9324 Ransdell Road
About This Property
Discover this unique residential-agriculture zoned property offering two cleared and graded lots being sold together as one unit. With a combined 75 feet of road frontage, the land provides both privacy and convenience.
The property is semi-fenced and already equipped with a well, electricity, and a large carport that conveys with the sale. While there is currently no functioning septic system, a home and septic previously existed on the property. Recent well water test results and plat map are available in the documents section.
Enjoy a prime location close to Wake Tech Community College, with easy access to NC-540, downtown Raleigh, and Fuquay-Varina. Whether you're looking to build your dream home, create a small homestead, or invest in future possibilities, this property offers exceptional potential.
The Trailer on site is NOT part of the sale.
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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 |
|---|---|---|---|
| Oct 24, 2025 | Sold | ||
| Sold | |||
| Sep 3, 2025 | In contract | - | |
| In contract | |||
| Aug 28, 2025 | Listed by Coldwell Banker Advantage | $160,000 | |
| Listed by Coldwell Banker Advantage | |||
| Jul 7, 2021 | Sold | ||
| Sold | |||
| May 1, 2021 | Listed by Coldwell Banker Advantage | $129,000 | |
| Listed by Coldwell Banker Advantage | |||
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About Wake
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Phone: 425-283-2930
Address: 335 Madison Avenue, New York, NY 10017