1005 Stadium Dr Wake Forest, NC 27587
This exceptional 2.19-acre outparcel presents a unique investment opportunity in the thriving Wake Forest, North Carolina market. Located at 1005 Stadium Drive, this Class A property enjoys a highly visible position adjacent to the bustling Wake Forest Crossing Shopping Center. This premier shopping center boasts a strong lineup of national anchors including Kohl's, TJ Maxx, Michael's, Petco, Ross, Dollar Tree, and Lowe's Foods, ensuring consistent high traffic flow and strong consumer demographics. The site's strategic location on Stadium Drive, a main thoroughfare off Capital Boulevard, provides excellent accessibility and visibility. Situated between an existing multi-tenant building and Wake Forest Dental Arts, this property benefits from established surrounding businesses and a dense concentration of consumers. The property is zoned Highway Business (HB), offering flexibility for a wide range of retail and office uses, catering to the area's affluent middle and upper-income population, consistent with the overall demographics of Wake Forest. This presents a rare chance to acquire a well-positioned parcel in a rapidly growing area with significant potential for future development and strong returns. The site's proximity to major retailers and its high-traffic location make it an ideal investment for both established businesses and new ventures seeking a prime location in a thriving community. This is a truly exceptional opportunity not to be missed.
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
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
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.