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Investment Highlights

  • Current concept sketch shows potential for 200-unit podium development
  • Strong demand for new residential development in Raleigh
  • Close proximity to NC State University

Executive Summary

CBRE is pleased to present Stokley Reserve, a ±6.6792-acre multifamily development opportunity strategically located off the Gorman Street exit of Interstate 40 in the highly desirable Southern Wake County submarket.

Property Facts

Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Residential
Proposed Use
Multifamily
  • Apartment Units
Total Lot Size 6.50 AC
Zoning NMX-7-PK-CU, R-10, IX-3

1 Lot Available

Lot

Lot Size 6.50 AC
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
20/100
Fairly bikeable
50/100

Property Taxes

Property Taxes

Parcel Number
0782.08-87-8607-000
Land Assessment
$1,166,713
Improvements Assessment
$0
Total Assessment
$1,166,713
  • Listing ID: 39958370

  • Date on Market: 3/30/2026

  • Last Updated:

  • Address: 3712 Tryon Rd, Raleigh, NC 27606

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