0 Forest Oaks Dr Sanford, NC 27330
This exceptional 36.04-acre agricultural property in Sanford, North Carolina, presents a unique investment opportunity. Located in Lee County, the land boasts a desirable Rural Agriculture (RA) zoning designation, offering potential for various uses. Currently planted with pine timber, the relatively flat terrain provides ease of access and development. A significant advantage is its adjacency to a CSX Railroad line, opening possibilities for efficient transportation and logistics. While there's no deeded access currently, municipal water is readily available on nearby Forest Oaks Road. The property's proximity to the Raleigh Executive Jetport further enhances its appeal. Although sewer is not currently available, future use plans envision residential development, and the zoning may permit light industrial uses, contingent upon compatibility with existing residential areas. The property's Parcel Identification Number (PIN) is 9677-15-4040-00. Adjacent vacant lots may offer potential access points. The asking price is $15,000 per acre, representing a compelling value for this strategically located land parcel. This presents a rare chance to acquire a sizable tract with significant development potential in a rapidly growing area.
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
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.