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    4505 Mitchell Mill Rd Wake Forest, NC 27587

    Pending
    For Sale
    $325,000

    LAND - Wake Forest, NC

    Lot size:
    37.02 Acres
    Days on Market:
    50
    Last Refresh:
    Dec 11 at 6:06 am

    Property Features for 4505 Mitchell Mill Rd

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Pending
    Vegetation
    Wooded
    Lot size
    37.02 Acres

    Utilities

    Sewer type
    Public Sewer

    Coldwell Banker Howard Perry and Walston (919) 789-5200 [email protected]

    Listing agent Floyd Barco (919) 451-3461

    Listing date Oct 23, 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

    Watkins Pond Scenic Retreat

    Located in Wake Forest, this 37.02-acre property known as Watkins Pond offers a unique opportunity to create a private retreat. The listing includes three parcels: 4501 Mitchell Mill Road (1.86 acres), 4505 Mitchell Mill Road (25 acres), and 0 Stells Road (10.16 acres), being sold together. This wooded and open space provides recreational opportunities, calmness, and natural beauty. Situated in a central Mitchell Mill Road location, the property offers solitude with the convenience of nearby amenities in Rolesville, Wake Forest, and Raleigh. The property can serve as a private park for relaxation and stress reduction, offering a tranquil environment with diverse wildlife, including bald eagles and great blue herons. Opportunities for boating, fishing, and camping are available. The low taxes for the 37 acres total $1727.10.
    Property Profile Location Intelligence

    Current Use by Public Records

    Recreation land

    Suggested Use

    Realty agency Dental Office Wholesale Shop Auto Repair Shop Department Store Kitchen & Bath HVAC Service Discount Store Electrical Service Convenience Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Wake Forest
    County
    Wake
    State
    North Carolina
    Longitude
    -78.491396
    Latitude
    35.881799

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    FAQs

    What type of property is this?
    Land - 37 acres of scenic property with recreational opportunities near Raleigh.
    Where is this land located?
    The property is located at 4505 Mitchell Mill Rd Wake Forest, NC.
    What is the asking price?
    The asking price for this property is $325,000.
    What are key features of this property?
    This property features: - 37.02 acres of scenic property including a historic Watkins Pond.; - Includes 3 separate properties being sold together.; - Private, wooded, and open space suitable for recreation.
    (919) 451-3461
    Request Owner's contact information
    4505 Mitchell Mill Rd Wake Forest, NC 27587
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    Wake Forest, NC 27587
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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
    4505 Mitchell Mill Rd Wake Forest, NC 27587
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