Property profile

0 Ramblewood Dr Clayton, NC 27520

OFF-MARKET
Land
22.02 ac lot
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Property summary

AI-generated overview

Exceptional investment opportunity in Clayton, NC. This 22.02-acre parcel, situated on Ramblewood Drive, presents a remarkable chance to develop a substantial residential community. The property boasts approved construction drawings for 154 units, a mix of 58 townhomes and 96 single-family detached homes. Conveniently located halfway between Downtown Clayton and I-40, with the planned I-540 extension nearby, this site is poised for significant growth. The land is zoned CZ-R, allowing for up to 8 units per acre, and is under the jurisdiction of the Town of Clayton. Extensive due diligence has already been completed, including a survey, wetlands delineation, Phase 1 environmental assessment, and geotechnical report. Johnston County PINs 164900-79-1785, 164900-78-3824, and 164900-69-6350 encompass the property. The strategic location along the US 70 Hwy Bypass, amidst significant ongoing residential, commercial, and industrial development, makes this a highly desirable and lucrative development prospect. The asking price for this exceptional opportunity is $6,500,000.

Property profile

Verified
Property type Land
Lot 22.02 ac (959,191 SF)

Cap rate & NOI

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

Location

Ramblewood Dr Clayton, NC 27520
Clayton 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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