2700 Forestville Rd, Wake Forest, NC 27587
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.
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.