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    3027 Rock Quarry Rd Raleigh, NC 27610

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    For Sale
    Contact for pricing

    17.66 acres near I-40 and I-440, permits up to six units.

    Property size:
    17 SF
    Lot size:
    17.66 Acres

    Property Features for 3027 Rock Quarry Rd

    General Information

    Size
    17 SF
    Lot size
    17.66 Acres

    Source: John Hibbits Agent John Hibbits

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

    Overview

    Multifamily Development Opportunity in Raleigh

    This is a multifamily development opportunity totaling approximately 17.66 acres in southern Raleigh. The property is located at I-40 and I-440 along Rock Quarry Road, less than 3 miles from downtown Raleigh, North Carolina. The site has visibility from I-40. Permits allow up to six units per acre of land. The property is positioned near major routes of transportation and may be suitable for LIHTC projects. State and Local Dollars are available and the property has an excellent QAP Score.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Treasuring Christ Church

    Suggested Use

    Restaurant Realty agency Building Supply Spa & Massage Dental Office Auto Repair Shop Hair Salon Clothing Store Nail Salon 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
    -78.5971178
    Latitude
    35.749738

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    FAQs

    What type of property is this?
    Land - 17.66 acres near I-40 and I-440, permits up to six units.
    Where is this land located?
    The property is located at 3027 Rock Quarry Rd Raleigh, NC.
    What are key features of this property?
    This property features: - Multifamily development opportunity near I-40 and I-440.; - Proximity to downtown Raleigh (less than 3 miles).; - Permits up to six units per acre.
    (919) 606-0989
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    3027 Rock Quarry Rd Raleigh, NC 27610
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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
    3027 Rock Quarry Rd Raleigh, NC 27610
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