7316 Knightdale BlvdKnightdale, NC 27545

Property Details for 7316 Knightdale Blvd

Year built

2000

Construction

BRICK

Lot size

15.56 AC

Property size (Sq ft)

135,599 SF

Zone code

HB

Property type

Retail space

APN

1754.10-35-0345 0282579

APU

1754103503450282579

Description

This exceptional 12.15-acre commercial land parcel presents a remarkable investment opportunity in the thriving Knightdale, North Carolina market. Situated at 7316 Knightdale Boulevard, this property boasts convenient access to major thoroughfares, ensuring high visibility and easy accessibility for businesses. The expansive lot size offers significant development potential, catering to a wide range of commercial ventures. Located in Wake County, zip code 27545, the property's strategic location within Knightdale provides proximity to a growing population and established infrastructure. With its substantial acreage and prime location, this land parcel is ideally suited for a variety of commercial developments, from retail centers and office buildings to light industrial facilities. The property's address is clearly visible from Knightdale Boulevard, offering excellent exposure for any future development. The latitude and longitude coordinates are 35.7969749 and -78.4840741 respectively. This is a rare opportunity to acquire a significant land holding in a rapidly expanding area. The property is currently listed for sale and offers significant potential for future growth and return on investment. Additional information regarding zoning and development possibilities is readily available upon request. Don't miss this chance to secure a prime piece of commercial real estate in Knightdale. The property is conveniently located near the intersection of Knightdale Boulevard and an adjacent road, providing excellent access and visibility. The 20,500 square foot area on Knightdale Boulevard offers significant potential for development.

• CAP approach

  CAP return

  Valuation

  6%

  $39,890,500

  6.5%

  $36,822,000

  7%

  $34,191,900

• Comparable approach

  Method

  Valuation

  Relative Method

  $37,331,800

  Geo Method

  $32,370,400

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $74,344,100

  Mixed-Use / Specialty

  $35,665,300

  Hospitality / Lodging

  $24,831,400

  Office

  $34,385,400

  Institutional / Educational

  $36,711,100

  Residential Income

  $42,951,900

  Multifamily

  $57,199,000

  Automotive / Energy

  $31,466,600

  Parking / Income-Based Land

  $11,871,900

  Restaurant / Food Service

  $16,361,400

  Healthcare / Senior Housing

  $37,625,700

Location Insight

City

Knightdale

County

Wake

State

North Carolina

Latitude

35.7969

Longitude

-78.4838

CBSA code

39580

CBSA name

RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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