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    Buffaloe Rd. & Forestville Rd Raleigh, NC 27616

    For Sale
    $4,800,000

    Prime retail land with outparcels at signalized intersection.

    Property size:
    24 SF
    Lot size:
    24.79 Acres

    Property Features for Buffaloe Rd. & Forestville Rd

    General Information

    Size
    24 SF
    Lot size
    24.79 Acres

    Source: Jimmy Barnes, SIOR Agent Jimmy Barnes, SIOR

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    24.79 Acres Retail Land Available

    This 24.79-acre property is zoned shopping center conditional (CUD SC) and is located at the signalized intersection of Buffaloe Rd., Forestville Rd. & I-540. It is designated as prime retail land with outparcels available. The site features water on site and off-site sewer with easements in place. The topography is considered good. A 320-unit apartment complex is under construction behind the site. The annual average daily traffic (AADT) is 19,000 on Buffaloe Rd.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.5416
    Latitude
    35.8604

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    FAQs

    What type of property is this?
    Commercial land - Prime retail land with outparcels at signalized intersection.
    Where is this commercial land located?
    The property is located at Buffaloe Rd. & Forestville Rd Raleigh, NC.
    What is the asking price?
    The asking price for this property is $4,800,000.
    What are key features of this property?
    This property features: - Located at a signalized intersection of Buffaloe Rd., Forestville Rd. & I-540; - Zoned shopping center conditional - CUD SC, allowing for retail development; - **24.79 acres of prime retail land with outparcels available**
    (919) 210-5471
    Request Owner's contact information
    Buffaloe Rd. & Forestville Rd Raleigh, NC 27616
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    Raleigh, NC 27616
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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
    Buffaloe Rd. & Forestville Rd Raleigh, NC 27616
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