0 Forestville Rd Wake Forest, NC 27587
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.
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.