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Property profile & analytics
OFF-MARKET
Estimated value
$2,655,000
Community centers
12616 Capital Blvd, Wake Forest, NC 27587-7489
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-4033454
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2016
Construction
BRICK
Total area
7,531 SF
Lot
1.11 ac (48,352 SF)
Zoning code
HB
APN
1831.12-85-8370 0377676
UPID
US53-4033454
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
-
Mattress Firm Wake Forest Crossing Furniture & Home Goods
-
The Vitamin Shoppe (Bike/Boat/Book/etc) Store Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$2.94M
CAP Approach
CAP
$2.32M
Comparable Approach
Comparable
$2.87M
Blend (final)
Blend
$2.66M
Owner & transaction history
Crescent 1000 LLC · 3 yrs held
Crescent 1000 LLC
since 2022
Last sale
$2.5M
5 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
$2,870,000
ML approach
$2,940,000
CAP Approach
CAP Return
Estimation
6%
$2,510,000
6.5%
$2,315,000
7%
$2,150,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$4,150,000
Current use
RESTAURANT
$4,065,000
Change: -2% · Conversion: Difficult
Blend value · Realmo final
$2.66M
Range $2.39M – $2.92M · ±10% · vs last sale $2.47M (Aug 25 2022)
Last sale anchor
$2.47M
Aug 25 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
$353 / 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
$23,920
Tax year 2023
Assessed value
$2,058,484
Assessed 2023
Previous assessed
$2,058,484
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$458,278
Assessed improvement
$1,600,206
Land market value
$458,278
Improvement market value
$1,600,206
Total market value
$2,058,484
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
2016
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
7,531 SF
Lot
1.11 ac (48,352 SF)
Zoning code
HB
APN
1831.12-85-8370 0377676
UPID
US53-4033454
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
$4.2M
RESTAURANT
Est. value
$4.1M
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
2016
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.11 ac
Current owner
From public records · entity-resolved
Crescent 1000 LLC
Entity
Mailing address
100 CRESCENTCOMMONS DR STE #101, CARY, NC 27518-2601
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 25, 2022
—
Crescent 1000 LLC
Wake Forest Crossing Owner LLC
Warranty Deed
$32,325,000 · Wells Fargo Bank NA
Aug 25, 2022
$42,149,000
Crescent 1000 LLC
Wake Forest Crossing Owner LLC
Special Warranty Deed
—
Feb 20, 2017
—
Wake Forest Crossing Owner LLC
—
Grant Deed
related
$24,000,000 · Td Bk NA
Sep 27, 2016
$36,600,000
Wake Forest Crossing Owner LLC
Weingarten Of Investments INC
Grant Deed
—
Nov 6, 2015
—
Weingarten Of Investments INC
Weingarten Nostat INC
Quit Claim Deed
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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