0 Ramblewood Dr, Clayton, NC 27520
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.
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
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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.