Property profile

13216 Capital Blvd Wake Forest, NC 27587

OFF-MARKET
Mixed-use properties
Property ID
US53-5709515
12.17 ac lot
Entity Owned 4-yr Hold
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Property summary

AI-generated overview

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.

Property profile

Verified
Property type Mixed-use properties
Lot 12.17 ac (530,125 SF)
UPID US53-5709515

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

13216 Capital Blvd Wake Forest, NC 27587
Wake Forest metro
Google Maps

Value estimations

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

Owner & transaction history

since 2021
2 recorded transactions
2021
$2.8M
2021
$2.5M

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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