205 Ralph Dr, Wake Forest, NC 27587
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.
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.