Property profile

1 Fairway Rd Jacksonville, NC 28546

OFF-MARKET
Land
18 ac lot
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Property summary

AI-generated overview

This exceptional 18+/- acre parcel presents a remarkable residential development opportunity in the heart of Jacksonville, North Carolina. Zoned RMF-HD, this land is ideally situated for the construction of single-family homes, offering convenient access to essential utilities. Water, sewer, and electric services are readily available on-site. The property boasts convenient access via West Fairway Road, providing both north and south commuter access via Highway 17 and proximity to local commercial services. Its location adjacent to Jacksonville Commons Middle School and Northside High School makes it particularly attractive to families. This lot, to be subdivided from a larger 24.26-acre tract, offers a unique chance to create a thriving residential community. Nearby established single-family developments feature lot sizes ranging from 5,000 to 7,000 square feet, providing a strong benchmark for potential development plans. The asking price is $4,000,000, with a land value of $5.10 per square foot. This is a truly exceptional opportunity to capitalize on the growing demand for residential properties in this desirable area of Jacksonville. The property's strategic location and existing infrastructure make it an ideal investment for developers seeking a high-return project. Don't miss this chance to acquire a prime piece of land in a thriving community.

Property profile

Verified
Property type Land
Lot 18 ac (784,080 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1 Fairway Rd Jacksonville, NC 28546
Jacksonville metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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