No client requests were pending this run. Scanning Wake Forest, Holly Springs, Fuquay-Varina, Apex, Durham, and Chapel Hill — approximately 42 active land listings reviewed — we surface two development-ready townhome sites in Durham with existing municipal approvals and confirmed public water/sewer, plus a motivated-seller infill lot in downtown Wake Forest with city utilities already on site. Both Durham deals are notable because the hardest, most time-consuming phase of townhome development — zoning, plan approval, and site design — is already completed by the current owner.
| # | Property · Strategy & project cost | List | Net | Margin | Max Offer | Grade |
|---|---|---|---|---|---|---|
| 1 | 5202 Garrett Rd, Durham, NC 27707 · Buy land + build 6 new townhomes near Duke/UNC — site-plan approved, SW Durham $1M–$5M project | $400,000 | +$598,176 | 19.2% | $374,682 | GOOD |
| 2 | 7403 Leesville Rd, Durham, NC 27703 · Buy land + build 8 new townhomes near RDU/RTP — final approval stage, plans ready $1M–$5M project | $449,900 | +$580,930 | 15.4% | $282,184 | GOOD |
| 3 | 0 Carroll St, Wake Forest, NC 27587 · Build-own infill: custom home on city-sewer GR3 lot, downtown Wake Forest — 270+ DOM $500K–$1M project | $120,000 | +$87,777 | 12.1% | $63,310 | 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.
ARV anchors used: Durham 27707 (SW, near Duke) median $/SF $273, up 9.4% YoY (Zillow/Redfin 2026); one 2026 new construction in 27707 closed at $724,999 for 2,400 SF ($302/SF). Durham overall average sale: $487,396 (Steadily 2026). South Wake benchmarks: 105 Duck Branch Dr (Holly Springs) sold $1,200,000 / 4,122 SF = $291/SF; 240 Sour Mash Ct $675,000 / 2,371 SF = $285/SF (hollyspringsupdate.com, July 2026). Wake Forest new construction median list: $709K (RaleighRealty 2026). Apex median: $609,995 at $244/SF overall (Redfin Aug 2026). New construction commands a 15–20% premium above median $/SF in all target markets. Note: both Durham townhome deals use an attached-housing site/infra adjustment ($35K/unit vs. the standard $65K/unit for detached SFH), reflecting shared walls, shared utility connections, and shared site prep typical of attached development.
Two shovel-ready Durham townhome sites — one in the Duke/UNC orbit (27707) and one near RDU/RTP (Carpenter-Fletcher, 27703) — offer the rarest thing in development: pre-approved plans that skip 6–12 months of entitlement risk. Both carry public sewer. The Wake Forest Carroll St lot is a build-own lead: city sewer + $120K ask + 270 DOM = real negotiating leverage for a buyer who wants a custom home near downtown Wake Forest. Recommended first step: tour 5202 Garrett Rd (SW Durham, smaller capital, Duke premium market, approval in hand), verify tap fees, and submit below $375K.