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Property profile & analytics
OFF-MARKET
Retail space
101 White St Wake Forest, NC 27587-2739
Individually Owned
3-yr Hold
Free & Clear
Property ID
US53-0403392
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1901
Construction
BRICK
Total area
2,302 SF
Lot
0.04 ac (1,742 SF)
Zoning code
RA HC
APN
1841.19-51-2656 0053108
UPID
US53-0403392
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
Current use
Occupant on record · Public records
-
Nourish Studios Gym & Fitness Center
-
Motorcycle Innovations Auto Repair Shop Motorcycle Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
John Velissariou · 3 yrs held
John Velissariou
since 2023
4 recorded transactions
Zoning & alternative use
RA HC · Wake Forest, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Wake Forest submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wake Forest submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$1,064
Tax year 2023
Assessed value
$81,729
Assessed 2023
Previous assessed
$81,729
+0.0% YoY
Effective rate
1.30%
On assessed value
Assessed land
$23,517
Assessed improvement
$58,212
Land market value
$23,517
Improvement market value
$58,212
Total market value
$81,729
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1901
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
2,302 SF
Lot
0.04 ac (1,742 SF)
Zoning code
RA HC
APN
1841.19-51-2656 0053108
UPID
US53-0403392
Jurisdiction
WAKE
Zoning & alternative use
RA HC · Wake Forest, NC
Zoning RA HC · permitted uses
RA HC · Wake Forest, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wake Forest. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1901
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.04 ac
Current owner
From public records · entity-resolved
John Velissariou
Individual
Free & Clear · 3 yrs held
Mailing address
PO BOX 1289, WAKE FOREST, NC 27588-1289
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 3, 2023
—
John Velissariou
John Velissariou
Deed
related
—
Nov 15, 2018
—
Cameron Park Botanicals Ltd
—
Trustees Deed
related
$300,000 · Hometrust Bk
Jan 23, 2018
—
Cameron Park Botanicals Ltd
—
Grant Deed
related
$1,028,000 · Hometrust Bk
—
—
Cameron Park Botanicals Ltd
—
Deed Of Trust
related
$700,000 · Midwest Business Capital
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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