Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    3 Acres Wooded Land Title is generated by Realmo AI

    217 Neuse River Parkway, Knightdale, NC 27545

    View on Map
    Claim this Listing
    New
    For Sale
    $135,000

    LAND - Knightdale, NC

    Lot size:
    3.00 Acres
    Added:
    May 13, 2026
    Days on Market:
    6
    Last Refresh:
    May 18 at 1:06 pm

    Property Features for 217 Neuse River Parkway

    General Information

    Property type
    Land
    Property subtype
    Other
    Zoning
    R-30
    Vegetation
    Wooded
    Standard status
    Active
    APN
    174203016725
    Lot size
    3.00 Acres

    Taxes and HOA fees

    Tax Year
    2025
    Tax Description
    Neuse River Est Blb Tr6 Bm1967-00377
    Tax Annual Amount
    537

    Utilities

    Sewer type
    Perc Test On File

    We can help!

    Listing Contact
    Johnny Chappell
    Johnny Chappell

    Listing agent Johnny Chappell License #267248

    Listing office Compass -- Raleigh 3800 Glenwood Avenue Suite 150, Raleigh, NC

    Listing date May 13, 2026

    MLS# 10167718 Listing URL

    Copyright © 2026 Doorify MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Great Location on Major Hwy
    • Rustic and Ready
    • Various types of businesses will fit
    • Over 2 Acres
    • Fully furnished with equipment, tables, chairs etc.
    • Turn Key Operations

    Overview

    This is a 3-acre wooded parcel that backs up to the Neuse River. It is located at the end of a paved county road. The property features mature hardwoods, offering natural privacy. The river frontage provides a natural boundary. A survey and preliminary soil report are on file. The property is accessible via a maintained paved county road. The zoning is R-30. Buyers are advised to verify zoning, utilities, and intended use with the county.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Auto Parts Store Accounting Firm HVAC Service

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

    Location Insight

    • Map
    • Local Demand
    City
    Knightdale
    County
    Wake
    State
    North Carolina
    Longitude
    -78.526165
    Latitude
    35.732117

    Nearby Similar for Sale

    • $2,000,000

      Knightdale Land For Sale

      3.7 acres on corner lot with road frontage.
      1937 Hodge Road, Knightdale, NC 27545
      View Details
    • $1,600,000
      2,568 SF

      Knightdale Commercial Land For Sale

      1.16 acre HB zoned lot near Downtown North development.
      7317 Knightdale Boulevard, Knightdale, NC 27545
      View Details
    • $1,500,000

      Knightdale Land Development Opportunity

      13 acre land parcel in rapidly growing Knightdale, NC.
      Old Ferrell Road, Knightdale, NC 27545
      View Details
    • $650,000
      6 SF

      Knightdale Raw Land For Sale

      6.48 acres of raw land with development potential.
      0 S. Smithfield Road, Knightdale, NC 27545
      View Details
    • $371,990
      2,189 SF

      Spacious Townhome with Modern Amenities

      Four-bedroom, three-story townhome with community amenities near Raleigh.
      1327 Hazelnut Ridge Lane 179, Knightdale, NC 27545
      View Details
    • $895,000

      Commercial Lot on Knightdale Boulevard

      Highly visible commercial lot with redevelopment potential on Knightdale Boulevard.
      7716 Knightdale, Knightdale, NC 27545
      View Details
    • $1,375,000
      2 SF

      Knightdale Land For Sale

      Land for sale in Knightdale, NC, zoned Neighborhood Mixed-Use.
      0 Big Oak Ct, Knightdale, NC 27545
      View Details
    • $895,000

      Commercial Lot on Knightdale Boulevard

      Highly visible commercial lot with redevelopment potential on major thoroughfare.
      7716 Knightdale, Knightdale, NC 27545
      View Details
    • $5,250,000
      32 SF

      Knightdale Land Parcel For Sale

      32.69-acre site near future I-540 intersection in Knightdale, NC.
      4800 Clifton Road, Knightdale, NC 27545
      View Details
    • $1,100,000

      Corner Property Near Fire Station

      Commercial property with high visibility and potential for various businesses.
      7416 Forestville Road, Knightdale, NC 27545
      View Details
    • $2,500,000

      Knightdale Vacant Land For Sale

      4.39 acre vacant parcel with utilities in Knightdale, NC.
      704 Old Knight Road, Knightdale, NC 27545
      View Details
    • Contact for pricing
      72,600 SF

      Knightdale Industrial Park Development

      New industrial park with flexible space near major routes.
      Hinton Oaks Boulevard, Knightdale, NC 27545
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 3 acres of wooded land backing up to Neuse River.
    Where is this residential land & home lot located?
    The property is located at 217 Neuse River Parkway Knightdale, NC.
    What is the asking price?
    The asking price for this property is $135,000.
    What are key features of this property?
    This property features: Great Location on Major Hwy; Rustic and Ready; Various types of businesses will fit
    (919) 737-2247
    We can help!
    Listing Contact
    Johnny Chappell
    Johnny Chappell
    Real Estate License ID: 267248
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    217 Neuse River Parkway, Knightdale, NC 27545
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!