Property profile

609 Cross Link Rd Raleigh, NC 27610

OFF-MARKET
Land
Property ID
US53-0404509
3.77 ac lot
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Land
Lot 3.77 ac (164,221 SF)
UPID US53-0404509

Cap rate & NOI

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

Location

609 Cross Link Rd Raleigh, NC 27610
Raleigh 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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