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    Property profile & analytics
    OFF-MARKET
    Commercial real estate

    13216 Capital Blvd, Wake Forest, NC 27587

    12.17 ac lot
    Entity Owned 4-yr Hold
    Property ID
    US53-5709515
    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 Commercial real estate
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Dresser Court Properties LLC · 4 yrs held
    Dresser Court Properties LLC
    since 2021
    2 recorded transactions
    2021
    $2.8M
    2021
    $2.5M
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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