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    408 Johnston Rd Raleigh, NC 27603

    Under Contract
    For Sale
    $2,400,000

    LAND - Raleigh, NC

    Lot size:
    10.00 Acres
    Days on Market:
    19
    Last Refresh:
    Dec 6 at 2:06 pm

    Property Features for 408 Johnston Rd

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active Under Contract
    Zoning
    HD
    APN
    161703308275000 0206701
    Lot size
    10.00 Acres

    Utilities

    Utilities
    Water Available
    Sewer type
    Septic Tank
    Water source
    Public
    Water front
    1

    EXP Realty LLC - C (888) 584-9431

    Listing agent Tammy Register (919) 275-5597 License #210961

    Listing date Nov 18, 2025

    MLS# 100501768 Listing URL

    Copyright © 2025 Hive MLS / Topsail Island Association of Realtors. 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: Prime Location

    This 10+/- acre parcel in Wake County presents an exceptional opportunity for creating a luxury estate or pursuing various development possibilities. Located on 408 Johnston Road, Raleigh, NC 27603, the land features a serene man-made pond and is surrounded by luxury neighborhoods. The property is zoned HD, making it suitable for low-density residential, commercial, or special use permits. The site boasts good soils and multiple perc sites. Situated less than 1/10 mile from 50/42 and less than 3 miles from I-40, the location provides quick access to the new 540 Triangle Expressway. A mature wooded buffer offers privacy from Hwy 42, while remaining minutes away from a new Publix, top Wake County Public Schools, and only 15 minutes to downtown Raleigh. The old farmhouse on the property, previously a hunting/fishing lodge, offers potential for a quick rehab while new construction takes place. This land is ideal for homeowners seeking seclusion with city convenience, developers looking for residential or AirBnB potential, or commercial use in a rapidly growing area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.61698
    Latitude
    35.591025

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    FAQs

    What type of property is this?
    Land - 10-acre parcel suitable for residential, commercial, or special use.
    Where is this land located?
    The property is located at 408 Johnston Rd Raleigh, NC.
    What is the asking price?
    The asking price for this property is $2,400,000.
    What are key features of this property?
    This property features: - 10+/- acre parcel in Wake County, the fastest-growing county in NC.; - Zoned HD, suitable for low-density residential, commercial, or special use permits.; - Located less than 3 miles from I-40 and near the new 540 Triangle Expressway, providing quick access to Raleigh.
    (919) 275-5597
    Request Owner's contact information
    408 Johnston Rd Raleigh, NC 27603
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    Raleigh, NC 27603
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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
    408 Johnston Rd Raleigh, NC 27603
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