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    7608 Fayetteville Rd Raleigh, NC 27603
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    7608 Fayetteville Rd Raleigh, NC 27603

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    • Commercial land
    For Sale
    $4,797,000
    View Listing →
    Raleigh Land Parcel For Sale For Sale
    $4,797,000

    Raleigh Land Parcel For Sale

    Land parcel available for sale in Raleigh, North Carolina.

    7608 Fayetteville Rd, Raleigh, NC 27603
    View Listing
    Property ID
    US53-1993706
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 7608 Fayetteville Rd

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    For Sale. Gently to strongly sloping topography. +/-12.3 ac total: +/-7.6 ac usable land east of drains & +/-3 ac usable land west of drains. +/-18 additional ac (listed with 2 other firms) available south to Costco. Potential to purchase additional lands north also. Access to US 401: NCDOT has approved developer installed turn signals for a U-turn and left over only at Caddy Rd (for southbound 401 traffic) and a U-turn and left over only at an existing U-turn approximately 0.3 miles N of Caddy Rd (for northbound 401 traffic). Garner planning dept. informs that a 75’ public ROW boulevard running parallel with US 401 on the west side and connecting to the Bennett assemblage to the north and Costco parking lot road stub to the south will be how these parcels need to be developed. Bennett assemblage surveys are attached in the photos. Call for more info!

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.6966817
    Latitude
    35.6705661

    Comparable in this City

    • $2,400,000
      10.00 Acres

      Raleigh Land with Development Potential

      10-acre parcel suitable for residential, commercial, or special use.
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    • $4,797,000
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      Garner Land Parcel For Sale

      Land parcel available for sale in Garner, North Carolina.
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    • $1,800,000

      Glenwood South Development Opportunity

      Prime 0.26-acre site in Raleigh's vibrant Glenwood South district.
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    • $750,000
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      Raleigh Land Near Costco

      1.21 acre wooded lot near major intersection.
      7625 Fayetteville Rd, Raleigh, NC 27603
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      Prime Commercial Development Opportunity

      5-acre commercial land for sale at signalized intersection.
      4921 N Nc 42 Hwy, Raleigh, NC 27603
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    Similar Nearby for Sale

    • $2,400,000
      10.00 Acres

      Raleigh Land with Development Potential

      10-acre parcel suitable for residential, commercial, or special use.
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    • $4,797,000
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      Garner Land Parcel For Sale

      Land parcel available for sale in Garner, North Carolina.
      7530 Fayetteville Rd, Garner, NC 27603
      View Details
    • $1,800,000

      Glenwood South Development Opportunity

      Prime 0.26-acre site in Raleigh's vibrant Glenwood South district.
      407-411 North Boylan Ave, Raleigh, NC 27603
      View Details
    • $750,000
      1.21 Acres

      Raleigh Land Near Costco

      1.21 acre wooded lot near major intersection.
      7625 Fayetteville Rd, Raleigh, NC 27603
      View Details
    • Contact for pricing

      Prime Commercial Development Opportunity

      5-acre commercial land for sale at signalized intersection.
      4921 N Nc 42 Hwy, Raleigh, NC 27603
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land Near US 401 Intersection

      Two outparcel sites available near US 401/NC 540 intersection.
      7509 Fayetteville Rd, Raleigh, NC 27603
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    • $16 SF/Yr

      Industrial Flex Space For Rent

      21,520 SF industrial/flex building minutes from downtown Raleigh.
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      13,273 SF

      Downtown Raleigh Office Space Available

      13,273 SF office space for rent in downtown Raleigh.
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      Retail Space For Rent

      Retail space available for rent in Raleigh, North Carolina.
      122 Glenwood Ave, Raleigh, NC 27603
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    • $17 SF/Yr
      12,000 SF

      New Flex Space Available 2025

      New 6,000-12,000 SF flex space available Fall 2025.
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      9,593 SF

      Retail Space Near Dorothea Dix

      Retail space in Raleigh, near Downtown and Dorothea Dix Park.
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    7608 Fayetteville Rd
    Raleigh, NC 27603
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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