Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$24,830,000
Grocery and convenience stores
11051 Ligon Ml Rd Wake Forest, NC 27587-3327
Entity Owned
4-yr Hold
Free & Clear
Property ID
US53-0370912
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2020
Construction
BRICK
Total area
102,578 SF
Lot
14 ac (609,840 SF)
Zoning code
PUD
APN
1830.12-76-9192 0484530
UPID
US53-0370912
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
-
Wegmans Wine & Beer Specialty Food Shop Wine and Liquor Store
-
The Burger Bar by Wegmans Restaurant
-
LibertyX Bitcoin ATM Atm
-
Wegmans Meals 2GO Restaurant Take-out & Catering
-
Volta Charging Station Electric Vehicle Charging Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$28.00M
Comparable Approach
Comparable
$26.60M
Blend (final)
Blend
$24.83M
Owner & transaction history
Wegmans Food Markets INC · 4 yrs held
Wegmans Food Markets INC
since 2022
1 recorded transaction
Zoning & alternative use
PUD · Wake Forest, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$35.4M
+44.6%
Commercial (general)
$34.1M
+39.2%
Medical building
$33.3M
+36.0%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$30,335,000
6.5%
$28,000,000
7%
$26,000,000
Alternative Use
Use
Estimation
RETAIL STORES
$24,505,000
Current use
AUTO REPAIR, GARAGE
$35,430,000
Change: +45% · Conversion: Difficult
COMMERCIAL (GENERAL)
$34,120,000
Change: +39% · Conversion: Easy
MEDICAL BUILDING
$33,330,000
Change: +36% · Conversion: Difficult
OFFICE BUILDING
$22,230,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$24.83M
Range $22.35M – $27.31M · ±10%
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
$242 / SF
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
$161,659
Tax year 2024
Assessed value
$17,317,562
Assessed 2024
Previous assessed
$13,919,533
+24.4% YoY
Effective rate
0.93%
On assessed value
Assessed land
$2,719,693
Assessed improvement
$14,597,869
Land market value
$2,719,693
Improvement market value
$14,597,869
Total market value
$17,317,562
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2020
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
102,578 SF
Lot
14 ac (609,840 SF)
Zoning code
PUD
APN
1830.12-76-9192 0484530
UPID
US53-0370912
Jurisdiction
WAKE
Zoning & alternative use
PUD · Wake Forest, NC
Zoning PUD · permitted uses
PUD · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$24.5M
AUTO REPAIR, GARAGE
Est. value
$35.4M
COMMERCIAL (GENERAL)
Est. value
$34.1M
MEDICAL BUILDING
Est. value
$33.3M
OFFICE BUILDING
Est. value
$22.2M
RETAIL STORES Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
MEDICAL BUILDING
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2020
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
14 ac
Current owner
From public records · entity-resolved
Wegmans Food Markets INC
Entity
Free & Clear · 4 yrs held
Mailing address
PO BOX 30844, ROCHESTER, NY 14603-0844
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 9, 2022
—
Wegmans Food Markets INC
Department Of Transportation
Quit Claim Deed
related
—
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 11051 Ligon Ml 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.
