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    512 Eagle Rock Rd Wendell, NC 27591

    Sponsored
    For Sale
    Contact for pricing

    Prime NC multifamily land, 650+ units possible.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    Exceptional opportunity to acquire a substantial multifamily land parcel in the thriving Wendell Commerce Center Planned Use Development (PUD) in Wake County, North Carolina. This strategically located site, encompassing approximately 49.3 acres, offers the potential to develop up to 650 multifamily units. The PUD, approved in November 2022, presents a fully entitled development opportunity, eliminating significant pre-development hurdles. The property's address is 512 Eagle Rock Rd, Wendell, NC 27591, and is situated near the intersection of I-87 and US 64 Business (Wendell Boulevard). This high-growth area benefits from its proximity to major employers, retail amenities, and existing residential communities, creating a dynamic live-work-play environment. Within a 20-minute radius, residents will find numerous conveniences, including downtown Raleigh and Raleigh-Durham International Airport. The acreage is approximate and subject to final platting. This is a rare chance to capitalize on the robust residential demand in one of the fastest-growing areas of the United States. Contact for pricing.

    Property Features for 512 Eagle Rock Rd

    General Information

    Property type
    Multifamily properties
    Lot Size
    2,147,508 SF

    HighLights

    • Multifamily land for sale in Wendell, NC, within an approved Planned Use Development (PUD).
    • The PUD allows up to 650 multifamily units.
    • Two parcels available: approximately 15.8 acres and approximately 33.5 acres.
    • Final acreage subject to survey.
    • Zoning: Planned Use Development (approved November 2022).
    • Price: Contact broker for pricing.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Building Supply Wholesale Shop Auto Repair Shop Auto Parts Store HVAC Service Electronics Store Cafe & Coffee Shop Car Rental Wine and Liquor Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Wendell
    County
    Wake
    State
    North Carolina
    Longitude
    -78.4193187
    Latitude
    35.8027867

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    FAQs

    What type of property is this?
    Multifamily property - Prime NC multifamily land, 650+ units possible.
    Where is this multifamily property located?
    The property is located at 512 Eagle Rock Rd Wendell, NC.
    What are key features of this property?
    This property features: Multifamily land for sale in Wendell, NC, within an approved Planned Use Development (PUD).; The PUD allows up to 650 multifamily units.; Two parcels available: approximately 15.8 acres and approximately 33.5 acres.
    (919) 576-2501
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    512 Eagle Rock Rd Wendell, NC 27591
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    Wendell, NC 27591
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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
    512 Eagle Rock Rd Wendell, NC 27591
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