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Property profile & analytics
OFF-MARKET
Estimated value
$8,250,000
Community centers
11817 Retail Dr, Wake Forest, NC 27587-7352
Individually Owned
5-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-0583385
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2004
Construction
CONCRETE BLOCKS
Total area
13,188 SF
Lot
14.48 ac (630,749 SF)
Zoning code
HB
APN
1830.07-58-1064 0287514
UPID
US53-0583385
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
-
Sleepy's Furniture & Home Goods
-
Mattress Firm Wake Forest Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.06M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.54M
Blend (final)
Blend
$8.25M
Owner & transaction history
Hometrust Bk · 5 yrs held
Hometrust Bk
since 2021
Last sale
$7.6M
7 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
Method
Estimation
Statistic approach
$10,735,000
ML approach
$10,060,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$7,265,000
Current use
RESTAURANT
$7,120,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$8.25M
Range $7.43M – $9.08M · ±10% · vs last sale $7.55M (Nov 25 2020)
Last sale anchor
$7.55M
Nov 25 2020
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
$626 / 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
$90,446
Tax year 2023
Assessed value
$7,783,621
Assessed 2023
Previous assessed
$7,783,621
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$2,076,779
Assessed improvement
$5,706,842
Land market value
$2,076,779
Improvement market value
$5,706,842
Total market value
$7,783,621
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
2004
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
13,188 SF
Lot
14.48 ac (630,749 SF)
Zoning code
HB
APN
1830.07-58-1064 0287514
UPID
US53-0583385
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.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$7.3M
RESTAURANT
Est. value
$7.1M
NEIGHBORHOOD: SHOPPING CENTER Current
RESTAURANT
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
2004
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
14.48 ac
Current owner
From public records · entity-resolved
Hometrust Bk
Individual
Free & Clear · 5 yrs held
Mailing address
116 LONG PNE CT, CHAPIN, SC 29036-7974
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 17, 2021
—
Hometrust Bk
Capital Plaza Mcc LLC
Correction Deed
related
—
Nov 25, 2020
$7,550,000
Capital Plaza Mcc LLC
G&i Viii Capital Plaza LLC
Special Warranty Deed
$5,812,500 · Hometrust Bank
Aug 5, 2015
$7,450,000
G & I Viii Capital Plaza LLC
Bre Ddr Br Cap Plaza Nc LLC
Grant Deed
related
—
Nov 20, 2014
$7,500,000
Bre Ddr Br Cap Plaza Nc LLC
Cole Mt Wake Forest Nc LLC
Grant Deed
related
$800,000,000 · Wells Fargo Bk
Sep 25, 2013
$7,200,000
Cole Mt Wake Forest Nc LLC
Ddrtc Capital Plaza LLC
Grant Deed
—
Mar 2, 2007
$7,470,000
Ddrtc Capital Plaza LLC
Inland Southeast Wake Forest C
Grant Deed
related
—
Sep 1, 2004
$7,470,000
Southeast Wake Forest C Inland
Wake Forest Of Granite LLC
Grant Deed
related
—
—
—
G & I Viii Capital Plaza LLC
—
Deed Of Trust
related
$5,325,000 · Barclays Bk/plc
—
—
Capital Plaza Mcc LLC
—
Deed Of Trust
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.
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