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    Wendell Blvd Wendell, NC 27591

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    Contact for pricing

    Prime retail land, Wendell, NC.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    Exceptional retail investment opportunity in Wendell, NC's thriving Wendell Commerce Center. These outparcels, ranging from 1.78 to 2.28 acres, are priced at $1,000,000 per acre and are available for sale or lease. Located on Wendell Blvd in Wake County (zip code 27591), the property boasts exceptional visibility and accessibility, situated adjacent to the new Wake Tech Eastern 4.0 Campus and the intersection of I-87/US 264, experiencing high traffic counts exceeding 52,500 vehicles per day on I-87 and 20,000 vehicles per day on US 64 Bus (Wendell Boulevard). This strategic location within a new 257-acre mixed-use community offers significant growth potential. The development plan includes up to 650 multifamily units, along with additional single-family homes and townhomes, creating a substantial residential base for retail businesses. Multifamily housing is planned directly adjacent to these outparcel sites, ensuring a built-in customer base. The area benefits from a rapidly growing population and proximity to East Wake High School and the expansive 106-acre Wake Tech campus, offering programs in engineering, biopharmaceutical technology, robotics, and intelligent automation. The nearby Wendell Falls community, upon completion, will encompass approximately 14,000 homes, further enhancing the long-term prospects of this exceptional retail investment.

    Property Features for 0 Wendell Blvd

    General Information

    Property type
    Land
    Lot Size
    77,537 SF

    HighLights

    • Retail outparcels available for sale or lease, ranging from 1.78 to 2.28 acres.
    • 257‑acre mixed‑use development with up to 650 multifamily units and additional single‑family and townhomes.
    • High traffic counts: over 52,500 VPD on I‑87 and 20,000 VPD on US 64 Bus (Wendell Blvd).
    • Multifamily housing planned directly adjacent to the outparcels.
    • Proximity to East Wake High School and the 106‑acre Wake Tech Eastern Wake 4.0 Campus.
    • Rapidly growing population in Wendell with significant new development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Wendell
    County
    Wake
    State
    North Carolina
    Longitude
    -78.4229442
    Latitude
    35.80351581

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    Nearby Similar for Sale

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    FAQs

    What type of property is this?
    Land - Prime retail land, Wendell, NC.
    Where is this land located?
    The property is located at Wendell Blvd Wendell, NC.
    What are key features of this property?
    This property features: Retail outparcels available for sale or lease, ranging from 1.78 to 2.28 acres.; 257-acre mixed-use development with up to 650 multifamily units and additional single-family and townhomes.; High traffic counts: over 52,500 VPD on I-87 and 20,000 VPD on US 64 Bus (Wendell Blvd).
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    Wendell Blvd Wendell, NC 27591
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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
    Wendell Blvd Wendell, NC 27591
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