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    OFF-MARKET
    Land

    2700 Forestville Rd, Wake Forest, NC 27587

    11.79 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 11.79-acre parcel of residential land presents a remarkable opportunity for developers in the thriving Wake Forest, NC market. Located at 2700 Forestville Road, Wake County, zip code 27587, this property boasts readily available water and sewer infrastructure, significantly streamlining the development process. A preliminary plan already outlines the potential for 24 single-family home lots, maximizing the land's potential for high-value residential construction. The strategic location offers significant advantages. The property sits adjacent to a planned development encompassing 224 apartment units and 147 townhouses, creating a vibrant and desirable neighborhood. Wake Forest and nearby Rolesville are experiencing rapid growth, making this land ideally positioned to capitalize on the increasing demand for housing in this area of North Carolina. The asking price for this prime development opportunity is $1,750,000. This is a rare chance to acquire a substantial tract of land in one of North Carolina's fastest-growing regions, poised for immediate development and significant return on investment. Detailed site plans and further information are available upon request.

    Property profile
    Verified
    Property type Land
    Lot 11.79 ac (513,572 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Blend (final) Blend
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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