6709 Wimberly Road
About This Property
Ideally located just minutes from downtown Angier while still benefiting from a Wake County location, this tract is positioned in an area experiencing significant growth. The Town of Angier has been actively annexing and rezoning nearby properties to R10, creating strong potential for future residential development. Buyer would need to pursue rezoning if desired. County water is available, and the property is expected to have access to Town of Angier sewer connections. There is a mobile home on the property that will be removed and also an old barn/shed that is dilapidated. With R10 zoning potential, the site could accommodate approximately 45 homes, making it an excellent opportunity for builders, developers, or investors seeking a prime residential project in a rapidly expanding corridor.
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What does this mean?
Based on our analysis, the cap rate of this property is 1.25%. A negative cap rate indicates that the property might not be feasible as an income-producing asset. The median cap rate for a near zip code 11238 is 4.23%.
How much can I actually make?
Actual monthly rental income may vary between $4,760 and $7,140 depending on unit-specific characteristics. You can change the amount using the slider to further explore.
How is cap rate calculated?
Cap Rate = Net Operating Income (NOI) / Property Asset Value.
When calculating the cap rate, we assume 100% occupancy. Leverage (mortgage) is not considered.
Cap Rate provided by RealtyHop and RentHop, learn more about cap rate here.
Price History
| Date / Event | Date | Event | Price |
|---|---|---|---|
| Jul 17, 2026 | In contract | - | |
| In contract | |||
| May 7, 2026 | Listed by Long & Foster Real Estate INC/Brier Creek | $1,750,000 | |
| Listed by Long & Foster Real Estate INC/Brier Creek | |||
| Dec 10, 2024 | Listed | $1,900,000 | |
| Listed | |||
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+/- 19 Acres in Willow Springs! Great Opportunity for Development. Zoned R-30. County Water Available. Sewer Nearby. 4 Tracts being Sold as Package. Small Portion of Larger Tract is in Harnett County. Portion of Pond is Included. Outside the City Limits. 2 Homesites being Used as Rentals. Prime Location!
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017