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    2700 Forestville Rd Wake Forest, NC 27587

    Sponsored
    For Sale
    $1,750,000

    11.79 Acres, Prime Development Site

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 11.79-acre parcel of residential land presents a remarkable opportunity for developers in the thriving Wake Forest, NC market. Located at 2700 Forestville Road, Wake County, zip code 27587, this property boasts readily available water and sewer infrastructure, significantly streamlining the development process. A preliminary plan already outlines the potential for 24 single-family home lots, maximizing the land's potential for high-value residential construction. The strategic location offers significant advantages. The property sits adjacent to a planned development encompassing 224 apartment units and 147 townhouses, creating a vibrant and desirable neighborhood. Wake Forest and nearby Rolesville are experiencing rapid growth, making this land ideally positioned to capitalize on the increasing demand for housing in this area of North Carolina. The asking price for this prime development opportunity is $1,750,000. This is a rare chance to acquire a substantial tract of land in one of North Carolina's fastest-growing regions, poised for immediate development and significant return on investment. Detailed site plans and further information are available upon request.

    Property Features for 2700 Forestville Rd

    General Information

    Property type
    Land
    Lot Size
    513,572 SF

    HighLights

    • 11.79‑acre residential development site.
    • Water and sewer infrastructure in place.
    • Preliminary plat indicates 24 single‑family lots.
    • Adjacent to a planned community with 224 apartments and 147 townhomes.
    • Located near Wake Forest and Rolesville, two of North Carolina's fastest‑growing towns.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Wake Forest
    County
    Wake
    State
    North Carolina
    Longitude
    -78.50695615
    Latitude
    35.89981559

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    FAQs

    What type of property is this?
    Land - 11.79 Acres, Prime Development Site
    Where is this land located?
    The property is located at 2700 Forestville Rd Wake Forest, 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-acre residential development site.; Water and sewer infrastructure in place.; Preliminary plat indicates 24 single-family lots.
    (919) 576-2501
    Request Owner's contact information
    2700 Forestville Rd Wake Forest, NC 27587
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    Wake Forest, 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 Wake Forest, NC 27587
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