Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Medical Office Space For Sale Title is generated by Realmo AI

    1904 s Main Street, Wake Forest, NC 27587

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Medical office space in a rapidly developing area.

    Type:Office
    Property size:
    2,093 SF
    Price / SF:
    $296/SF
    Added:
    Mar 3, 2026
    Days on Market:
    70
    Last Refresh:
    Mar 16 at 2:12 pm

    Property Features for 1904 s Main Street

    General Information

    Standard status
    Active
    Size
    2,093 SF
    Property subtype
    Office

    We can help!

    Listing Contact
    Lee Bishop

    Listing agent Lee Bishop License #349401

    Listing office NAI Tri Properties

    Listing date Mar 3, 2026

    Source Crexi

    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 NAI Tri Properties

    HighLights

    • Fully built out medical office space
    • Located in a rapidly developing corridor
    • Excellent visibility
    • Convenient location: under 3 miles from Downtown Wake Forest
    • Easy commuting options: less than 1 mile from US‑1 (Capital Boulevard)
    • Close to a variety of amenities

    Overview

    This is a fully built-out medical office space available for sale. The property is situated in a rapidly developing corridor, offering convenient access to various amenities. It is located less than 3 miles from Downtown Wake Forest and less than 1 mile from US-1 (Capital Boulevard), providing excellent visibility and easy commuting options. The property size is 2093 square feet.
    Location Intelligence

    Current Use by Public Records

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

    Suggested Use

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

    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
    -78.5297946
    Latitude
    35.9511073

    Nearby Similar for Sale

    • $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
    • $274,900
      1,559 SF

      Unique Duplex in Wake Forest

      Two-bedroom duplex with modern updates and convenient location.
      411 W Oak Avenue, 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
    • Contact for pricing
      116,341 SF

      Wake Forest Retail Opportunity

      Retail spaces available in Wake Forest, North Carolina.
      12255 Capital Boulevard, 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
    • $1,400,000
      7,440 SF

      Downtown Wake Forest Retail Property

      Historic, fully leased commercial building in downtown Wake Forest.
      210 & 212 White Street, Wake Forest, NC 27587
      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?
    Medical Office Space - Medical office space in a rapidly developing area.
    Where is this medical office space located?
    The property is located at 1904 s Main Street Wake Forest, NC.
    What is the asking price?
    The asking price for this property is $620,000.
    What are key features of this property?
    This property features: Fully built out medical office space; Located in a rapidly developing corridor; Excellent visibility
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Lee Bishop
    Real Estate License ID: 349401
    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

    Thank You for Inquiry
    1904 s Main Street, Wake Forest, NC 27587
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!