Property profile

1201 Plainview Dr Raleigh, NC 27610

FOR SALE
Commercial land
Property ID
US53-0045450
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Property summary

AI-generated overview

Here's a revised version that naturally incorporates that information while making it clear to buyers: CELL TOWER IS NOT GENERATING ANY INCOME Development Opportunity | 1201 Plainview Dr & 3725 Hillcrest Dr, Raleigh, NC Located just 0.5 miles from New Bern Avenue, 2 miles from I-440, and approximately 10 minutes from Downtown Raleigh, this assemblage offers excellent accessibility to major transportation corridors, employment centers, and everyday amenities. The property is also within close proximity to WakeMed Raleigh Campus, shopping, dining, and hospitality options. The offering consists of two parcels being sold together: 3725 Hillcrest Dr – ±0.83 acres 1201 Plainview Dr – ±0.40 acres Total Site Area: ±1.23 acres Zoned NX (Neighborhood Mixed-Use) , the property supports a wide variety of potential uses, including residential, office, retail, and mixed-use development, providing flexibility for investors, developers, and owner-users. A cell tower lease area is located on 3725 Hillcrest Dr . Buyers should note that the tower and associated easement area create development restrictions on a portion of that parcel. Additionally, the current property owners do not receive any income from the cell tower. A previous owner entered into a 100-year ground lease , and all rights to the lease income were conveyed under that agreement.

Property profile

Verified
Property type Commercial land
UPID US53-0045450

Cap rate & NOI

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

Location

1201 Plainview Dr Raleigh, NC 27610
Raleigh 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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