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    1209 Piney Grove Wilbon Rd Holly Springs, NC 27540

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    For Sale
    $4,400,000

    Prime land for retail development in a growing submarket.

    Property size:
    10 SF
    Lot size:
    10.43 Acres

    Property Features for 1209 Piney Grove Wilbon Rd

    General Information

    Size
    10 SF
    Lot size
    10.43 Acres

    Building Details

    Year built
    2005

    Source: Stone Alexander Agent Stone Alexander

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

    Overview

    Retail Development Opportunity in Holly Springs

    This is a retail development opportunity situated within Holly Springs’ Extraterritorial Jurisdiction. The site, spanning approximately 10.43 acres, is currently zoned Rural Residential (RR). Future Land Use Plans designate it as Neighborhood Center (NC). The property is located near the new Holly Springs Park and across from the approved Elmsley subdivision in Fuquay-Varina, which will add 212 new homes to the area. The location offers quick access to US-1, NC-540, and major employment centers. The property benefits from strong market fundamentals, including rapid residential growth and top schools. Traffic counts on Piney Grove Wilbon Rd are 19,500 vehicles per day. The intended use is for a grocery-anchored retail development. An adjacent parcel of approximately 48.8 acres is available for possible expansion, offering developers the potential to enlarge the overall footprint and create a larger-scale residential subdivision or master-planned community. The adjacent parcel is not included in the current offering or sale price.
    Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Dental Office Clothing Store Gym & Fitness Skin Care Clinic Kitchen & Bath Garden Center Computer & Electronic Repair Bakery Tech Support Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Holly Springs
    County
    Wake
    State
    North Carolina
    Longitude
    -78.8396295
    Latitude
    35.6188988

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    FAQs

    What type of property is this?
    Commercial land - Prime land for retail development in a growing submarket.
    Where is this commercial land located?
    The property is located at 1209 Piney Grove Wilbon Rd Holly Springs, NC.
    What is the asking price?
    The asking price for this property is $4,400,000.
    What are key features of this property?
    This property features: - Prime retail development opportunity in a rapidly expanding submarket.; - Future Land Use designated as Neighborhood Center (NC), ideal for grocery-anchored retail development.; - Located near the new Holly Springs Park and across from the approved Elmsley subdivision (212 new rooftops).
    (919) 600-2397
    Request Owner's contact information
    1209 Piney Grove Wilbon Rd Holly Springs, NC 27540
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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
    1209 Piney Grove Wilbon Rd Holly Springs, NC 27540
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