1904 S Main Street, Wake Forest, NC 27587

Building Details

Building Size 7,200 SF More

Year Built 2001 More

Properties For Sale

at 1904 S Main Street

Suite 114

Size 2,093 SF

Type Medical Office Condo

Term Negotiable

Contact us

Listing Agency: Tri Properties

Listed By: Lee Bishop Show Phone

Source: Naiglobal

Added: Nov 22, 2025 Changed: Aug 8 Last Checked: Aug 8 at 4:56AM

Report an Issue

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 Tri Properties

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

Office space is available for sale in a rapidly developing corridor, situated less than 3 miles from Downtown Wake Forest and less than 1 mile from US-1, offering excellent visibility and convenient commuting options. The property features two suites: Suite 114, which offers 2,093 RSF of medical office space, and Suite 116, which provides 1,507 RSF of general office space. Suite 114 includes a reception area, 7 offices or exam rooms, 2 bathrooms, and a sanitation area. Suite 116 features a reception area, a large common area, 8 offices, a break room, and 1 bathroom. The parking ratio is 3.23/1,000 SF. The property's total size is 7,200 square feet.

Key Highlights

• Excellent visibility in a rapidly developing corridor.
• Convenient location: under 3 miles from Downtown Wake Forest and less than 1 mile from US‑1.
• Two suite options available: 2,093 RSF medical office suite and 1,507 RSF office suite.

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$100,087

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,001,740 $2.0M

Cap Rate 7%

$1,429,814 $1.4M

Cap Rate 9%

$1,112,078 $1.1M

What to ask about pricing

Market Conditions

NOI Build-Up for 7,200 SF

Gross rent

$185.8K $25.80/SF

− Vacancy

−$18.9K −$2.63/SF

EGI

$166.8K $23.17/SF

− OpEx

−$66.7K −$9.27/SF

NOI

$100.1K $13.90/SF

Area

Wake County, NC

Vacancy

10.20%

Lease Rate

$25.80 /SF/Yr

Expense Ratio

40.00%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,001,740

Cap Rate 7%

$1,429,814

Cap Rate 9%

$1,112,078

Alternative Uses

Best Use

Office B

$1.52M

$1.33M – $1.77M (±1% cap)

NOI $106,210 @ 7.0% cap · market cap 451,957.45%

Second Best

Healthcare Medical

$1.43M

$1.25M – $1.67M (±1% cap)

NOI $100,087 @ 7.0% cap · market cap 425,902.13%

Theoretical Best

Retail

$1.83M

$1.60M – $2.13M (±1% cap)

NOI $127,752 @ 7.0% cap · market cap 543,625.53%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Carolina Dental Consultants Dental Office Norman Goldbach, MD Physician Kevin Khoudary Physician Dr. Joseph Neighbors Physician Dr. Andrew Chang Physician

Suggested Use

Top Pick Storage Facility Parking Lot & Garage HVAC Service Electrical Service Kitchen & Bath Showroom Garden Center

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,406

Businesses Nearby

Well-served

Demand for This Use

Explore this area Business Placement

Demographics for 27587, NC

76,647

Population

30,571

Households

2.5

Avg Household Size

40

Median Age

56%

College-Educated

96%

High-School Grad

105.1 sq mi

ZIP Area

729

Density / Sq Mi

$125,607

Median Household Income

$59,006

Median Earnings

$1,415

Median Rent

$452,400

Median Home Value

Market

Average Price Trend$/SF for Medical Office Space in Wake County, NC

$328 Jul

$315 Aug

$313 Sep

$265 Oct

Properties on Market for Medical Office Space in Wake County

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Similar For Sale Nearby

See more

Duplex with Two Unit Mix

519 E Walnut Ave, Wake Forest, NC 27587

$299,900

1,912 SF

View details

Multi-Parcel Land Site

350, 416 & 418 Jones Dairy Road, Wake Forest, NC 27587

Contact for pricing

5.61 Acres

View details

Wake Forest Shopping Center Retail

11216 Capital Blvd, Wake Forest, NC 27587

Contact for pricing

View details

Community Shopping Center For Sale

12536 Capital Blvd, Wake Forest, NC 27529

Contact for pricing

View details

Similar Off Market Nearby

• Matthew Wendelken — 2160 S Main St, Wake Forest, NC 27587
• Amy Fisschlein, DVM — 2160 S Main St, Wake Forest, NC 27587
• Amy Fischlein - North Wake Animal Hospital — 2160 S Main St, Wake Forest, NC 27587
• North Wake Animal Hospital — 2160 S Main St, Wake Forest, NC 27587
• Charles Geneczko - North Wake Animal Hospital — 2160 S Main St, Wake Forest, NC 27587

Frequently Asked Questions

What type of property is this?

Medical Office Space - Office space for sale in rapidly developing Wake Forest corridor.

Where is this medical office space located?

The property is located at 1904 S Main Street Wake Forest, NC.

What are key features of this property?

This property features: Excellent visibility in a rapidly developing corridor.; Convenient location: under 3 miles from Downtown Wake Forest and less than 1 mile from US‑1.; Two suite options available: **2,093 RSF medical office suite and 1,507 RSF office suite.**