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    913 Navaho Dr Raleigh, NC 27609

    For Sale
    Contact for pricing

    Prime covered land assemblage in Raleigh's North Hills submarket.

    Lot size:
    27.89 Acres

    Property Features for 913 Navaho Dr

    General Information

    Lot size
    27.89 Acres

    Source: JLL | Charlotte Agent Hunter Barron

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

    Overview

    27.89 Acre Development Opportunity

    This 27.89-acre covered land assemblage is located in the North Hills submarket of Raleigh, NC. The property is zoned for Commercial Mixed-Use, allowing for residential, retail, service, and commercial development with vertical density up to 20 stories. The site is adjacent to the North Hills Innovation District and the Exchange Raleigh mixed-use project, which includes 1000 Social, a 350,000 SF office asset. The property currently includes an office component with 126,608 SF across 3 buildings on 7.51 acres, maintaining an 85% occupancy rate and generating over $1.2M of annual net operating income. The multifamily portion consists of 365 units across 20.38 acres, with a 92% occupancy rate and an NOI of approximately $2.4M. The office component is suited for near-term redevelopment due to tenant preferences for short-term leases. The property has the ability to develop over 2,000 multifamily units by right.
    Location Intelligence

    Current Use by Public Records

    CGM QUALITY HOME ... Remodeler

    Suggested Use

    Restaurant Law Firm Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.6260939
    Latitude
    35.8295597

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    FAQs

    What type of property is this?
    Land - Prime covered land assemblage in Raleigh's North Hills submarket.
    Where is this land located?
    The property is located at 913 Navaho Dr Raleigh, NC.
    What are key features of this property?
    This property features: - Premier location in the highly desirable North Hills submarket of Raleigh.; - Portfolio generates substantial income from existing assets.; - High density development potential: Zoned for Commercial Mixed-Use, allowing for diverse development with by-right vertical density up to 20 stories.
    (704) 943-2300
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    913 Navaho Dr Raleigh, NC 27609
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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
    913 Navaho Dr Raleigh, NC 27609
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