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    OFF-MARKET
    Land

    0 Wendell Blvd, Wendell, NC 27591

    1.78 ac lot
    Property ID
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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