17 Main St Wendell, NC 27591-8076
Property profile & analytics
17 Main St Wendell, NC 27591-8076
- Investment properties
- 5,500 SF
- 0.07 lot acres
Property ID
US53-1723226
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- Investment properties
Property Details for 17 Main St
- Year built
- 1920
- Construction
- BRICK
- Lot size
- 0.07 lot acres
- Property size
- 5,500 SF
- Zone code
- DMX
- Property type
- Investment properties
- Property subtype
- Retail residential properties
- APN
- 1783.07-69-7993 0056474
- APU
- 1783076979930056474
Description
This exceptional value-add opportunity presents a two-tenant, 9,500 square foot retail building located at 17-21 N Main Street in the heart of rapidly growing Wendell, North Carolina. The property, built in 1911 and extensively renovated in 2023, boasts a Class B designation and features a mix of bar and storefront spaces. Currently operating at 100% occupancy with a new lease signed, the building offers a strong, stable income stream. Recent improvements include a complete sprinkler system installation (2023), the addition of new bathrooms (2023), new HVAC units (2020), and roof sealing (2020). The property is zoned DMX and sits on a single, two-story building. The current lease is a NNN lease with a remaining term of approximately 0.9 years, expiring October 31, 2025, and commenced January 1, 2019. The current Net Operating Income (NOI) is $50,000, while the pro-forma NOI is projected at $142,500, reflecting a significant potential for increased profitability. The asking price is $1,750,000, representing a current cap rate of 2.86% and a pro-forma cap rate of 8.14%. The property's prime location in downtown Wendell, adjacent to the substantial Wendell Falls housing development, ensures strong future growth potential. The property's APN is 1783697993. This is a rare opportunity to acquire a well-maintained, high-potential commercial property in a thriving North Carolina market.
Value Estimations
based on Realmo’s proprietary methodology
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,265,000
- 6.5%
- $1,170,000
- 7%
- $1,085,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $647,000
Market price range: $443k - $890k
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Wendell
- County
- Wake
- State
- North Carolina
- Longitude
- -78.3702
- Latitude
- 35.7814
- CBSA code
- 39580
- CBSA name
- RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$4,367
$109,764
$309,771
$419,535
-
$109,764
$309,771
$419,535
