Property profile

1125 Main St Wake Forest, NC 27587

OFF-MARKET
Land
Property ID
US53-1456055
1.88 ac lot
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Property summary

AI-generated overview

This exceptional 1.88-acre commercial land parcel, encompassing 1125 and 1137 South Main Street in Wake Forest, NC, presents a unique investment opportunity. Currently zoned GR3 (General Residential), rezoning to "Neighborhood Commercial" (NB) is anticipated by June 30, 2025, per the Town of Wake Forest planning department. Strategically located near the intersection of Dr. Calvin Jones Highway (Hwy 98 Bypass) and South Main Street, this property enjoys high visibility and accessibility. Existing driveways provide convenient access from South Main Street. Wake Forest boasts impressive growth projections, exceeding 118,000 residents by 2040, with a median household income of $115,159. This thriving community features a highly educated workforce and is served by the award-winning Wake County Public Schools system. Proximity to RDU Airport (40 minutes) and the planned S-Line passenger rail (by 2030) further enhances its appeal. The property's location across from Lidl and near The Lodge at Wake Forest underscores its potential for significant return. The seller will not sell the lots separately. The asking price is $750,000. North Carolina's favorable tax climate, with a low corporate income tax rate (2.5%, phasing out by 2030), adds to the investment's attractiveness. Wake Forest's blend of historic charm and modern amenities creates a desirable environment for businesses and residents alike.

Property profile

Verified
Property type Land
Lot 1.88 ac (81,893 SF)
UPID US53-1456055

Cap rate & NOI

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

Location

1125 Main St Wake Forest, NC 27587
Wake Forest metro
Google Maps

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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