This run screened approximately 45 land and lot listings across Holly Springs, Wake Forest, Fuquay-Varina, Apex, Raleigh ITB, and Durham. One deal cleared at the GREAT level: a 31.67-acre entitlement opportunity on Cass Holt Road in Holly Springs — a 25% motivated price cut on Wake County RR land adjacent to the Town-approved 106-unit Cass Holt Crossing development, with confirmed sewer expansion coming to the corridor ($135M WRF bond, adopted long-range wastewater plan). Two additional deals were analyzed in full and graded PASS: the Edwards/Sunset Lake townhome site (Apex) is blocked by a sewer pump station at capacity with no timeline, and the Carroll Street infill lot (Wake Forest) has margins too thin at the $120K ask. No client-requested analyses were pending this run.
| # | Property · Strategy & project cost | List | Net | Margin | Max Offer | Grade |
|---|---|---|---|---|---|---|
| 1 | 7324 Cass Holt Rd, Holly Springs, NC 27540 · Entitlement + optional build-out — buy 31.67 ac at $23,675/ac before sewer arrives, rezone concurrent with Town sewer extension, sell 50 entitled lots to homebuilder $1M–$5M project | $750,000 | +$2,114,375 | 65.1% | $2,049,334 | GREAT |
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.
| # | Property · Strategy & project cost | List | Net | Margin | Max Offer | Grade |
|---|---|---|---|---|---|---|
| 2 | 4721 Edwards Dr / 4724 Sunset Lake Rd, Apex, NC 27539 · MR-designated townhome entitlement adjacent to Peterson Station mixed-use — BLOCKED: sewer pump station at capacity, no timeline; pro forma also below 20% margin at current ask $5M–$10M project | $500,000 | +$1,050,780 | 11.1% | $0 | PASS |
| 3 | 219 Carroll St, Wake Forest, NC 27587 · GR3 downtown infill build — city sewer/water confirmed, but margins are negative at $120K ask; MAO ~$11,850 $500K–$1M project | $120,000 | -$6,638 | -1.2% | $11,850 | PASS |
These were taken through a full pro forma and failed. They are kept so the reasoning is auditable, and so the same parcel is not re-worked next week.
Holly Springs recent sold comps (2026): 232 Lucky Ribbon Ln sold 1/9/2026 at $665,000 (2,602 SF · $255.57/SF); 516 Darter St sold 1/9/2026 at $620,000 (2,562 SF · $241.97/SF); 5309 Shoreline Ct sold 3/19/2026 at $675,000 (2,616 SF · $258.03/SF); 716 Bonhurst Dr sold 3/19/2026 at $552,500 (2,247 SF · $245.88/SF) — average $250.86/SF across four comps. New construction average per Redfin market data: $289/SF premium. Holly Springs median sold price $576K, median new construction listing $650K (Aug 2026). Wake Forest new construction range $197–$251/SF per Movoto/Redfin market data; 1721 Golden Honey Dr sold $499,700 (2,580 SF, $194/SF), 625 Ramo Grande Dr $437,840 (2,511 SF, $174/SF).
The single deal clearing today is a textbook Triangle entitlement play: buy cheap raw land at $23,675/acre in a confirmed growth corridor before the infrastructure arrives, then sell entitled subdivision land to a homebuilder at 3–4× basis. The Cass Holt Corridor has every signal — the Town approved the adjacent 106-unit Cass Holt Crossing, passed $135M in WRF expansion bonds, and formally mapped Cass Holt Road in its adopted long-range wastewater plan. The window is open now: 25% price cut after 185 DOM means the seller is negotiating. Recommended next step: commission a preliminary subdivision feasibility study ($3K–$5K) and call Holly Springs Engineering (919-557-3999) to confirm the parcel's position on the sewer extension schedule.