New search
Property profile & analytics
OFF-MARKET
Estimated value
$1,450,000
Community centers
11721 Retail Dr, Wake Forest, NC 27587-8595
Entity Owned
18-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-5542385
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2006
Construction
CONCRETE BLOCKS
Total area
7,300 SF
Lot
3.25 ac (141,570 SF)
Zoning code
HB
APN
1830.01-47-8370 0287520
UPID
US53-5542385
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
-
Papa Murphy's Take 'N' Bake Pizza Restaurant
-
Krispy Kreme Bakery Discount Store
-
AT&T Store Mobile Phone Store Electronics & Wireless Store
-
Lady Jane's Haircuts For Men- Wake Forest (Retail Dr) Hair Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.45M
Owner & transaction history
Freina LLC · 18 yrs held
Freina LLC
since 2008
5 recorded transactions
Zoning & alternative use
HB · 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
$199 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$24,886
Tax year 2023
Assessed value
$2,141,673
Assessed 2023
Previous assessed
$2,141,673
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$548,797
Assessed improvement
$1,592,876
Land market value
$548,797
Improvement market value
$1,592,876
Total market value
$2,141,673
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
2006
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
7,300 SF
Lot
3.25 ac (141,570 SF)
Zoning code
HB
APN
1830.01-47-8370 0287520
UPID
US53-5542385
Jurisdiction
WAKE
Zoning & alternative use
HB · Wake Forest, NC
Zoning HB · permitted uses
HB · 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
2006
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
3.25 ac
Current owner
From public records · entity-resolved
Freina LLC
Entity
Mailing address
1001 WADE AVE STE #300, RALEIGH, NC 27605-3323
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 27, 2018
—
Freina LLC
—
Deed
related
$1,500,000 · Southern Bk
Jul 21, 2008
—
Hayco Realty Ltd
—
Trustees Deed
related
$1,144,600 · Texas Capital Bank NA
Jul 3, 2008
$2,379,000
Freina LLC
Hayco Realty Ltd
Grant Deed
$1,800,000 · Midfirst Bank State Savings Bk
—
—
Hayco Realty Ltd
—
Deed Of Trust
related
$15,162 · Texas Capital Bank NA
—
—
Freina LLC
—
Deed Of Trust
related
$1,500,000 · Southern Bk
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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