New search
Property profile & analytics
OFF-MARKET
Estimated value
$3,150,000
Commercial land
1080 Forestville Rd, Wake Forest, NC 27587-9361
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-4788121
Property summary
AI-generated overview
This exceptional 1.51-acre commercial land parcel presents a unique investment opportunity in Wake Forest, North Carolina. Situated at 1080 Forestville Road, this corner outparcel benefits from a signalized intersection within the thriving Shoppes at Heritage Village, a grocery-anchored community center experiencing high traffic volume—an estimated 18,000 vehicles daily. The property is fully approved for car wash development, eliminating lengthy permitting processes and allowing for immediate project commencement. Detailed plans for the car wash are already in place, streamlining the development timeline. The site's zoning is Neighborhood Business, ensuring compatibility with the surrounding commercial landscape. Its convenient location near Heritage Elementary, Middle, and High Schools contributes to a strong and consistent customer base. Wake County PIN 1749587900 further identifies this exceptional property. This is a turnkey opportunity for investors seeking a high-traffic, fully approved car wash site in a rapidly growing area. Don't miss this chance to capitalize on this prime location and established community.
Property profile
Verified
Property type
Commercial land
Use group
VACANT COMMERCIAL LAND
Lot
1.51 ac (65,776 SF)
Zoning code
NB
APN
1749.02-58-7900 0446393
UPID
US53-4788121
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
AI Approach
AI
$3.15M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.15M
Owner & transaction history
Driven Brands INC · 1 yrs held
Driven Brands INC
since 2024
Last sale
$3.2M
4 recorded transactions
Zoning & alternative use
NB · 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
Method
Estimation
Statistic approach
$3,150,000
ML approach
$3,150,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$3.15M
Range $2.84M – $3.47M · ±10% · vs last sale $3.15M (Sep 27 2024)
Last sale anchor
$3.15M
Sep 27 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
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 2024Property tax & assessments
Tax year 2024
Tax billed
$8,042
Tax year 2024
Assessed value
$861,501
Assessed 2024
Previous assessed
$861,501
+0.0% YoY
Effective rate
0.93%
On assessed value
Assessed land
$861,501
Land market value
$861,501
Total market value
$861,501
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
Commercial land
Use group
VACANT COMMERCIAL LAND
Status
Off-Market
Heating
NONE
Lot
1.51 ac (65,776 SF)
Zoning code
NB
APN
1749.02-58-7900 0446393
UPID
US53-4788121
Jurisdiction
WAKE
Zoning & alternative use
NB · Wake Forest, NC
Zoning NB · permitted uses
NB · 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
Heating
NONE
Lot
1.51 ac
Current owner
From public records · entity-resolved
Driven Brands INC
Entity
Free & Clear · 1 yrs held
Mailing address
440 S CHURCH ST STE #700, CHARLOTTE, NC 28202-2059
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Sep 27, 2024
$3,150,000
Driven Brands INC
Boing Us Holdco INC
Special Warranty Deed
—
Jul 14, 2023
$3,000,000
Boing Us Holdco INC
Rocket Wash Express Real Estate LLC
Special Warranty Deed
—
Jul 14, 2023
$1,850,000
Rocket Wash Express Real Estate LLC
Heritage Express Re Holdings LLC
Special Warranty Deed
—
Apr 21, 2022
$950,000
Heritage Express Re Holdings LLC
Columbia Heritage Op LLC
Special Warranty Deed
$712,500 · Townebank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1080 Forestville Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
