Property profile

1209 Main St Wake Forest, NC 27587

OFF-MARKET
Warehouses
Property ID
US53-0090526
5,000 SF 0.93 ac lot Built 2000
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 5,000-square-foot flex warehouse, built in 2000, presents a compelling investment opportunity in Wake Forest, North Carolina. Located at 1209 S Main St, this Class B property sits on a 0.93-acre lot and boasts 30 parking spaces. The single-story building features a 12-foot ceiling height, providing ample vertical space for various uses. The property's strategic location offers significant street visibility with 160 feet of frontage along S Main Street, enhanced by convenient double-door walk-up side access and a rear access trash enclosure. The zoning is NB. Its prime location within the Forestville submarket places it in close proximity to major retailers such as Wegmans and Lidl, situated northwest of the property, and benefits from the proximity to the Holding Village residential development to the east. This location offers strong demographics and is ideally situated on a connector road between Highways 1 and 98, ensuring excellent accessibility and high visibility. The property's APN is 0243725. This is a single-unit building offering significant potential for a variety of businesses. The asking price is $1,300,000.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2000
Construction METAL FRAME
Total area 5,000 SF
Lot 0.93 ac (40,511 SF)
Zoning code NB
APN 1840.10-25-7999 0243725
UPID US53-0090526

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Auto Parts Store

Location

1209 Main St Wake Forest, NC 27587-9282
Wake Forest metro Census 54206 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$445k

Owner & transaction history

since 2025
Last sale
$1.3M
4 recorded transactions
2025
$1.3M
2005
$515,000
2003
$515,000
1969
Price N/A

Zoning & alternative use

NB · Wake Forest, NC
Zoning description

The Neighborhood Business District is established as a district in which the principle use of land is for retail trade and services purposes of a lower intensity than the Highway Business (HB) District. Such districts ar…

General category COMMERCIAL

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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