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    10600 Glenwood Ave Raleigh, NC 27617

    Sponsored
    For Sale
    $1,500,000

    Prime Raleigh location, high visibility, investment opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 9.47-acre commercial land parcel presents a remarkable investment opportunity in the thriving Raleigh, North Carolina market. Located at 10600 Glenwood Avenue, this property boasts significant frontage along US Highway 70 and Glenwood Avenue, ensuring high visibility and accessibility for any commercial venture. The property is zoned CX-3-PK, permitting a wide range of uses, including flex space, investment properties, multi-family developments, office buildings, or retail establishments. The expansive lot size offers considerable flexibility for development, catering to various project scales and scopes. With a total asking price of $1,500,000, the price per acre stands at $158,394.93, reflecting the strategic value of this prime location within Wake County. The property's APN is 0769106298. This exceptional land parcel is ideally situated to capitalize on Raleigh's robust economic growth and burgeoning commercial sector, making it an attractive proposition for discerning investors and developers seeking a high-impact investment in a dynamic market. The property's strategic location and flexible zoning make it a truly unique opportunity.

    Property Features for 10600 Glenwood Ave

    General Information

    Property type
    Land
    Lot Size
    412,513 SF

    HighLights

    • 9.47‑acre commercial land parcel in Raleigh, NC.
    • High visibility with frontage on US Highway 70 and Glenwood Avenue.
    • CX‑3‑PK zoning allows for flex, investment, multi‑family, office, or retail development.
    • Asking price: $1,500,000 ($158,394.93/acre).
    • APN: 0769106298.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.7532884
    Latitude
    35.9017424

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    FAQs

    What type of property is this?
    Land - Prime Raleigh location, high visibility, investment opportunity.
    Where is this land located?
    The property is located at 10600 Glenwood Ave Raleigh, NC.
    What is the asking price?
    The asking price for this property is $1,500,000.
    What are key features of this property?
    This property features: 9.47-acre commercial land parcel in Raleigh, NC.; High visibility with frontage on US Highway 70 and Glenwood Avenue.; CX-3-PK zoning allows for flex, investment, multi-family, office, or retail development.
    Request Owner's contact information
    10600 Glenwood Ave Raleigh, NC 27617
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    Raleigh, NC 27617
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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
    10600 Glenwood Ave Raleigh, NC 27617
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