609 Cross Link Rd, Raleigh, NC 27610
This exceptional 3.77-acre parcel, located at 609 Cross Link Rd in Raleigh, Wake County, North Carolina (zip code 27610), presents a unique investment opportunity. Currently zoned R-10, with a future land use designation of Moderate Scale Residential, this property offers significant potential for residential development. The property boasts convenient access to downtown Raleigh, and enjoys high visibility with approximately 12,000 vehicles per day traveling on Cross Link Road. Utilities are available at the site. A key advantage is the existing cellular tower lease, providing a consistent income stream until 2036. The parcel's Property Identification Number (PIN) is 1712041750. This is an exceptional opportunity to acquire a sizable residential lot in a rapidly growing area of Raleigh, offering both immediate income and long-term development potential. The asking price for this remarkable property is $425,000. Don't miss this chance to secure a prime piece of Raleigh real estate.
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
Similar Nearby for Sale
Similar Nearby for Lease
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.