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Property profile & analytics
FOR SALE
Mixed-use properties

904 Old Knight Rd Knightdale, NC 27545

5 SF 5.47 ac lot Built 1955
Property ID
US53-1393237
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Mixed-use properties
Year built 1955
Total area 5 SF
Lot 5.47 ac (238,273 SF)
UPID US53-1393237
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
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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