Property profile

0 Star Rd And Capital Blvd Wake Forest, NC 27587

OFF-MARKET
Retail properties & Spaces
164,790 SF
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Property summary

AI-generated overview

Wake Forest Exchange offers 164,790 square feet of retail and industrial space, specifically designed for research and development. This multi-tenant property, situated on a 30-acre lot in Wake County, North Carolina, boasts six suites ranging from a minimum of 9,425 square feet to a maximum contiguous space of 59,760 square feet. Currently, the entire 164,790 square feet is vacant, presenting a unique opportunity for a single large tenant or multiple smaller occupants. The property features a 16-foot clear height in the industrial areas and 10-foot clear height in the office spaces. Ample parking is provided, with a ratio of four spaces per 1,000 square feet. Located at the intersection of Star Road and Capital Boulevard (US 1), near South Main Street (New Falls of Neuse Road), this property enjoys convenient access to a variety of amenities, including shopping, dining, and entertainment options. Its strategic location also provides easy access to a diverse residential area and is less than 30 minutes from North Carolina's Tier 1 universities, ensuring access to a highly skilled workforce. The property is zoned HB. This exceptional location within the Research Triangle offers unparalleled potential for businesses seeking a thriving and well-connected environment in Wake Forest, NC, zip code 27587.

Property profile

Verified
Property type Retail properties & Spaces
Total area 164,790 SF

Cap rate & NOI

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

Location

Star Rd And Capital Blvd Wake Forest, NC 27587
Wake Forest 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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