Property profile

0 Wendell Blvd Wendell, NC 27591

OFF-MARKET
Land
1.78 ac lot
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Property summary

AI-generated overview

Exceptional retail investment opportunity in Wendell, NC's thriving Wendell Commerce Center. These outparcels, ranging from 1.78 to 2.28 acres, are priced at $1,000,000 per acre and are available for sale or lease. Located on Wendell Blvd in Wake County (zip code 27591), the property boasts exceptional visibility and accessibility, situated adjacent to the new Wake Tech Eastern 4.0 Campus and the intersection of I-87/US 264, experiencing high traffic counts exceeding 52,500 vehicles per day on I-87 and 20,000 vehicles per day on US 64 Bus (Wendell Boulevard). This strategic location within a new 257-acre mixed-use community offers significant growth potential. The development plan includes up to 650 multifamily units, along with additional single-family homes and townhomes, creating a substantial residential base for retail businesses. Multifamily housing is planned directly adjacent to these outparcel sites, ensuring a built-in customer base. The area benefits from a rapidly growing population and proximity to East Wake High School and the expansive 106-acre Wake Tech campus, offering programs in engineering, biopharmaceutical technology, robotics, and intelligent automation. The nearby Wendell Falls community, upon completion, will encompass approximately 14,000 homes, further enhancing the long-term prospects of this exceptional retail investment.

Property profile

Verified
Property type Land
Lot 1.78 ac (77,537 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Wendell Blvd Wendell, NC 27591
Wendell metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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