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    Ramblewood Dr Clayton, NC 27520

    Sponsored
    For Sale
    $6,500,000

    22 Acres, 154-Unit Residential Development

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    Exceptional investment opportunity in Clayton, NC. This 22.02-acre parcel, situated on Ramblewood Drive, presents a remarkable chance to develop a substantial residential community. The property boasts approved construction drawings for 154 units, a mix of 58 townhomes and 96 single-family detached homes. Conveniently located halfway between Downtown Clayton and I-40, with the planned I-540 extension nearby, this site is poised for significant growth. The land is zoned CZ-R, allowing for up to 8 units per acre, and is under the jurisdiction of the Town of Clayton. Extensive due diligence has already been completed, including a survey, wetlands delineation, Phase 1 environmental assessment, and geotechnical report. Johnston County PINs 164900-79-1785, 164900-78-3824, and 164900-69-6350 encompass the property. The strategic location along the US 70 Hwy Bypass, amidst significant ongoing residential, commercial, and industrial development, makes this a highly desirable and lucrative development prospect. The asking price for this exceptional opportunity is $6,500,000.

    Property Features for 0 Ramblewood Dr

    General Information

    Property type
    Land
    Lot Size
    959,191 SF

    HighLights

    • ±22.02‑acre residential development site in Clayton, NC, midway between I‑40 and Downtown Clayton.
    • Approved plans for 154 units: 58 townhomes and 96 single‑family homes.
    • CZ‑R zoning allows up to 8 units per acre.
    • Complete due diligence: survey, wetlands delineation, Phase I environmental, and geotechnical reports.
    • Minutes from the future I‑540 extension.
    • Johnston County PINs: 164900‑79‑1785, 164900‑78‑3824, and 164900‑69‑6350.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Clayton
    County
    Johnston
    State
    North Carolina
    Longitude
    -78.506262263319
    Latitude
    35.672587683041

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    FAQs

    What type of property is this?
    Land - 22 Acres, 154-Unit Residential Development
    Where is this land located?
    The property is located at Ramblewood Dr Clayton, NC.
    What is the asking price?
    The asking price for this property is $6,500,000.
    What are key features of this property?
    This property features: ±22.02-acre residential development site in Clayton, NC, midway between I-40 and Downtown Clayton.; Approved plans for 154 units: 58 townhomes and 96 single-family homes.; CZ-R zoning allows up to 8 units per acre.
    (919) 576-2501
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    Ramblewood Dr Clayton, NC 27520
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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.

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    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
    Ramblewood Dr Clayton, NC 27520
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