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    7212 Falls Of Neuse Rd Raleigh, NC 27615

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    For Sale
    $650,000

    Land with approved plans for a commercial building.

    Property size:
    1,750 SF

    Property Features for 7212 Falls Of Neuse Rd

    General Information

    Size
    1,750 SF

    Building Details

    Year built
    1970

    Source: Grier Godwin Agent Grier Godwin

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

    Overview

    Redevelopment Opportunity Near Ravenscroft School

    This stand-alone building is located across from Ravenscroft School and next to the NC School Board Association building. The property offers a redevelopment opportunity with approved architectural plans for either a 4,300 square foot single-story building or an 8,600 square foot two-story building. Situated in a North Raleigh location on Falls of Neuse Road, it is approximately 1.5 miles from I-540 and surrounded by growing commercial and residential developments. The property includes 1,750 square feet on 0.43 acres and is zoned OX-3, Office Mixed Use. Traffic counts on Falls of Neuse Road are 36,000 vehicles per day.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    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
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.6261985
    Latitude
    35.8836433

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    FAQs

    What type of property is this?
    Commercial land - Land with approved plans for a commercial building.
    Where is this commercial land located?
    The property is located at 7212 Falls Of Neuse Rd Raleigh, NC.
    What is the asking price?
    The asking price for this property is $650,000.
    What are key features of this property?
    This property features: - Prime redevelopment opportunity with approved architectural plans for a **4,300 SF or 8,600 SF building**.; - **Ideal North Raleigh location** on Falls of Neuse Road.; - High traffic count of 36,000 VPD on Falls of Neuse Road.
    (919) 524-5407
    Request Owner's contact information
    7212 Falls Of Neuse Rd Raleigh, NC 27615
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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
    7212 Falls Of Neuse Rd Raleigh, NC 27615
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