Property profile

1248 Main St Wake Forest, NC 27587

OFF-MARKET
Turn key restaurants
Property ID
US53-2459978
3,464 SF 1.04 ac lot Built 1930
Entity Owned 10-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Turn key restaurants
Use group RESTAURANT
Year built 1930
Construction FRAME
Total area 3,464 SF
Lot 1.04 ac (45,302 SF)
Zoning code NB
APN 1840.10-25-5502 0035164
UPID US53-2459978

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
  • Restaurant

Location

1248 Main St Wake Forest, NC 27587-9645
Wake Forest metro Census 54206 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$380k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$380k

Owner & transaction history

since 2015
4 recorded transactions
2015
$550,000
2008
$550,000
2007
$550,000
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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