Technical
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Property profile

0 Forest Oaks Dr Sanford, NC 27330

OFF-MARKET
Land
36.04 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Land
Lot 36.04 ac (1,569,902 SF)

Cap rate & NOI

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

Location

Forest Oaks Dr Sanford, NC 27330
Sanford metro
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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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