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    Buffaloe Rd & Forestville Rd Raleigh, NC 27616

    Sponsored
    For Lease
    Contact for pricing

    High-growth area, Publix-anchored, I-540 access

    Lot size:
    122,839 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional retail and land opportunity in Wake County, NC, presents 122,839 square feet of total building space, with 2,590 square feet currently vacant across three available spaces. Situated on a 2.82-acre lot (with a buildable area between 1.38 and 1.44 acres), this property boasts a prime location in Northeast Raleigh, offering excellent visibility and accessibility. The site benefits from its proximity to I-540, Raleigh's outer belt, ensuring convenient access for customers and employees. A planned Publix-anchored center directly across the street further enhances the property's appeal and provides a strong anchor tenant. This location is ideal for a variety of uses, including quick-service restaurants (QSR), medical offices, and retail establishments. The high-growth area guarantees significant annual traffic increases, making this an exceptional investment opportunity with strong potential for long-term growth and return. The property's multiple tenancy allows for flexibility and diverse income streams. This is a rare chance to secure a well-positioned commercial property in one of Raleigh's most dynamic areas.

    Property Features for 0 Buffaloe Rd & Forestville Rd

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    122,839 SF

    Unit(s) available at that property

    Space
    Available Space 3
    Size
    2,590 SF
    Space
    Available Space 1
    Size
    0 SF
    Space
    Available Space 2
    Size
    0 SF

    HighLights

    • Outparcel available in a high‑growth area of Northeast Raleigh.
    • Publix‑anchored center planned across the street.
    • Excellent I‑540 access, Raleigh's outer belt.
    • Ideal for QSR, medical, or retail uses.
    • Significant annual traffic growth projected.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.5137605
    Latitude
    35.8445612

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    FAQs

    What type of property is this?
    Land - High-growth area, Publix-anchored, I-540 access
    Where is this land located?
    The property is located at Buffaloe Rd & Forestville Rd Raleigh, NC.
    What are key features of this property?
    This property features: Outparcel available in a high-growth area of Northeast Raleigh.; Publix-anchored center planned across the street.; Excellent I-540 access, Raleigh's outer belt.
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    Buffaloe Rd & Forestville Rd 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
    Buffaloe Rd & Forestville Rd Raleigh, NC 27616
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