1041 Buffalo Rd Smithfield, NC 27577
This exceptional 141.6-acre parcel, located at 1041 Buffalo Rd, Smithfield, NC 27577, presents a remarkable opportunity for residential development. Currently zoned R-20A by the Town of Smithfield, the property's future land use designation supports medium-density residential construction. A concept plan already envisions a vibrant community featuring approximately 128 townhomes and 66 single-family homes, showcasing the site's significant potential. The property's expansive size and strategic location within Johnston County offer developers a unique chance to create a thriving residential neighborhood. The parcel's APN is 169411-65-0647. Its convenient location and zoning make it an attractive investment for those seeking to capitalize on the growing demand for housing in the area. Detailed information and pricing are available upon request. This is a rare opportunity to acquire a large, well-positioned tract of land ideal for a substantial residential development project. 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
Similar Nearby for Sale
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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.