Property profile

226 Davenport Farm Rd Winterville, NC 28590

OFF-MARKET
Land
27.05 ac lot
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Property summary

AI-generated overview

Exceptional 27.05-acre development opportunity in Winterville, NC, zoned AR (Agricultural Residential) with future commercial development potential as per the Winterville Future Land Use plan. This property boasts convenient access to major roadways and is situated within 10 minutes of East Carolina University and ECU Health, placing it near a high concentration of destination retailers. City water is available on-site, and sewer service will be provided by the Town of Winterville (currently nearby, with a cost analysis underway for full site service). A preliminary wetland report has identified one small area as potentially jurisdictional, but this may be omitted under updated regulations (a wetland map is available). The property's location and zoning offer significant flexibility for a developer seeking to create a project that harmonizes with existing residential development, while capitalizing on its prime location and proximity to key amenities. The asking price is $1,620,000. This presents a unique chance to acquire a substantial parcel of land with considerable upside potential for mixed-use development.

Property profile

Verified
Property type Land
Lot 27.05 ac (1,178,298 SF)

Cap rate & NOI

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

Location

226 Davenport Farm Rd Winterville, NC 28590
Winterville 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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