13216 Capital Blvd, Wake Forest, NC 27587
This exceptional 12.17-acre mixed-use property presents a remarkable investment opportunity in Wake Forest, North Carolina. Strategically located along US-1 and Capital Boulevard, this land enjoys a prime position within the Six Forks/Falls of Neuse submarket, a rapidly developing area. Its location along a major commuting corridor ensures high visibility and accessibility. The property is zoned HB CD, offering flexibility for a variety of commercial and residential developments. Proximity to downtown Wake Forest (2.0 miles) and downtown Raleigh (18.8 miles) further enhances its appeal. The site's ideal location makes it particularly well-suited for multifamily development, catering to the growing demand for housing in this desirable area. This significant land parcel offers substantial potential for developers seeking to capitalize on the area's robust growth trajectory. Serious inquiries should include purchase price, capital source (debt and equity), earnest money deposit details, due diligence period, and closing period. Shorter due diligence periods will be given favorable consideration.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.