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    OFF-MARKET
    Commercial real estate

    205 Ralph Dr, Wake Forest, NC 27587

    20.54 ac lot
    Property ID
    US53-5294265
    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 Commercial real estate
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    CAP Approach CAP
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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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