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Property profile & analytics
OFF-MARKET
Estimated value
$1,700,000
Retail space
12215 Hampton Way Dr Wake Forest, NC 27587-6295
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-2190365
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1998
Construction
CONCRETE BLOCKS
Total area
10,275 SF
Lot
1 ac (43,560 SF)
Zoning code
HB
APN
1831.03-41-9404 0222513
UPID
US53-2190365
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
-
Moray Larry J DDS Dental Office
-
K J Shoe Repair (Bike/Boat/Book/etc) Store
-
Spa of bliss Alternative Medicine Practice Spa & Massage Center
-
U-Haul Neighborhood Dealer Car Rental Facility
-
Twin Attic Publishing House, Inc Publishing House
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.10M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.75M
Blend (final)
Blend
$1.70M
Owner & transaction history
Cityplat Caspian 1713 LLC · 3 yrs held
Cityplat Caspian 1713 LLC
since 2022
Last sale
$1.5M
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
$2,045,000
ML approach
$2,100,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$2,455,000
Current use
OFFICE BUILDING
$2,225,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$1.70M
Range $1.53M – $1.87M · ±10% · vs last sale $1.50M (Aug 4 2022)
Last sale anchor
$1.50M
Aug 4 2022
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
$165 / 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
$13,215
Tax year 2023
Assessed value
$1,137,291
Assessed 2023
Previous assessed
$1,137,291
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$274,428
Assessed improvement
$862,863
Land market value
$274,428
Improvement market value
$862,863
Total market value
$1,137,291
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1998
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
10,275 SF
Lot
1 ac (43,560 SF)
Zoning code
HB
APN
1831.03-41-9404 0222513
UPID
US53-2190365
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
RETAIL STORES Current
Est. value
$2.5M
OFFICE BUILDING
Est. value
$2.2M
RETAIL STORES Current
OFFICE BUILDING
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
1998
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1 ac
Current owner
From public records · entity-resolved
Cityplat Caspian 1713 LLC
Entity
Mailing address
107 FAYETTEVILLE ST STE #400, RALEIGH, NC 27601-2916
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 4, 2022
$1,500,000
Cityplat Caspian 1713 LLC
Lloyds Of Wake Forest LLC
Warranty Deed
$1,180,000 · Benchmark Community Bank
Feb 5, 2020
—
Lloyds Of Wake Forest LLC
—
Deed
related
$1,430,000 · Benchmark Cmnty Bk
Nov 19, 2010
$925,000
Lloyds Of Wake Forest LLC
Wake Forest Village LLC
Warranty Deed
related
—
Sep 30, 2004
$1,050,000
Wake Forest Village LLC
Wake Village Shopping Center L
Warranty Deed
related
$800,000 · Rbc Centura Bank
—
—
Lloyds Of Wake Forest LLC
—
Deed Of Trust
related
$840,000 · Branch Banking & Trust Co
—
—
Lloyds Of Wake Forest LLC
—
Deed Of Trust
related
$1,430,000 · Benchmark Cmnty Bk
—
—
Lloyds Of Wake Forest LLC
—
Deed Of Trust
related
$500,000 · Branch Banking & Trust Co
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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