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    4900 Spring Forest Rd, Unit Raleigh Raleigh, NC 27616

    For Sale
    $1,130,000

    1.55-acre commercial mixed-use land in a prime Raleigh location.

    Property size:
    1,144 SF
    Lot size:
    1.55 Acres

    Property Features for 4900 Spring Forest Rd

    General Information

    Standard status
    Active
    Size
    1,144 SF
    Lot size
    1.55 Acres

    Building Details

    Year built
    1955

    Source: FAB REAL ESTATE SERVICES, LLC Agent LAURA THOMPSON VEVURKA

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

    Overview

    Raleigh Commercial Land Opportunity

    This 1.55-acre property is located in a sought-after area of Raleigh and is zoned for Commercial Mixed Use (CX-3). The versatile parcel is suitable for residential development, business ventures, or a combination of both. The property is adjacent to a McDonalds, a grocery-anchored shopping center, and a 300-unit apartment complex. Zoning allows for commercial, medical, office, residential, retail, restaurants, professional offices, and other businesses. The property includes a 1,144 sq ft home, built in 1955, in addition to two large storage buildings. Located a half mile from 540, this property is minutes from the primary transportation corridor that provides access to the greater Triangle area.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.5576005
    Latitude
    35.855412

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    FAQs

    What type of property is this?
    Commercial land - 1.55-acre commercial mixed-use land in a prime Raleigh location.
    Where is this commercial land located?
    The property is located at 4900 Spring Forest Rd, Unit Raleigh Raleigh, NC.
    What is the asking price?
    The asking price for this property is $1,130,000.
    What are key features of this property?
    This property features: - Prime 1.55-acre commercial property in a highly sought-after Raleigh location.; - Zoned CX-3 for Commercial Mixed Use, allowing for diverse development options (residential, business, or both).; - Excellent location adjacent to McDonalds, a grocery-anchored shopping center, and a 300-unit apartment complex.
    (919) 262-6828
    Request Owner's contact information
    4900 Spring Forest Rd, Unit Raleigh Raleigh, NC 27616
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    Raleigh, NC 27616
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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
    4900 Spring Forest Rd, Unit Raleigh Raleigh, NC 27616
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