Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    721 Grovemont Rd Raleigh, NC 27603

    Sponsored
    For Sale
    $85,000

    LAND - Raleigh, NC

    Lot size:
    0.57 Acres
    Days on Market:
    78
    Last Refresh:
    Jan 5 at 3:06 pm

    Property Features for 721 Grovemont Rd

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Active
    Vegetation
    Heavily Wooded
    Zoning
    R2
    APN
    1701332289
    Lot size
    0.57 Acres

    Utilities

    Sewer type
    Septic Needed
    Water source
    Well Needed

    HOMETOWNE REALTY GROUP (919) 550-7355 [email protected]

    Listing agent Shawn M White (919) 604-4128

    Listing date Oct 20, 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

    Residential Land in Raleigh, NC

    This 0.57-acre residential land is located in Raleigh, North Carolina. The property, zoned R2, offers a convenient commute to both Raleigh and Garner. There are no HOA fees and no city taxes. The property is suitable for building a dream home. A survey and proposed building sites are available. City water runoff is present on a portion of the land. A soil report is available.
    Property Profile Insight Report 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 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
    -78.652035
    Latitude
    35.709361

    Nearby Similar for Sale

    • New
      $3,575,000
      16,625 SF

      Move-In Ready Multifamily Investment Opportunity

      Seven completed homes available in Raleigh, ready for immediate occupancy.
      5045 Lundy Dr, Raleigh, NC 27606
      View Details
    • $1,275,000
      4,080 SF

      New Duplexes in Raleigh

      Two new duplexes offering flexible investment opportunities in Raleigh.
      1508 Boyer St, Raleigh, NC 27610
      View Details
    • $1,275,000
      4,080 SF

      New Duplex Investment Opportunity

      New construction duplex with long and short term rental income.
      1510 Boyer St, Raleigh, NC 27610
      View Details
    • New
      $680,000
      3,446 SF

      Leased Townhomes in North Raleigh

      Two fully leased townhomes in a growing Raleigh location.
      4820 Gossamer Ln, Raleigh, NC 27616
      View Details
    • $343,000
      Pending

      North Raleigh Office Investment Opportunity

      1,200 Sq Ft office space ideal for medical or professional services.
      5640 Six Forks Rd, Raleigh, NC 27609
      View Details
    • $725,000
      Pending

      Renovated Duplex Near Downtown Raleigh

      Well-maintained duplex in prime location, ideal for investment or occupancy.
      215 Lafayette Rd, Raleigh, NC 27604
      View Details
    • $1,150,000
      3,740 SF

      Designer Duet Homes in Raleigh

      Modern duet-style homes with designer details and outdoor space near downtown.
      1105 Glascock St, Raleigh, NC 27610
      View Details
    • $1,050,000
      3,740 SF

      Designer Duet-Style Homes in Raleigh

      Modern duet-style homes with designer details and outdoor space.
      1000 Addison Pl, Raleigh, NC 27610
      View Details
    • $725,000
      Pending

      Renovated Duplex Near Downtown Raleigh

      Well-maintained duplex near downtown Raleigh, ideal for investment or occupancy.
      215 Lafayette Rd, Raleigh, NC 27604
      View Details
    • $285,000
      1,016 SF

      Professional Office Condo Near Midtown

      Professional office condo ideal for service businesses near Midtown.
      4002 Barrett Dr, Raleigh, NC 27609
      View Details
    • $1,200,000
      3,905 SF

      Updated Quadplex Portfolio in Raleigh

      Investor-ready quadplex with updated units in a growing corridor.
      1612 Boyer St, Raleigh, NC 27610
      View Details
    • $1,295,000
      2,610 SF

      Raleigh Multi-Family Student Rental

      Cash-flowing NCSU student rental with leases until July 2027.
      206 Ashe Ave, Raleigh, NC 27605
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 0.57 acre lot with easy commute to Raleigh and Garner.
    Where is this residential land & home lot located?
    The property is located at 721 Grovemont Rd Raleigh, NC.
    What is the asking price?
    The asking price for this property is $85,000.
    What are key features of this property?
    This property features: - Large .57 acre lot offers ample space for building.; - Excellent location with easy commute to Raleigh and Garner.; - No HOA fees.
    (919) 604-4128
    Request Owner's contact information
    721 Grovemont Rd Raleigh, NC 27603
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    721 Grovemont Rd
    Raleigh, NC 27603
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    721 Grovemont Rd Raleigh, NC 27603
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.