Listing Contact
Peter Majeski
Details
This 14.22-acre property is fully designed for multifamily residential development and primed for a seamless path to construction.
Introducing Lake Boone Trail
With a 14.22-acre site and flexible development options, Lake Boone Trail is a high-growth asset in one of the nation’s best-performing real estate markets. Secure this early-stage project and capitalize on Raleigh’s expanding demand and long-term investment potential.
Our team can provide detailed financial projections, market data, and support to help you evaluate this land sale opportunity in what is arguably the best market in the US.
This $2 million land sale is ideal for a developer who is seeking a special opportunity to shape a community.
Who Should Inquire?
Creative Developers looking for a signature project
$2,000,000
Asking Price
Property Highlights
Fully Designed
This project is fully designed for 125 Planned Townhomes OR 260 Apartments, with architectural plans in place and a clear path forward while meeting city requirements and maximizing ROI.
Extensive Studies
De-risked with comprehensive studies completed— flood studies, civil
engineering analysis, and environmental evaluations to ensure smooth development.
Incredible Location
Lake Boone is ideally positioned to leverage Raleigh’s rapid expansion, with the city ranked #1 Best Performing Large City in the U.S. for 2025 (Milken).
Deck
FAQ Document
Webinar Replay
Lake Boone: Backed by Mission 10K’s Data-Driven Market Analysis
We leverage extensive market research to identify high-growth, low-risk investment opportunities in secondary and tertiary markets that maximize profitability and efficiency. Our strategy ensures Lake Boone is positioned in a top-tier location with strong fundamentals and scalable potential.
States
Pro-development growth states with lower property taxes
Metros
Location
Construction Cost
Insurance Cost
Lease-up
Only markets with enough demand for quick lease up
North Carolina: State Accolades
#2 Top State for Business (CNBC, 2024)
#2 Best Business Climate in U.S. (Business Facilities, 2024)
#2 Best Workforce in U.S. (CNBC, 2024)
#3 Fastest Growing State (U.S. Census Bureau, 2023)
#3 Highest Job Growth (US News & World Report, 2024)
Raleigh-Durham-Cary MSA: Top Rankings
#1 Best Performing Large City (Milken Institute, 2025)
#1 Best City to Move to in 2024 (moveBuddha, 2024)
#1 Best City for High Quality of Life (Yahoo! Finance, 2024)
#2 Best Business Climate in U.S. (Business Facilities, 2024)
#2 Best City for Remote Workers (Yahoo! Life, 2024)
Raleigh Multifamily Boom: Rising Demand, New Supply, and Strong Growth Ahead!
7.4%
Current vacancy rate, maintaining stability despite new supply
28,000
Net new jobs added in the past year, fueling renter demand
14,500
New units expected to come online by year-end to meet surging absorption
With Raleigh’s job market expanding and renter demand hitting a 20-year high, the Lake Boone development is perfectly positioned to capitalize on the city’s sustained multifamily growth!
Wake County: Major Employers
Wake County is a powerhouse economy in the Southeast, boasting a diverse range of industries that fuel the region’s growth. Healthcare, education, and technology are major players, with heavyweights like Duke University and Health System, WakeMed Health & Hospitals, and SAS Institute contributing significantly to the employment landscape.
Research Triangle Park, a world-renowned center for innovation, attracts global leaders in technology and biosciences, further solidifying the region’s commitment to a future-focused economy. This strategic approach, coupled with a strong educational infrastructure, continues to draw in major employers like IBM, Fidelity Investments, and Lenovo, ensuring a thriving and diverse job market for residents.
Micro Neighborhood: Lake Boone Community
The Lake Boone area boasts exceptional growth metrics, making it a prime investment location with:
18% income growth over the last two years
10.7% job growth, ranking among the fastest-growing regions in the U.S.
50.2% projected home value appreciation from Q3 2024 to Q3 2027
276,000 high-paying jobs within a 30-minute commute
Optional Construction & Project Management
Working with Elevation Development is optional but highly recommended for buyers who are not experienced developers.
Our services streamline the process and maximize project efficiency. They are designed to save you time, cut costs, and ensure efficiency.
Experienced developers may choose to use your own development resources and manage the process independently.
Builder Selection & Coordination
Value Engineering
Quote and Bid Management
Budget and Timeline Tracking
Quality Control and Compliance
Site Visits and Progress Monitoring
Optional : High Velocity Leasing & Marketing
Elevation Development leasing and marketing services are optional but designed to save time, cut costs, and ensure efficiency.
Lead Management & Tenant Screening
On-Site & Virtual Tours
Incentives & Lease-up Promotions
Market Research & Analysis
Website & Digital Presence Setup
Multi-channel Marketing
The Mission 10K Management Team
Neal Bawa
Chief Executive Officer
Anna Myers
Chief Operating Officer
Daniel Kaufman
VP of Development
The information contained in the described materials (“the information”) is presented for illustrative and educational purposes only. It is not presented nor should it be treated as real estate advice, legal advice, investment advice, or tax advice. We advise all parties to do their own research and obtain independent financial, legal and professional advice before making any investment and business decisions. Your personal individual financial circumstances must be taken into account before you make any investment decision. Elevation Development, its directors, office holders, presenter(s), its authorized distributors, promoters and licensees, their employees and speakers do not guarantee your past, present or future investment results whether based on this information or otherwise. The information supplied is always subject to alteration without notice. All parties must only rely upon the contents of any legal agreements, formal disclosure statements and their own research and enquiries in relation to any property to be acquired and/or contracts entered into.