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    Forestville Rd Wake Forest, NC 27587

    Sponsored
    For Sale
    $1,000,000

    Prime Wake Forest Retail Land, High Growth Area

    Property size:
    7,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 3.97-acre commercial outparcel in Wake Forest, NC, presents a lucrative investment opportunity. Located on Forestville Road, near the intersection of US Hwy 401, and less than four miles from I-540, this property boasts unparalleled accessibility and visibility. The 7,000 square foot storefront building sits on a sizable lot, offering ample space for development. With 25 parking spaces already in place, this property is ready for immediate occupancy or redevelopment. The R-10-CU zoning permits a variety of commercial uses, making it ideal for a range of businesses. This location is particularly well-suited for a childcare or daycare center, given its proximity to a planned residential development encompassing 224 apartment units and 147 townhouses. The property's strategic location within Wake Forest, one of North Carolina's fastest-growing towns, ensures strong potential for future appreciation. Water and sewer services are readily available, simplifying the development process. The asking price for this prime commercial property is $1,000,000. Don't miss this chance to capitalize on the explosive growth in Wake Forest and secure a highly desirable commercial asset. This property offers a unique blend of immediate usability and significant long-term growth potential.

    Property Features for 0 Forestville Rd

    General Information

    Property type
    Individual retail properties
    Square Feet
    7,000 SF
    Lot Size
    172,933 SF

    HighLights

    • 3.97‑acre commercial outparcel available for development.
    • Excellent location for a childcare/daycare center.
    • Water and sewer utilities readily available.
    • Adjacent to a planned residential community with 224 apartments and 147 townhouses.
    • Located near Wake Forest and Rolesville, two of North Carolina's fastest‑growing towns.
    Property Profile Location Intelligence

    Current Use by Public Records

    Retail space

    Map

    City
    Wake Forest
    County
    Wake
    State
    North Carolina
    Longitude
    -78.5062844
    Latitude
    35.9148262

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    FAQs

    What type of property is this?
    Individual retail property - Prime Wake Forest Retail Land, High Growth Area
    Where is this individual retail property located?
    The property is located at Forestville Rd Wake Forest, NC.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: 3.97-acre commercial outparcel available for development.; Excellent location for a childcare/daycare center.; Water and sewer utilities readily available.
    Request Owner's contact information
    Forestville Rd Wake Forest, NC 27587
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    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
    Forestville Rd Wake Forest, NC 27587
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