Property profile

205 Ralph Dr Wake Forest, NC 27587

OFF-MARKET
Land
Property ID
US53-5294265
20.54 ac lot
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Property summary

AI-generated overview

This exceptional 20.54-acre residential land assemblage in Wake Forest, North Carolina presents a unique investment opportunity. Comprised of fourteen contiguous parcels, this property is ideally situated just off N. Main Street, offering convenient access to the vibrant downtown area's shopping and dining options. The land is strategically located adjacent to and stubbed out from the Kinsley Subdivision, a currently under-construction development, suggesting strong potential for future growth and appreciation. The property's R-30 zoning designation allows for a variety of residential development possibilities, making it attractive to builders and investors alike. Detailed site plans and further information regarding potential development scenarios are available upon request. The property's address is 205 Ralph Dr, Wake Forest, NC 27587, situated in Franklin County. Its precise coordinates are latitude 36.0040811 and longitude -78.4965495. This assemblage offers a rare chance to acquire a significant land holding in a rapidly growing area with excellent infrastructure and amenities. Interested parties are encouraged to explore the possibilities this prime location offers. Further details on potential expansion opportunities with additional acreage are available.

Property profile

Verified
Property type Land
Lot 20.54 ac (894,722 SF)
UPID US53-5294265

Cap rate & NOI

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

Location

205 Ralph Dr Wake Forest, NC 27587
Wake Forest metro
Google Maps

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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