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    1500 River Mill Dr, Unit 309 Wake Forest, NC 27587

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    For Lease
    $1,800 /Mo

    Top floor, 3-bedroom condo near Neuse River headwaters.

    Property Features for 1500 River Mill Dr

    General Information

    Exterior features
    exterior_features, : ["Electricity Connected", "Sewer Connected", "Water Connected"]
    Interior features
    Interior Feature 1, : "Electric", "Interior Feature 2": "Heat Pump", "Interior Feature 3": "Central Air", "Interior Feature 4": "Built-In Electric Range", "Interior Feature 5": "Dishwasher", "Interior Feature 6": "Electric Oven", "Interior Feature 7": "Electric Water Heater", "Interior Feature 8": "Ice Maker", "Interior Feature 9": "Refrigerator", "Interior Feature 10": "Self Cleaning Oven", "Interior Feature 11": "Stainless Steel Appliance(s)"

    Building Details

    Year built
    1980

    Source: HRW Realty Corp. Agent HRW Realty Corp.

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

    Overview

    Historic River Mill Condo Rental

    This top-floor, 3-bedroom condo is located in the Historic River Mill community near the Neuse River headwaters and across from Falls Lake. The custom-designed kitchen features stainless steel appliances, leather-finished granite counters, glass-front lighted cabinets, soft-close drawers, recessed lighting, and vintage-style backsplash. Both full bathrooms include upgraded vanities and lighting. Large windows provide natural light, and high ceilings enhance the open-concept layout. Hardwood floors are present throughout the main level. The condo is situated within the 17-acre park-like grounds on the Neuse River, which includes a community garden, walking trails, kayaking, and canoeing. The main level bedroom can serve as an office or guest room. Spiral stairs lead to the two additional bedrooms and another full bath on the second floor. Water is included in the rent. Laundry rooms with free use of washers and dryers are available on each floor of the Mill building. A front load washer is included in this condo, but not warranted. The condo is located in Wake Forest, NC.
    Location Intelligence

    Current Use by Public Records

    Sharp Masonry Chimney ... Construction Company

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Nail Salon Building Supply Clothing Store Gym & Fitness Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Wake Forest
    County
    Wake
    State
    North Carolina
    Longitude
    -78.5785975
    Latitude
    35.941592

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    FAQs

    What type of property is this?
    Apartment building - Top floor, 3-bedroom condo near Neuse River headwaters.
    Where is this apartment building located?
    The property is located at 1500 River Mill Dr, Unit 309 Wake Forest, NC.
    What are key features of this property?
    This property features: - Top floor condo in a historic river mill building with park-like grounds on the Neuse River, offering walking trails, kayaking, and canoeing.; - Custom-designed kitchen with stainless steel appliances, leather-finished granite counters, glass-front lighted cabinets, soft-close drawers, recessed lighting, and vintage-style backsplash.; - Located near the Neuse River headwaters and across from Falls Lake.
    Request Owner's contact information
    1500 River Mill Dr, Unit 309 Wake Forest, NC 27587
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    Realmo Value Estimation

    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.

    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.

    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
    1500 River Mill Dr, Unit 309 Wake Forest, NC 27587
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