Property profile

745 Merritt Capital Dr Wake Forest, NC 27587

OFF-MARKET
Warehouses
55,200 SF
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Property summary

AI-generated overview

This exceptional opportunity presents multiple warehouse spaces for lease within Merritt Capital Business Park, Building 4, in Wake Forest, NC. Located on Ligon Mill Road & Unicorn Drive, this light industrial development offers a total of 55,200 square feet across three suites, with two spaces currently available. Units range from 1,715 to 1,812 contiguous square feet, offering flexibility for various business needs. The building boasts 18-foot clear ceiling heights, at-grade drive-in access, and ample free surface parking. Situated on approximately 74 acres, the park provides excellent visibility and signage opportunities. The strategic location offers easy access to major transportation arteries, including US-1, US-401, and I-540, ensuring efficient logistics and convenient commutes. The entire Merritt Capital Business Park encompasses 459,300 square feet, providing a thriving industrial environment. Currently, 3,527 square feet are vacant, presenting a prime opportunity for businesses seeking efficient and well-located warehouse space in Wake County's Wake Forest Route 1 submarket. The property's features make it ideal for manufacturing, flex, warehouse, distribution, or R&D operations.

Property profile

Verified
Property type Warehouses
Total area 55,200 SF

Cap rate & NOI

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

Location

745 Merritt Capital Dr 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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