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Triangle NC — 3 Opportunities: ITB Build + 2 Subdivision Plays

Oct 2 2026 — 1 GREAT cleared ITB lot (public sewer), 2 GOOD subdivision/entitlement plays with public sewer in Cary & Holly Springs
Scan date
2026-10-02
Screened
~35
Cleared
3 of ~35
Build cost
$111/SF

Three vetted opportunities from the October 2, 2026 scan. No client-queued requests this run — all leads from active scanning across Coldwell Banker, Carusohomes/Triangle MLS, Homes.com, LandSearch, and multiple broker portals. Lead is a cleared 0.26-acre R-6 lot in Raleigh's Budleigh neighborhood (ITB) at $479k with confirmed public sewer — Budleigh East new construction is running $545–575/SF in 2025–2026. Supporting plays: a 6.97-acre 15-lot subdivision in Town of Cary jurisdiction (Apex address, near Veridea) with municipal utilities, and a 12.43-acre MXR-zoned parcel in Holly Springs with public water+sewer available near I-540 — both entitlement/lot-sale strategies deliver 20%+ margin.

Ranked Opportunities
#Property · Strategy & project cost ListNetMarginMax OfferGrade
1 107 Edenburgh Rd, Raleigh 27608 · Buy cleared ITB lot + build 3,000 SF new custom home in premium Budleigh neighborhood $1M–$5M project $479,000 +$363,649 24.2% $541,401 GREAT
2 8400 Henderson Rd, Apex 27539 · Buy + entitle 15-lot subdivision in Town of Cary jurisdiction; sell approved lots to production builders (primary) or build all 15 homes (upside) $1M–$5M project $2,000,000 +$925,354 21.3% $2,053,000 GOOD
3 4830 Optimist Farm Rd, Holly Springs 27540 · Buy 12.43-ac MXR-zoned tract near I-540 + entitle + sell 25 lots to production builders $1M–$5M project $750,000 +$661,702 21.2% $786,000 GOOD

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.

Market Comps Behind the ARVs

Raleigh ITB (Budleigh): 2025–2026 Budleigh East new construction — 2622 Tidwell St $1,659,000/2,888 SF = $575/SF; 2608 Tidwell St $1,575,000/2,888 SF = $545/SF; 2623 Marchmont St $1,995,000/4,164 SF = $479/SF (Compass Raleigh, 2025 builds). Model uses $500/SF conservative. Cary lot values: Cary median closed $630,000 (Nov 2025, Triangle MLS, 4,218 closings); new construction premium over median supports $260–310/SF for spec builds. Town of Cary jurisdiction + Veridea proximity supports $280–300/lot buyer demand from production builders. Holly Springs: median new-home listing ~$500–600k in 27540; production builders routinely pay $125–175k for approved townhome lots in this corridor. All comps real, cited by address; Home On re-verifies before any offer.

What Ties the Winners Together

All three winners share the same thread: confirmed or pending public sewer, density-permissive zoning, and land priced below the entitlement ceiling. The ITB Budleigh lot is the cleanest deal on the board — $479k cleared land in a market selling $545–575/SF new construction is a pure spread play; submit a clean offer this week. The two subdivision plays reward patient capital: Cary jurisdiction near Veridea for the 15-lot play, and Holly Springs near I-540 for the 12.43-acre MXR tract (verify listing status — data is 10 months old). Next step: tour 107 Edenburgh Rd immediately and confirm no deed restrictions via Wake County GIS + title search before offering at or near MAO of $541,401.

Deal Scout · 2026-10-02 Home On LLC · NC GC L-103184Confidential — Home On LLC