Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Fuquay Varina Land Opportunity Title is generated by Realmo AI

    9260 Lake Wheeler Road, Fuquay Varina, NC 27526

    View on Map
    Claim this Listing
    For Sale
    $289,000

    LAND - Fuquay Varina, NC

    Lot size:
    8.91 Acres
    Added:
    Mar 2, 2026
    Days on Market:
    77
    Last Refresh:
    May 18 at 11:06 am

    Property Features for 9260 Lake Wheeler Road

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    RA
    Vegetation
    Partially Wooded, Cleared
    Fencing
    Fenced
    Standard status
    Active
    APN
    0405755
    Lot size
    8.91 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Lo2r Cotton Prop Bm2025-00387
    Tax Annual Amount
    3457

    Utilities

    Utilities
    Cable Available
    Water source
    Public

    We can help!

    Listing Contact
    Ian Kipp

    Listing agent Ian Kipp License #268085

    Listing office Berkshire Hathaway HomeService 921 Morreene Rd., Raleigh, NC

    Listing date Mar 2, 2026

    MLS# 10149563 Listing URL

    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.

    HighLights

    • +/- 8.914 Acres in fast‑growing Fuquay‑Varina.
    • Zoned Residential Agriculture (RA) allowing for limited residential and non‑residential uses.
    • +/- 4.5 Acres usable for Farmer's Market, Food Truck(s), private recreation, kennels & stables.
    • Located +/- 11 miles (20 minutes) to Downtown Raleigh.
    • Utilities available: Cable.
    • Fenced property.

    Overview

    This property features approximately 8.914 acres of land in Fuquay-Varina, North Carolina. Zoned Residential Agriculture (RA), the irregular-shaped property was formerly a cow pasture. Gas and electric easements are present. Approximately 4.5 acres of the land are usable for limited residential and non-residential uses, including a Farmer's Market, Food Truck(s), and private recreation facility, as well as a range of agricultural uses such as kennels and stables. The balance of the property is within a 50-foot riparian buffer off of the Cabin Creek Stream, which forms the property's western boundary, or under overhead power lines. Located approximately 11 miles, or 20 minutes, from Downtown Raleigh, the former pasture offers potential in a rapidly growing area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Agricultural land / Farmland

    Suggested Use

    Restaurant Real Estate Agency Building Supply Big Box & Wholesale Store Auto Repair Shop Gym & Fitness Center Kitchen & Bath Showroom Accounting Firm Storage Facility HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Fuquay Varina
    County
    Wake
    State
    North Carolina
    Longitude
    -78.724163
    Latitude
    35.646653

    Nearby Similar for Sale

    • $4,500,000
      11,879 SF

      Turnkey Sports Bar & Entertainment Hub

      Fully equipped venue in a booming market, ready for service.
      1420 E Broad Street, Fuquay Varina, NC 27526
      View Details
    • $1,920,000

      Prime Commercial Land Opportunity

      6.7-acre commercial land with high potential in Fuquay-Varina, NC.
      219 Dickens Road, Fuquay Varina, NC 27526
      View Details
    • $999,900
      3,333 SF

      Versatile Downtown Property For Sale

      Highly visible property with showroom and flexible space in growing community.
      202 N Main Street, Fuquay Varina, NC 27526
      View Details
    • $495,000

      Rawls Church Road Land Opportunity

      Undeveloped land suitable for estate, family compound, or subdivision.
      Rawls Church Road, Fuquay Varina, NC 27526
      View Details
    • $950,000

      Prime Commercial Corner Lot Opportunity

      Corner lot ideal for retail, office, medical, restaurant development.
      629 W Academy Street, Fuquay Varina NC 27526, Fuquay Varina, NC 27526
      View Details
    • $50,000

      Residential Lot in Quiet Community

      0.36-acre lot with community amenities near Fuquay-Varina and Lillington.
      77 Bay Street, Fuquay Varina, NC 27526
      View Details
    • $689,990

      Ten Acre Land Parcel

      Ten-acre parcel for homesite or multiple lots in Fuquay Varina.
      River Road, Fuquay Varina, NC 27526
      View Details
    • $3,900,000

      Large Tract in Developing Area

      53.5+/- acres in rapidly developing area near Fuquay-Varina, NC.
      579 Hilliard Road, Fuquay Varina, NC 27526
      View Details
    • $1,700,000

      Prime Commercial Land Opportunity

      Two side-by-side parcels in the heart of Fuquay-Varina.
      502 & 420 N Main Street, Fuquay Varina, NC 27526
      View Details
    • $49,900

      Wooded Lot in Riverfront Community

      Wooded lot with river access near Fuquay-Varina, Holly Springs, Apex.
      999 Natchez Trace, Fuquay Varina, NC 27526
      View Details
    • $4,500,000
      11,879 SF

      Turnkey Sports Bar & Entertainment Hub

      Fully equipped venue in a booming market, ready for service.
      1420 E Broad, Fuquay Varina, NC 27526
      View Details
    • $500,000

      Acreage in Fuquay Varina, NC

      Land available to build your dream home with acreage.
      325 Wagstaff Road, Fuquay Varina, NC 27526
      View Details

    FAQs

    What type of property is this?
    Agricultural land / Farmland - 8.91 Acres in fast-growing Fuquay-Varina, near Raleigh.
    Where is this agricultural land / farmland located?
    The property is located at 9260 Lake Wheeler Road Fuquay Varina, NC.
    What is the asking price?
    The asking price for this property is $289,000.
    What are key features of this property?
    This property features: +/- 8.914 Acres in fast‑growing Fuquay‑Varina.; Zoned Residential Agriculture (RA) allowing for limited residential and non‑residential uses.; +/- 4.5 Acres usable for Farmer's Market, Food Truck(s), private recreation, kennels & stables.
    (919) 229-3533
    We can help!
    Listing Contact
    Ian Kipp
    Real Estate License ID: 268085
    Learn More
    Request Owner's contact information
    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.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    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
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    9260 Lake Wheeler Road, Fuquay Varina, NC 27526
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!