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    11220 Capital Blvd Wake Forest, NC 27587

    For Sale
    $425,000

    High-traffic location, prime development opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional 0.96-acre commercial land parcel presents a unique investment opportunity in the thriving town of Wake Forest, North Carolina. Located directly adjacent to a Walmart shopping center, this property benefits from the high visibility and substantial foot traffic associated with a major retail anchor. The site is ideally situated at 11220 Capital Blvd, Wake Forest, NC 27587, within Wake County, offering easy access to major transportation routes and a densely populated residential area. The land is flat and ready for development, with utilities already in place, simplifying the construction process and reducing upfront costs. Zoned HB (Hwy Business), this parcel is suitable for a wide range of commercial uses, making it an attractive prospect for investors seeking a strong return on investment. The asking price is $425,000. This prime location in a rapidly growing North Carolina suburb of Raleigh offers significant potential for future appreciation and strong rental income. The property's proximity to Walmart ensures consistent exposure to a large customer base, making it an ideal location for complementary businesses or retail establishments. Don't miss this chance to acquire a highly desirable commercial outparcel in a booming market.

    Property Features for 11220 Capital Blvd

    General Information

    Property type
    Shopping centers
    Lot Size
    41,818 SF

    HighLights

    • 0.96‑acre outparcel for sale adjacent to a Walmart shopping center.
    • Located in Wake Forest, NC, a booming suburb of Raleigh.
    • Flat, utility‑ready parcel.
    • Zoned HB (Highway Business).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Retail space

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    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
    -78.53717598436
    Latitude
    35.951354707782

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    FAQs

    What type of property is this?
    Shopping center - High-traffic location, prime development opportunity.
    Where is this shopping center located?
    The property is located at 11220 Capital Blvd Wake Forest, NC.
    What is the asking price?
    The asking price for this property is $425,000.
    What are key features of this property?
    This property features: 0.96-acre outparcel for sale adjacent to a Walmart shopping center.; Located in Wake Forest, NC, a booming suburb of Raleigh.; Flat, utility-ready parcel.
    Request Owner's contact information
    11220 Capital Blvd 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
    11220 Capital Blvd Wake Forest, NC 27587
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