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    Property profile & analytics

    1151 Main St Wake Forest, NC 27587-9646

    • Assisted living facilities
    • 107,082 SF
    • 4.17 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US53-5679637
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • The Lodge at Wake Forest Gracious Retirement Living / Retirement Community

    Property Details for 1151 Main St

    Year built
    2007
    Lot size
    4.17 lot acres
    Property size
    107,082 SF
    Zone code
    RMX
    Property type
    Assisted living facilities
    Property subtype
    Retirement homes
    APN
    1840.10-26-9216 0074371
    APU
    1840102692160074371

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Wake Forest
    County
    Wake
    State
    North Carolina
    Longitude
    -78.5171
    Latitude
    35.9643
    CBSA code
    39580
    CBSA name
    RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $200,776
    $2,360,000
    $14,715,395
    $17,075,395
    -
    $2,360,000
    $14,715,395
    $17,075,395

    Comparable in this City

    • Value Estimation by Request
      27,205 SF

      611 Brks St

      HOMES (RETIRED, NURSING) • 27,205 SF
      611 Brks St, Wake Forest, NC 27587-2978
      View Details
    • Value Estimation by Request
      42,484 SF

      3218 Heritage Trade Dr

      HOMES (RETIRED, NURSING) • 42,484 SF
      3218 Heritage Trade Dr, Wake Forest, NC 27587-4238
      View Details
    • Value Estimation
      $1,070,000
      11,501 SF

      306 Allen Rd

      HOMES (RETIRED, NURSING) • 11,501 SF
      306 Allen Rd, Wake Forest, NC 27587-2610
      View Details
    • Value Estimation by Request
      58,813 SF

      968 Wait Ave

      HOMES (RETIRED, NURSING) • 58,813 SF
      968 Wait Ave, Wake Forest, NC 27587-7670
      View Details
    • Value Estimation
      $270,000
      1,516 SF

      120 Capcom Ave Ste, Unit 104

      MEDICAL BUILDING • 1,516 SF
      120 Capcom Ave Ste, Wake Forest, NC 27587-6537
      View Details
    • Value Estimation by Request
      3,569 SF

      3150 Rogers Rd Ste, Unit 111

      MEDICAL BUILDING • 3,569 SF
      3150 Rogers Rd Ste, Wake Forest, NC 27587-7070
      View Details

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      Magnolia Trace Condominium on White Street

      Modern 3-bedroom condominium near downtown Wake Forest.
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      Land For Outparcel Development

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    Similar Nearby for Lease

    • $36 SF/Yr
      41,887 SF

      NorthPark I Medical Office Space

      Wake Forest medical office suites available.
      11635 Northpark Dr, Wake Forest, NC 27587
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      164,790 SF

      Wake Forest Exchange: R&D Space

      Prime Wake Forest R&D space available.
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      Fitness Space Available For Rent

      4,010 SF fitness space available next to Planet Fitness.
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      Wake Forest Commercial Parcel

      1.1-acre commercial parcel for sale or ground lease.
      S Franklin St, Wake Forest, NC 27587
      View Details
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      55,300 SF

      Heritage Walk: Prime Retail Space

      7.86-acre Retail Center, 55,300 SF
      0 Forestville Rd And Foundation Dr, Wake Forest, NC 27587
      View Details
    • $1,600 /Mo

      Caddell Woods Home For Rent

      3 beds, 2.5 baths, convenient location, renovated kitchen.
      2828 Gross Ave, Wake Forest, NC 27587
      View Details

    Property Visit Statistics

    • Visits by month
      1.8k
    • Visitors by month
      2.1k
    • Avg Time on site
      59 min
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    1151 Main St
    Wake Forest, NC 27587-9646
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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