0 Louisburg Rd, Wake Forest, NC 27571
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.
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
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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.