0 Buffaloe Rd & Forestville Rd, Raleigh, NC 27616
This exceptional retail and land opportunity in Wake County, NC, presents 122,839 square feet of total building space, with 2,590 square feet currently vacant across three available spaces. Situated on a 2.82-acre lot (with a buildable area between 1.38 and 1.44 acres), this property boasts a prime location in Northeast Raleigh, offering excellent visibility and accessibility. The site benefits from its proximity to I-540, Raleigh's outer belt, ensuring convenient access for customers and employees. A planned Publix-anchored center directly across the street further enhances the property's appeal and provides a strong anchor tenant. This location is ideal for a variety of uses, including quick-service restaurants (QSR), medical offices, and retail establishments. The high-growth area guarantees significant annual traffic increases, making this an exceptional investment opportunity with strong potential for long-term growth and return. The property's multiple tenancy allows for flexibility and diverse income streams. This is a rare chance to secure a well-positioned commercial property in one of Raleigh's most dynamic areas.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.