0 White St, Wake Forest, NC 27587
This exceptional 3.93-acre commercial land parcel in Wake Forest, NC, presents a remarkable investment opportunity. Priced at $1,225,000, this property boasts a highly desirable Neighborhood Business (NB) zoning designation. The relatively flat site offers approximately 475 feet of frontage on Royal Mill Avenue and approximately 375 feet of frontage on N. White Street. Water is available on-site, and sewer access is conveniently located nearby via gravity flow. The property comprises two parcels: PIN# 1841956936 (2.93 acres) and PIN# 1841966126 (1.00 acre). Its strategic location offers unparalleled convenience and visibility. Situated adjacent to J.B. Flaherty Park, this property is also close to Franklin Academy, Envision Science Academy, Traditions Development, and Del Webb at Traditions, as well as numerous residential neighborhoods and multifamily subdivisions. The proximity to K Flex Industries further enhances its appeal. J.B. Flaherty Park features extensive recreational amenities, including tennis and pickleball courts, baseball and softball fields, and a large dog park. This prime location makes it ideal for a variety of commercial ventures, including a convenience store, quick-service restaurant (QSR), or multi-tenant retail development catering to the thriving community and high traffic volume on North White Street. The property's size, zoning, and location combine to create a compelling investment opportunity with significant potential for future growth and profitability. The zip code is 27587.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.