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    Louisburg Rd Wake Forest, NC 27571

    Sponsored
    For Sale
    $1,990,725

    41 Acres, Prime Residential Development

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 41.91-acre parcel presents a remarkable opportunity for residential development in the rapidly growing Rolesville area of Wake County, North Carolina. Located off the Hwy 401 Bypass, this R-1 zoned property enjoys a strategic position adjacent to the future Point Subdivision, a substantial 264-acre development encompassing 807 planned units (324 townhomes and 483 houses) by Ashton Woods. The land is situated west of Young Street (Rolesville Road), south of Hwy 401, and east of Jonesville Road, offering convenient access to major transportation routes. The property includes existing sewer infrastructure, significantly reducing development costs and timelines. The asking price is $1,990,725, translating to $47,500 per acre. This represents a compelling value proposition given the property's location, zoning, and proximity to a thriving master-planned community. Note that Rolesville is currently reviewing a new Unified Development Ordinance (UDO), and this site may be subject to its guidelines. The property's APN is 1758928330. This is a rare opportunity to acquire a large, well-located residential tract in a high-demand area poised for continued growth. Serious inquiries only.

    Property Features for 0 Louisburg Rd

    General Information

    Property type
    Land
    Lot Size
    1,825,600 SF

    HighLights

    • $1,990,725 asking price.
    • 41.91‑acre residential land parcel.
    • R‑1 zoning.
    • $47,500 per acre land value.
    • Located in Rolesville, NC, near Hwy 401 Bypass and adjacent to the future Point Subdivision.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Wake Forest
    County
    Wake
    State
    North Carolina
    Longitude
    -78.4420364
    Latitude
    35.9214107

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    FAQs

    What type of property is this?
    Land - 41 Acres, Prime Residential Development
    Where is this land located?
    The property is located at Louisburg Rd Wake Forest, NC.
    What is the asking price?
    The asking price for this property is $1,990,725.
    What are key features of this property?
    This property features: $1,990,725 asking price.; 41.91-acre residential land parcel.; R-1 zoning.
    (919) 576-2504
    Request Owner's contact information
    Louisburg Rd Wake Forest, NC 27571
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    Wake Forest, NC 27571
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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
    Louisburg Rd Wake Forest, NC 27571
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