffar Safe Al Haddad (919) 561-9111

    Listing date Aug 5, 2025

    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

    Prime Commercial Land Opportunity

    This 1.6-acre commercial property presents a rare opportunity for builders, investors, and developers. Located off Capital Blvd, the site benefits from its highly coveted location. Currently, a 1028 square foot house, leased month to month, occupies the land. The city of Raleigh has adopted The Capital North Corridor Plan, with comprehensive plan amendments calling for major investments on Capital Boulevard between I-440 and I-540. This property falls within the area of influence, promising a positive impact. The existing CX-3 zoning allows for various development options, including up to 81 units, 62,000 square feet of office space, or 26,000 square feet of retail space. The possibilities are endless for this commercial property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store 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
    -78.583435
    Latitude
    35.828859

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    FAQs

    What type of property is this?
    Commercial land - 1.6 acre commercial property near Capital Blvd in Raleigh, NC.
    Where is this commercial land located?
    The property is located at 3206 Old Buffaloe Rd Raleigh, NC.
    What is the asking price?
    The asking price for this property is $998,000.
    What are key features of this property?
    This property features: - 1.60 acre commercial property; - High-traffic location off Capital Blvd; - Zoning allows for high-density development (up to 81 units)
    (919) 561-9111
    Request Owner's contact information
    3206 Old Buffaloe Rd Raleigh, NC 27604
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    Raleigh, NC 27604
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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
    3206 Old Buffaloe Rd Raleigh, NC 27604
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