No client-requested analyses this run. Scan covered Wake Forest, Apex, Holly Springs, Fuquay-Varina, Chapel Hill/Carrboro, Pittsboro, and Raleigh ITB. Most land in these markets is either overpriced for the density allowed, lacks public sewer, or is in floodplain. Two deals survived the screen: a 24-acre Chapel Hill/Carrboro assemblage with public sewer that works for a 14-lot custom-home subdivision at 1-acre minimum RR zoning — and carries meaningful entitlement upside if Carrboro allows higher density under its UDO rewrite — and a shovel-ready downtown Fuquay-Varina duplex lot that has dropped 40% (from $200K to $120K) and has approved plans and all utilities in place.
| # | Property · Strategy & project cost | List | Net | Margin | Max Offer | Grade |
|---|---|---|---|---|---|---|
| 1 | 1511/1525 Tallyho Trail, Chapel Hill, NC 27516 · Buy 24-ac assemblage · subdivide into 14 lots · build 14 custom homes + rezone/entitlement upside $10M–$15M project | $2,550,000 | +$3,349,042 | 21.5% margin · 97.4% cash-on-cash | $2,767,402 | GOOD |
| 2 | 498 Longfellow St, Fuquay-Varina, NC 27526 · Buy shovel-ready duplex lot (40% price cut) · build 2-unit attached · sell or hold $500K–$1M project | $120,000 | +$142,595 | 19.8% margin · 97.2% cash-on-cash | $97,249 | MARGINAL |
Project cost is the whole job — land, carry, build and financing, everything except selling. Click any property for its full deep-dive. Figures are model outputs on best-effort public listing data — re-verify each listing is active and clear the go/no-go gates before acting.
Tallyho Trail ARV support: adjacent Fox Meadow homes in the Carrboro/Chapel Hill sub-market (same street, 1003 Tallyho Trail) sold 3/27/2026 for $725,000 / 2,461 SF = $294.60/SF; 8107 Kit Lane, Chapel Hill sold 11/5/2024 for $708,800 / 2,287 SF = $309.90/SF; Fox Meadow area sold 5/2025 for $578,000 / 1,820 SF = $317.58/SF. New custom 3,000 SF homes on 1-acre lots modeled at $370/SF ($1.11M/home); break-even for 20% investor margin is $362/SF — a 16% premium over recent existing-home comps, typical for new construction quality. Confirm against new construction sold comps before offer. Fuquay-Varina comps: 812 Shiloh Hills Dr sold 5/2026 for $990K / 3,754 SF = $263.55/SF (detached SF); 3812 Fairway View Dr sold $810K / 3,109 SF = $260.54/SF. Duplex modeled at $300/SF (downtown TCR-zoned premium over suburban detached); requires confirmation of attached/condo comps in FV town center.
Both deals share a common thread: properties that have sat with motivated sellers, now priced close to or below what the fundamentals support. The Tallyho Trail assemblage is the priority — 24 acres of the last buildable private land adjacent to an established Chapel Hill neighborhood, with a public sewer main already traversing the site. At $2,550,000 the ask is $217,000 below the MAO for a 14-lot build-out at the $370/SF ARV target, and Carrboro's Winter 2026 UDO rewrite is a real catalyst for higher-density rezoning that could transform the deal. Recommended next step: (1) pull the Wake/Orange County GIS parcel data and FEMA map to confirm buildable area and flood exposure; (2) contact Carrboro Planning to gauge UDO rezone appetite with public sewer in place; (3) get a site visit and soil/topo assessment before offer. The Fuquay-Varina duplex lot warrants a low offer ($95K–$97K to clear 20% at $300/SF) given the uncertainty on attached housing comps in that corridor.