Property profile

0 Buffaloe Rd & Forestville Rd Raleigh, NC 27616

OFF-MARKET
Retail properties & Spaces
122,839 SF 2.82 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Retail properties & Spaces
Total area 122,839 SF
Lot 2.82 ac (122,839 SF)

Cap rate & NOI

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

Location

Buffaloe Rd & Forestville Rd Raleigh, NC 27616
Raleigh 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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