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Property profile & analytics
OFF-MARKET
Estimated value
$1,685,000
Retail space
2115 Main St Wake Forest, NC 27587-5011
Individually Owned
2-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-0707748
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2000
Construction
METAL FRAME
Total area
9,500 SF
Lot
0.67 ac (29,185 SF)
Zoning code
HB
APN
1830.04-70-8270 0270265
UPID
US53-0707748
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
-
Garner Family Care Services Medical Clinic
-
Bespoke Cuts Barber Shop
-
Select Physical Therapy - Wake Forest Medical Clinic
-
MainStreet Family Care Medical Clinic
-
KidsStreet Urgent Care Medical Clinic
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.95M
Blend (final)
Blend
$1.69M
Owner & transaction history
The Blood Connection · 2 yrs held
The Blood Connection
since 2023
7 recorded transactions
Zoning & alternative use
HB · 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
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$2,270,000
Current use
OFFICE BUILDING
$2,060,000
Change: -9% · Conversion: Easy
Blend value · Realmo final
$1.69M
Range $1.52M – $1.85M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$177 / SF
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
$14,758
Tax year 2023
Assessed value
$1,270,043
Assessed 2023
Previous assessed
$1,270,043
+0.0% YoY
Effective rate
1.16%
On assessed value
Assessed land
$423,183
Assessed improvement
$846,860
Land market value
$423,183
Improvement market value
$846,860
Total market value
$1,270,043
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
2000
Construction
METAL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
9,500 SF
Lot
0.67 ac (29,185 SF)
Zoning code
HB
APN
1830.04-70-8270 0270265
UPID
US53-0707748
Jurisdiction
WAKE
Zoning & alternative use
HB · Wake Forest, NC
Zoning HB · permitted uses
HB · 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.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.3M
OFFICE BUILDING
Est. value
$2.1M
RETAIL STORES Current
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2000
Construction
METAL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.67 ac
Current owner
From public records · entity-resolved
The Blood Connection
Individual
Mailing address
1099 BRACKEN RD, PIEDMONT, SC 29673-9644
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 23, 2023
—
The Blood Connection
Wake Forest Professional Center LLC
Lease
—
Aug 1, 2018
—
Wake Forest Prof Ctr LLC
—
Deed
related
$700,000 · Clipper Petroleum INC
Mar 21, 2018
—
Wake Forest Prof Center LLC
—
Trustees Deed
related
$300,000 · Rajendra V Patel
Jun 1, 2016
$750,000
Standard Ins Co
Biltmore Holdings LLC
Grant Deed
—
Jul 22, 2015
$1,250,000
Wake Forest Prof Center LLC
Davidson Duke Holdings LLC
Grant Deed
$1,000,000 · First Citizens Bk
Jan 18, 2013
—
Davidson Duke Holdings LLC
Wake Forest Inv Group INC
Grant Deed
related
$865,000 · North State Bank
Jan 12, 2004
$995,000
Davidson Duke Holdings LLC
Wake Forest Inv Group INC
Warranty Deed
related
$895,500 · Central Carolina Bank & Trust
—
—
Davidson Duke Holdings LLC
—
Deed Of Trust
related
$50,000 · North St Bk
—
—
Davidson Duke Holdings LLC
—
Deed Of Trust
related
$888,000 · Fifth Third Bank
—
—
Wake Forest Prof Ctr LLC
—
Deed Of Trust
related
$700,000 · Clipper Petroleum INC
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.
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