8.14 Acres Buffaloe

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8.14 Acres Buffaloe

Raleigh, NC 27616
Asking Price
$2.60M
Asset Type
Multifamily
Class
Class B

What's Special

Located at 8.14 Acres Buffaloe Road in Northeast Raleigh, this site is situated within a developing residential corridor. The property offers proximity to the diverse retail and dining options at the nearby Buffaloe Crossing shopping center. The location provides efficient access to the I-540 outer beltline and US-401, connecting residents to the Research Triangle Park and downtown Raleigh. The surrounding neighborhood is characterized by a mix of established suburban subdivisions and newer residential communities, supported by nearby recreational sites like the Buffaloe Road Aquatic Center. The site is suited for a medium-to-high density multifamily development, such as a garden-style apartment complex or a build-to-rent community. Given the proximity to major highway interchanges, the property appeals to a tenant profile comprised of professional commuters and young families seeking access to regional employment hubs. The location’s suburban character and nearby public amenities make it a functional choice for residents prioritizing a balance between neighborhood stability and urban connectivity.

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NOI
$80,000
Cap Rate
3.08%
DSCR
0.52
Underwater
Cash-on-Cash
-9.53%
Monthly Payment
$12,863.381
Annual Cash Flow
$-74,360.577

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