Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    12255 Capital Boulevard Wake Forest, NC 27587

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Retail spaces available in Wake Forest, North Carolina.

    Type:Retail
    Property size:
    116,341 SF
    Added:
    Nov 26, 2025
    Days on Market:
    125
    Last Refresh:
    Mar 29 at 9:43 pm

    Property Features for 12255 Capital Boulevard

    General Information

    Standard status
    Active
    Size
    116,341 SF
    Property subtype
    Retail

    Building Details

    Year Built
    1985

    Properties For Sale

    at 12255 Capital Boulevard Contact us

    We can help!

    Listing Contact
    Jenn Olevitch-Roberson
    Jenn Olevitch-Roberson

    Listing agent Jenn Olevitch-Roberson

    Listing office Lee & Associates | Raleigh

    Listing date Nov 26, 2025

    Source Lee-associates

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates | Raleigh

    Overview

    Wake Forest Retail Opportunity

    Located at the intersection of Capital Boulevard and Durham Road/98 in Wake Forest, North Carolina, this property is anchored by ACE Hardware and Big Lots. Adjoining outparcels are occupied by BP, Burger King, Dairy Queen, and Goodwill. The property has entrances on both Capital Boulevard and Durham Road/Bus Hwy 98. Available spaces include Suite P, a 1,200-square-foot second-generation restaurant space, and Suite X, a 3,322-square-foot second-generation restaurant space. The property is suitable for shopping centers, retail properties, and restaurants.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    • Coinstar Kiosk | Bitcoin ATM — Harris Teeter, 13686 Capital Blvd, Wake Forest, NC 27587

    Location Insight

    • Map
    • Local Demand
    City
    Wake Forest
    County
    Wake
    State
    North Carolina
    Longitude
    -78.541
    Latitude
    35.9809

    Nearby Similar for Sale

    • $750,000
      1,482 SF

      Wake Forest Commercial Property

      Commercial property in the heart of Wake Forest.
      306 Wait Avenue, Wake Forest, NC 27587
      View Details
    • $465,000
      2,750 SF

      Wake Forest Duplex Investment Opportunity

      Two fully rented duplexes near downtown Wake Forest.
      417 Pearce Avenue, Wake Forest, NC 27587
      View Details
    • $1,350,000
      23,438 SF

      Wake Forest Senior Housing Opportunity

      2.74-acre site approved for 31 senior apartment units.
      306 S Allen Road, Wake Forest, NC 27587
      View Details
    • $1,400,000
      7,440 SF

      Downtown Wake Forest Historic Building

      Historic, fully leased building in downtown Wake Forest.
      210 & 212 White Street, Wake Forest, NC 27587
      View Details
    • $1,500,000
      23,438 SF

      Wake Forest Development Opportunity

      2.75 acres with approved site plan for 31 apartments.
      306 S Allen Road, Wake Forest, NC 27587
      View Details
    • $620,000
      2,093 SF

      Medical Office Space For Sale

      Medical office space in a rapidly developing area.
      1904 s Main Street, Wake Forest, NC 27587
      View Details
    • $750,000
      1,482 SF

      Wake Forest Commercial Property

      Commercial property in downtown Wake Forest suitable for redevelopment.
      306 Wait, Wake Forest, NC 27587
      View Details
    • Contact for pricing

      Community Shopping Center For Sale

      203,006 SF shopping center at a high-traffic intersection.
      12536 Capital Blvd, Wake Forest, NC 27529
      View Details
    • $359,900
      1,820 SF

      Luxury Townhome Backing to Greenway

      End-unit townhome with greenway access in Wake Forest neighborhood.
      1328 Bessie Court, Wake Forest, NC 27587
      View Details

    FAQs

    What type of property is this?
    Shopping center - Retail spaces available in Wake Forest, North Carolina.
    Where is this shopping center located?
    The property is located at 12255 Capital Boulevard Wake Forest, NC.
    What are key features of this property?
    This property features: Located at the intersection of Capital Boulevard and Durham Road/Hwy 98 in Wake Forest, NC.; Anchored by ACE Hardware and Big Lots.; **Two 2nd Generation restaurant spaces available:** 1,200 SF and 3,322 SF.
    (919) 576-2517
    We can help!
    Listing Contact
    Jenn Olevitch-Roberson
    Jenn Olevitch-Roberson
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!