Commercial Real Estate Market in Wendell, NC
Updated monthly: sale, lease, property records, location trend, and more… · Last update: August 31
72 active listings and 322 off-market properties in Wendell, NC. Commercial property asks $599/SF to buy and $14.25/SF/Yr to lease.
Market Trends
Wendell, NC spans 66.6 square miles in Wake County, North Carolina. Figures below refresh monthly; last updated 31 August 2026.
Office
Office space in Wendell, NC asks $309/SF to buy. Vacancy runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Retail
Retail vacancy in Wendell, NC runs 5.4% across the South region in 2025, down from 7% in 2020.
Vacancy Rate % in South region
Industrial
Industrial vacancy in Wendell, NC runs 7.9% across the South region in 2025, up from 6% in 2019. Nearly 2.3x the 2022 low of 3.5%.
Vacancy Rate % in South region
Multifamily
Multifamily space in Wendell, NC asks $260/SF to buy. Vacancy runs 11.3% across the South region in 2025, up from 8.5% in 2022.
Average Sale Price $/SF
Listings
Vacancy Rate % in South region
Zoning & Land Use
Land Use Mix share of zoned land by category
- Residential 70.5%
- Planned_development 17%
- Mixed use 9.7%
- Industrial 2%
- Commercial 0.8%
Largest Zones share of zoned land by district
Rural Agriculture
Planned Unit Development
Rural Residential
Residential Medium Density
Residential High Density Conditional District
Wendell, NC zones 11,180 acres across 24 districts. Commercial zoning covers 0.8% of zoned land, residential 70.5% and industrial 2%. The largest single district is Rural Agriculture at 32.4%. For commercial buyers the practical constraint is that only 2.8% of land carries a commercial or industrial designation.
Rural Agriculture (RA)
The Rural Agricultural district is coded to accommodate very low density residential development and agricultural uses, protect natural vistas, and landscape features that define Wendell's rural heritage. The intent of this district is two-fold. First, it is designed to maintain a rural boundary, preserving important agricultural and forested areas on the pe…
Market overview
Demographics & Economy
Wendell, NC has 24,677 residents in 10,109 households. Density runs 370 people per square mile. Median household income here is $76,710 and median gross rent $1,280 a month.
24,677
Population
10,109
Households
2.4
Avg Household Size
38
Median Age
31%
College-Educated
88%
High-School Grad
66.6 sq mi
ZIP Area
370
Density / Sq Mi
$76,710
Median Household Income
$42,758
Median Earnings
$1,280
Median Rent
$288,100
Median Home Value
Tools
Nearby Markets
| Market | Average Sale Price, $/SF | Average Lease Price, $/SF/Yr |
|---|---|---|
| Eagle Rock | — | — |
| Zebulon | — | — |
| Knightdale | — | — |
| Emit | — | — |
Commercial property in Wendell, NC asks $599/SF.
Frequently Asked Questions
What is the average price per square foot for commercial property in Wendell?
Commercial property in Wendell, NC asks an average of $599 per square foot. The 4 most recent recorded sales traded at a median of $231/SF, so asking sits 159% above the achieved median. Office carries the highest asking price at $309/SF.
How much does it cost to lease commercial space in Wendell?
Asking lease rates in Wendell, NC average $14.25 per square foot per year.
What zoning applies to commercial property in Wendell?
Wendell, NC zones 11,180 acres across 24 districts, of which 0.8% is commercial and 2% industrial. The largest single district is Rural Agriculture at 32.4% of zoned land. The Rural Agricultural district is coded to accommodate very low density residential development and agricultural uses, protect natural vistas, and landscape features that define Wendell's rural heritage. The intent of this district is two-fold. First, it is designed to maintain a rural boundary, preserving important agricultural and forested areas on the pe… Residential zoning covers 70.5% and open space 0%.
Where does Realmo's Wendell market data come from?
Realmo compiles Wendell, NC figures from 6 recent recorded sales, 58 active sale listings, 14 active lease listings, 322 tracked off-market properties, the current Wendell zoning release. Sale and lease figures refresh monthly; vacancy annually. Last updated 31 August 2026.
Methodology & data sources
- Asking prices and averages
- Computed from 58 active for-sale and 14 active for-lease listings in Wendell, NC. These are ASKING figures from live listings, not closed-transaction prices, and a segment carried by a handful of listings reads as indicative rather than an average.
- Vacancy rates
- Published per-sector market series, taken at the metro level where one exists and otherwise at the Census-region level — a chart reading "in <region> region" is a regional number, not this city's.
- Zoning and land use
- The current municipal zoning release: 11,180 zoned acres across 24 districts. Shares are of zoned land, so parcels the release leaves unclassified are excluded from the mix.
- Refresh
- The monthly aggregates close at the end of the previous month, so 31 August 2026 — not today — is the honest last update.
- Known limitations
- office vacancy is reported at South region level, retail vacancy is reported at South region level, industrial vacancy is reported at South region level and asking prices run materially above recent closed pricing.
- Coverage
- Metrics below the 10-observation threshold fall back one geographic level. The geography used is named on each figure.
Compiled by the Realmo Data team · reviewed 31 August 2026 · report a data issue
