Back to Search
Property profile & analytics
OFF-MARKET
Retail space
1628 Main St Wake Forest, NC 27587-8816
Entity Owned
5-yr Hold
Free & Clear
Property ID
US53-0686131
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2021
Construction
BRICK
Total area
10,764 SF
Lot
1.35 ac (58,806 SF)
Zoning code
NB
APN
1840.03-03-5482 0031530
UPID
US53-0686131
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
-
Wells Orthodontics Dental Office
-
Synergy Face + Body | Wake Forest Spa & Massage Center Alternative Medicine Practice
-
South Main Street Animal Hospital Veterinary Clinic
-
Forest Smoke Damage Experts General Contractor Renovation Specialist
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
Marlowe Capital Ventures LLC · 5 yrs held
Marlowe Capital Ventures LLC
since 2021
Last sale
$55,000
7 recorded transactions
Zoning & alternative use
NB · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$30,200
Tax year 2023
Assessed value
$2,598,997
Assessed 2023
Previous assessed
$2,598,997
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$352,836
Assessed improvement
$2,246,161
Land market value
$352,836
Improvement market value
$2,246,161
Total market value
$2,598,997
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2021
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Rooms
6
Bathrooms
1
Total area
10,764 SF
Lot
1.35 ac (58,806 SF)
Zoning code
NB
APN
1840.03-03-5482 0031530
UPID
US53-0686131
Jurisdiction
WAKE
Zoning & alternative use
NB · Wake Forest, NC
Zoning NB · permitted uses
NB · 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.
Building & site characteristics
From public records
Year built
2021
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Rooms
6
Bathrooms
1
Lot
1.35 ac
Current owner
From public records · entity-resolved
Marlowe Capital Ventures LLC
Entity
Free & Clear · 5 yrs held
Mailing address
3700 COMPUTER DR, RALEIGH, NC 27609-6505
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 19, 2021
—
Marlowe Capital Ventures LLC
—
Deed
related
$3,700,000 · United Community Bank
Mar 1, 2021
—
Marlowe Capital Ventures LLC
William A III
Quit Claim Deed
related
—
Jan 23, 2018
—
Marlowe Anderson
Marlowe,anderson & Yvonne B
Quit Claim Deed
related
—
Jan 28, 2011
$55,000
Marlowe Anderson
Suntrust Bk
Grant Deed
—
Jan 28, 2011
—
Marlowe Anderson
Suntrust Bk
Grant Deed
related
—
Jul 13, 2010
$110,000
Suntrust Bk
Edwards James K
Trustees Deed
related
—
Jan 11, 2005
—
Chad M Zuehlke
Zuehlke,james R & Linda
Quit Claim Deed
related
$365,000 · Central Carolina Bank & Trust
—
—
Chad M Zuehlke
—
Deed Of Trust
related
$350,000 · Crescent State Bank
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 1628 Main St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
