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    OFF-MARKET
    Commercial real estate

    752 John Winstead Rd, Centerville, NC 27549

    203.64 ac lot
    Property ID
    US53-1078844
    Property summary
    AI-generated overview

    This exceptional 203.64-acre tract of land presents a remarkable opportunity for residential development in southern Franklin County, North Carolina. Located at the corner of Strickland Road and John Winstead Road, in Louisburg (zip code 27549), this property boasts a prime location with convenient access to local amenities. Preliminary conceptual plans indicate the potential for over 160 single-family residential lots. The property is comprised of two parcels, Franklin County PINs 2800-31-2965 and 2800-23-6648. The land is serviced by a community well and individual septic systems are planned. Two pricing options are available: $35,000 per lot for the entitled project or $120,000 per lot for finished lots. This presents a unique opportunity for developers seeking to capitalize on the growing demand for residential properties in this desirable area. The property's size and location make it an attractive investment for those seeking to create a thriving residential community. Detailed plans and further information are available upon request.

    Property profile
    Verified
    Property type Commercial real estate
    Lot 203.64 ac (8,870,558 SF)
    UPID US53-1078844
    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
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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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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