Commercial Real Estate Market in Wendell, NC
Updated monthly: sale, lease, property records, location trend, and more… · Last update: October 31
17 active listings and 322 off-market properties in Wendell, NC.
Market Trends
Wendell, NC spans 66.6 square miles in Wake County, North Carolina. Figures below refresh monthly; last updated 31 October 2026.
Office
Office vacancy in Wendell, NC runs 20.2% across the South region in 2025, up from 14.4% in 2019.
Retail
Retail vacancy in Wendell, NC runs 5.4% across the South region in 2025, down from 7% in 2020.
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%.
Multifamily
Multifamily vacancy in Wendell, NC runs 11.3% across the South region in 2025, up from 8.5% in 2022.
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
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.
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.
Tools
Nearby Markets
| Market | Median Asking Price, $/SF | Median Asking Rent, $/SF/Yr |
|---|---|---|
| Raleigh | $252 | $26.29 |
| Clayton | $219 | $30.00 |
Commercial property in Wendell, NC asks $183/SF. The 2 bordering markets run from $219/SF in Clayton to $252/SF in Raleigh, and the city sits below their $236/SF median.
Frequently Asked Questions
What is the median price per square foot for commercial property in Wendell?
How does Wendell compare to nearby markets on price?
What zoning applies to commercial property in Wendell?
Where does Realmo's Wendell market data come from?
Methodology & data sources
- Asking prices and medians
- There are 7 active for-sale and 10 active for-lease listings in Wendell, NC. The sale median is based on 3 of the for-sale listings that state a price per square foot; too few for-lease listings state a rent per square foot for a rent median. These are ASKING figures from live listings, not closed-transaction prices, and a figure resting on fewer than 10 listings says so where it is quoted.
- 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 October 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 and industrial vacancy is reported at South region level.
- 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 October 2026 · How Realmo checks market page data · Report a data issue
