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    611 Powell Dr Raleigh, NC 27606

    For Sale
    $5,750,000

    LAND - Raleigh, NC

    Lot size:
    5.85 Acres
    Days on Market:
    79
    Last Refresh:
    Dec 13 at 5:06 pm

    Property Features for 611 Powell Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Vegetation
    Partially Wooded
    Zoning
    R4
    APN
    0784507134
    Lot size
    5.85 Acres

    Utilities

    Utilities
    Water Available
    Sewer type
    Public Sewer
    Water source
    Public

    Go Realty (919) 656-9965 [email protected]

    Listing agent Kathryn Michelle MacKinnon (919) 770-8749

    Listing date Sep 26, 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

    Large Parcel in Downtown Raleigh

    This property represents one of the last large parcels available in downtown Raleigh, North Carolina. Encompassing approximately 5.85 acres, this land offers the opportunity for a private, secluded home or development into multiple homesites. The property is zoned R4; refer to the Raleigh Unified Development Ordinance (UDO) for minimum lot requirements. According to the Raleigh UDO, the lot measures approximately 985 feet by 252 feet. Its location provides convenient access to Cary, Apex, Garner, Durham, Morrisville, NC State, bus lines, shopping, restaurants, and entertainment options. New single-family homes in the area are selling for around $950,000. Note that the existing homes have no value, and both parcels at 611 and 613 Powell Drive will be sold together. Cameras are on-site, and appointments are required to walk the property.
    Property Profile Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    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
    -78.710861
    Latitude
    35.783291

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    FAQs

    What type of property is this?
    Land - Almost 6 acres of land inside the I-40 beltline.
    Where is this land located?
    The property is located at 611 Powell Dr Raleigh, NC.
    What is the asking price?
    The asking price for this property is $5,750,000.
    What are key features of this property?
    This property features: - Large 5.85-acre parcel inside the I-40 beltline in downtown Raleigh.; - Opportunity to build a private home or develop multiple homesites.; - Zoned R4, offering development potential (see Raleigh UDO for requirements).
    (919) 770-8749
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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
    611 Powell Dr Raleigh, NC 27606
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