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Raleigh Land Opportunity
For Sale
$275,000
Pending

7404 Lake Wheeler Road, Raleigh, NC 27603

LAND - Raleigh, NC

Lot Size1.30 Acres
Days on Market71

Property Features for 7404 Lake Wheeler Road

General Information

Property type Land
Property subtype Other
Zoning R-40W
Vegetation Cleared
Subdivision Not in a Subdivision
Lot features Cleared, Level, Private
Elementary school Wake - Yates Mill Elementary
Middle school Wake - Dillard Drive Middle
High school Wake - Middle Creek High
Special listing conditions Real Estate Owned
Standard status Pending
APN 078004828707000 0017926
Lot size 1.30 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description Lo4 & 5 Div Pt R A Stephsen Bm1983-00328
Tax Annual Amount 1429
Legal Description Lo4 & 5 Div Pt R A Stephsen Bm1983-00328

Utilities

Sewer type Septic Tank
Water source Well, Private
Listing Agency: Raleigh Realty Inc.
Listed By: Thania Castro Fierro
Added: May 22 Changed: Jul 30 Last Checked: Jul 31 at 4:06AM
MLS# 10169364

Copyright © 2026 Doorify MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Investment Insights

Based on property information with market context.

This property presents a rare opportunity to own approximately 1.30 acres of mostly cleared land in Raleigh. Situated just off Lake Wheeler Rd, the property offers a canvas for building a home, with privacy and convenience. The location provides easy access to Apex, Cary, and Raleigh. The property is surrounded by mature privacy trees. A septic system is already in place. The site is located minutes from Lake Wheeler and near an upcoming Costco, Starbucks, and Chick-fil-A development.

Key Highlights

  • Large 1.30 acre lot in a desirable Raleigh location.
  • No HOA or subdivision restrictions.
  • Convenient access to Apex, Cary, and Raleigh.

Property Analytics

Current Use

Residential land & home ...

Suggested Use

Top Pick Parking Lot & Garage HVAC Service Electrical Service Pharmacy Big Box & Wholesale Store Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

188
Businesses Nearby

Demographics for 27603, NC

54,616
Population
24,030
Households
2.3
Avg Household Size
34
Median Age
48%
College-Educated
94%
High-School Grad
51.4 sq mi
ZIP Area
1,063
Density / Sq Mi
$87,939
Median Household Income
$51,856
Median Earnings
$1,496
Median Rent
$347,000
Median Home Value

Market

Properties on Market for Land in Raleigh

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Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

Frequently Asked Questions

What type of property is this?
Land - 1.3 acres in a sought-after Raleigh location.
Where is this land located?
The property is located at 7404 Lake Wheeler Road Raleigh, NC.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Large 1.30 acre lot in a desirable Raleigh location.; No HOA or subdivision restrictions.; Convenient access to Apex, Cary, and Raleigh.
More about this property
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