0 Tryon Rd & Fairway Dr Raleigh, NC 27603
This exceptional 43.83-acre commercial land parcel presents a remarkable development opportunity in Raleigh, North Carolina. Located at the intersection of Tryon Road and Fairway Drive, this property boasts a highly desirable location within Wake County, zip code 27603. The site is zoned R-4 and R-10, allowing for a range of mixed-density residential development options, including multi-family and townhome projects. Its strategic position offers easy access to major transportation arteries, including US-70, US-401, and I-40, ensuring convenient commutes to downtown Raleigh (under 5 miles), NC State University (under 5 miles), and the Research Triangle Park/RDU International Airport (just over 18 miles). The property's proximity to these key areas, combined with Raleigh's thriving economy and strong talent pipeline from its prestigious universities, makes it an ideal location for a high-demand residential development. This rare assemblage of land presents a unique investment opportunity in one of the fastest-growing cities in the United States. The property's APN is 3. This is a truly exceptional opportunity to capitalize on Raleigh's continued growth and success.
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
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
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Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.