Property profile

213-223 Sunnybrook Rd Raleigh, NC 27610

OFF-MARKET
Land
3.26 ac lot
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Property summary

AI-generated overview

This exceptional 3.26-acre commercial land parcel presents a unique mixed-use development opportunity in Raleigh, North Carolina. Located at 213-223 Sunnybrook Road, in Wake County, zip code 27610, the property boasts a highly desirable Office Mixed Use-3 (OX-3-PL-CU) zoning designation, with a future land use plan designating Office & Residential Mixed Use. Its strategic location offers unparalleled access to key infrastructure and amenities. The site is approximately 0.5 miles from Wake Med Raleigh Campus, 1.5 miles from I-440, 3 miles from Downtown Raleigh, and 4.5 miles from I-40, ensuring convenient connectivity for residents and businesses alike. Permitted uses are diverse and include, but are not limited to, multi-family residential, office space, medical facilities, hotels, college/university buildings, and research & development centers. All utilities are readily available on-site. A highest and best use analysis points towards multi-family development, with the potential for rezoning to OX-5, which could potentially support approximately 210 apartment units. This presents a compelling investment prospect for developers seeking to capitalize on Raleigh's thriving real estate market and its strong demand for diverse housing and commercial options. The property's size and zoning flexibility offer significant development potential, making it an ideal choice for a large-scale project.

Property profile

Verified
Property type Land
Lot 3.26 ac (142,006 SF)

Cap rate & NOI

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

Location

213-223 Sunnybrook Rd Raleigh, NC 27610
Raleigh 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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