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    2700 Forestville Rd Raleigh, NC 27587

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    For Sale
    $1,750,000

    Land for residential development in Raleigh, near US Hwy 401.

    Property size:
    11 SF
    Lot size:
    11.79 Acres

    Property Features for 2700 Forestville Rd

    General Information

    Size
    11 SF
    Lot size
    11.79 Acres

    Source: Moss Withers Agent Moss Withers

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

    Overview

    Residential Development Land For Sale

    This is approximately 11.79 acres of land for residential development for sale in Raleigh, North Carolina, situated near the intersection of US Highway 401 and Forestville Road, and less than four miles from I-540. Water and sewer utilities are available. A preliminary plan indicates the potential for 24 single-family home lots. The property is adjacent to a residential development planned for 224 apartment units and 147 townhouse units. Nearby Wake Forest and Rolesville are among the fastest growing towns in North Carolina.
    Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store Nail Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.5083564
    Latitude
    35.9042126

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    FAQs

    What type of property is this?
    Land - Land for residential development in Raleigh, near US Hwy 401.
    Where is this land located?
    The property is located at 2700 Forestville Rd Raleigh, NC.
    What is the asking price?
    The asking price for this property is $1,750,000.
    What are key features of this property?
    This property features: - ±11.79 acres of land for residential development in Raleigh, NC.; - Preliminary plan shows potential for **24 single-family home lots.**; - **Water and sewer are available on site.**
    (919) 576-2501
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    2700 Forestville Rd Raleigh, NC 27587
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    Raleigh, 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
    2700 Forestville Rd Raleigh, NC 27587
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