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    601 Forestville Rd Wake Forest, NC 27587

    For Sale
    $800,000

    3.91 acres suitable for townhome development in Wake Forest.

    Property size:
    3 SF
    Lot size:
    3.91 Acres

    Property Features for 601 Forestville Rd

    General Information

    Size
    3 SF
    Lot size
    3.91 Acres

    Source: Scott Hadley Agent Scott Hadley

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

    Overview

    Wake Forest Land Opportunity

    Located on Forestville Road, with convenient access from Rogers Road and S Franklin Street, this 3.91-acre property in Wake Forest presents a premier infill opportunity. The site is surrounded by established neighborhoods and abundant amenities, including retail, schools, and healthcare facilities. It is ideally suited for townhome development, with water and sewer services available on Forestville Road at the property. This is one of the last undeveloped parcels in this thriving corridor. The site's elevated topography is conducive to townhome construction, offering attractive views and requiring minimal site work. Numerous amenities are located nearby, including Publix, Lowe’s, Harris Teeter, medical offices, Heritage Elementary and Middle Schools, restaurants, convenience stores, and drug stores. The property is surrounded by residential homes and townhomes. The future land use designation of ‘Mixed Residential’ allows for diverse housing types, including townhomes, duplexes, quadplexes, and small-scale multifamily dwellings. Nearby parks and athletic fields provide recreational opportunities. The property is zoned RD.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Wake Forest
    County
    Wake
    State
    North Carolina
    Longitude
    -78.5129824
    Latitude
    35.9521802

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    FAQs

    What type of property is this?
    Land - 3.91 acres suitable for townhome development in Wake Forest.
    Where is this land located?
    The property is located at 601 Forestville Rd Wake Forest, NC.
    What is the asking price?
    The asking price for this property is $800,000.
    What are key features of this property?
    This property features: - Premier infill opportunity in a thriving corridor, one of the last undeveloped parcels.; - Ideally suited for townhome development with elevated topography and attractive views.; - Water and sewer are located on Forestville Road at the property.
    (919) 906-0524
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    Wake Forest, NC 27587
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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
    601 Forestville Rd Wake Forest, NC 27587
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