904 Old Knight Rd Knightdale, NC 27545
This exceptional 5-acre mixed-use property, located at 904 Old Knight Road in Knightdale, NC, presents a unique investment opportunity. Zoned Neighborhood Mixed Use (NMX), this strategically positioned lot boasts significant development potential. The property's location benefits from its proximity to several new residential communities currently under development or in the planning stages, totaling over 1,700 new homes within a one-mile radius. This ensures a robust and growing customer base for any future development. High traffic counts further enhance the property's appeal, with 7,400 AADT on Old Knight Road and 24,000 AADT on nearby US 64 Business. All essential utilities are readily available, including water, sewer, natural gas, and electricity. The property's zoning allows for a variety of uses, as detailed in Chapter 3 of the Knightdale UDO and its accompanying matrices. This comprehensive zoning information provides a clear understanding of permitted uses within the NMX district, facilitating efficient planning and development. The asking price is $1,250,000. This 5,000 square foot lot offers a compelling investment prospect for developers seeking to capitalize on the rapid growth and high traffic volume in this thriving area of Knightdale.
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
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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.