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    FOR SALE
    Commercial land

    1201 Plainview Dr, Raleigh, NC 27610

    Property ID
    US53-0045450
    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
    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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    Comparable Approach Comparable
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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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