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6700 & 7022 Capital Boulevard
Raleigh, NC 27616
Asking Price
Contact for price
Asset Type
Commercial Land
Class
Class B
What's Special
Land | 130.24 acres <ul><li>130.24-Acre Zoned I-540 Adjacent North Raleigh Development Site</li><li>Favorable CX zoning allowing by-right development of residential and commercial</li><li>Adjacent to the I-540 (59,000 VPD)/Triangle Town Boulevard signalized intersection</li><li>Robust single-family residential sales averaging $553,000 within three miles (last 12 months)</li><li>Large site provides for a unique mix of product types</li><li>Immediate access to City of Raleigh water and sewer infrastructure</li>
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NOI
$80,000
Cap Rate
8.00%
DSCR
1.35
Strong
Cash-on-Cash
6.88%
Monthly Payment
$4,947.454
Annual Cash Flow
$20,630.547
