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311 Leagan Dr Raleigh, NC 27603

OFF-MARKET Land Google Maps
1.92 ac lot
Entity Owned 1-yr Hold
Estimated value
No estimation on file for this property yet.
Property ID US53-2564416

Property summary

AI-generated overview

This 1.92-acre industrial lot, located at 311 Leagan Dr, Raleigh, NC 27603 (APN 1702409254), is zoned IX-3 and offers significant development potential. Priced at $575,000, the property includes pre-engineered plans for a 15,375-square-foot flex/warehouse building. These plans encompass site preparation, geotechnical analysis, retaining wall design, and landscaping. Approximately 12,000 square feet of the site is already cleared. City of Raleigh utilities are available. The property benefits from a highly convenient location, less than half a mile from US Hwy 70 and US Hwy 401, providing easy access to I-40. This makes it an ideal site for various industrial or warehouse uses. The comprehensive engineering plans significantly reduce development time and costs, presenting a compelling opportunity for immediate construction.

Property profile

Verified
Property type Land
Lot 1.92 ac (83,635 SF)
UPID US53-2564416

Cap rate & NOI

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

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2025
4 recorded transactions
2025
$500,000
2023
Price N/A
2023
$385,000
2018
$500,000

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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