Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    12313 Capital Blvd Wake Forest, NC 27587-7485

    Property Lookup

    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    12313 Capital Blvd Wake Forest, NC 27587-7485

    View on Map
    • Drive through restaurants
    • 2,652 SF
    • 1.00 lot acres
    Off-Market
    Property ID
    US53-1634743
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • KFC / Restaurant

    Property Details for 12313 Capital Blvd

    Year built
    1989
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.00 lot acres
    Property size
    2,652 SF
    Zone code
    HB
    Property type
    Drive through restaurants
    APN
    1831.15-62-3848 0121775
    APU
    1831156238480121775

    Description

    This exceptional industrial property, located at 1333 Highland Road, offers a unique blend of class-A office space and a well-designed warehouse. Situated equidistant from the I-271/Route 8 interchange and Route 91, this prime location provides unparalleled access to major transportation arteries. The building boasts a total of 127,394 square feet, with 25,207 square feet currently available for lease. Features include 20-foot clear ceiling heights, a state-of-the-art fire sprinkler system, and ample parking. The property sits on the border of Macedonia and Twinsburg Township, offering an attractive park-like setting. The building is less than 1.2 miles from the I-271/Route 8 interchange and within 5 miles of the I-80 Ohio Turnpike, ensuring efficient logistics and distribution. The high-quality office finishes complement the clean and well-maintained warehouse space, making it ideal for a variety of businesses. This single-story building is perfect for companies seeking a modern, functional, and conveniently located industrial space in a highly desirable Summit County location. The multiple tenancy structure offers flexibility for various business needs.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Wake Forest
    County
    Wake
    State
    North Carolina
    Longitude
    -78.5392
    Latitude
    35.9826
    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
    $12,013
    $430,380
    $603,470
    $1,033,850
    -
    $430,380
    $603,470
    $1,033,850

    Comparable in this City

    • Value Estimation
      $1,695,000
      3,931 SF

      995 Durham Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,931 SF
      995 Durham Rd, Wake Forest, NC 27587-8794
      View Details
    • Value Estimation by Request
      1,837 SF

      1925 Main St

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,837 SF
      1925 Main St, Wake Forest, NC 27587-9290
      View Details
    • Value Estimation
      $600,000
      4,256 SF

      11730 Retail Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,256 SF
      11730 Retail Dr, Wake Forest, NC 27587-7349
      View Details
    • Value Estimation by Request
      1,312 SF

      11736 Retail Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,312 SF
      11736 Retail Dr, Wake Forest, NC 27587-7349
      View Details
    • Value Estimation
      $625,000
      4,213 SF

      12504 Capital Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 4,213 SF
      12504 Capital Blvd, Wake Forest, NC 27587-7487
      View Details
    • Value Estimation
      $595,000
      3,081 SF

      2207 Main St

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,081 SF
      2207 Main St, Wake Forest, NC 27587-9293
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,482 SF

      Wake Forest Commercial Property

      Commercial property in downtown Wake Forest suitable for redevelopment.
      306 Wait Ave, Wake Forest, NC 27587
      View Details
    • Contact for pricing

      Wake Forest Retail Opportunity

      Retail spaces available in Wake Forest, North Carolina.
      12255 Capital Blvd, Wake Forest, NC 27587
      View Details
    • $1,400,000
      7,440 SF

      Downtown Wake Forest Historic Building

      Historic, fully leased building in downtown Wake Forest.
      210 White St, Wake Forest, NC 27587
      View Details
    • $1,400,000
      7,440 SF

      Downtown Wake Forest Retail Property

      Historic, fully leased commercial building in downtown Wake Forest.
      210 White St, Wake Forest, NC 27587
      View Details
    • $1,500,000
      23,438 SF

      Wake Forest Development Opportunity

      2.75 acres with approved site plan for 31 apartments.
      306 S Allen Rd, Wake Forest, NC 27587
      View Details
    • Contact for pricing

      Wake Forest Commercial Land Opportunity

      General Business lot with utilities in rapidly growing area.
      5917 Mitchell Mill Rd, Wake Forest, NC 27587
      View Details

    Similar Nearby for Lease

    • $1,818 /Mo
      16,000 SF

      Turn-Key Commissary Kitchen Ready Now

      Fully equipped commercial kitchen for immediate occupancy and diverse culinary operations.
      5107 Unicon Dr, Wake Forest, NC 27587
      View Details
    • Contact for pricing

      Wake Forest Retail Space

      Retail and restaurant spaces available for lease in Wake Forest.
      12255 Capital Blvd, Wake Forest, NC 27587
      View Details
    • Contact for pricing

      Grocery Anchored Retail Center Space

      55,300 sq ft retail space at signalized intersection.
      Forestville Rd And Foundation Dr, Wake Forest, NC 27587
      View Details
    • Contact for pricing

      High-Visibility Retail Center in Raleigh

      Well-located retail center with diverse tenant mix and strong traffic.
      14460 New Fls Of Neuse Rd, Wake Forest, NC 27587
      View Details
    • Contact for pricing

      Community Shopping Center For Rent

      Community shopping center anchored by Harris Teeter in Wake Forest.
      1428 Brogden Woods Dr, Wake Forest, NC 27587
      View Details
    • Contact for pricing

      Wake Forest Business Center Retail

      Retail spaces available in Wake Forest business center.
      12339 Wake Union Church Rd, Wake Forest, NC 27587
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    12313 Capital Blvd
    Wake Forest, NC 27587-7485
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    12313 Capital Blvd, Wake Forest, NC, 27587

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!