Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    216 Jones Ave Wake Forest, NC 27587-2708

    • Investment properties
    • 1,722 SF
    • 0.23 lot acres
    OFF-MARKET
    Value Estimation
    $300,000
    Location Intelligence
    Property ID
    US53-5781331
    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.

    Current Use by Public Records

    • Bella Music / Music School / Music Instructor

    Property Details for 216 Jones Ave

    Year built
    1905
    Lot size
    0.23 lot acres
    Property size
    1,722 SF
    Zone code
    RA HC
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    1841.19-51-2036 0070783
    APU
    1841195120360070783

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $320,000

    • CAP approach

      CAP return
      Estimation
      6%
      $235,000
      6.5%
      $265,000
      7%
      $255,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $290,000
      Geo Method
      $225,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $225,000
      Retail
      $230,000
      Mixed-Use
      $265,000
      Hospitality
      $265,000
      Educational
      $210,000
      Residential Income
      $235,000
      Energy
      $270,000
      Income-Based Land
      $245,000
      Food Service
      $245,000

    Location Insight

    • Map
    • Local Demand
    City
    Wake Forest
    County
    Wake
    State
    North Carolina
    Longitude
    -78.5092
    Latitude
    35.9775
    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
    2023
    $2,166
    $75,744
    $84,435
    $160,179
    -
    $75,744
    $84,435
    $160,179

    Comparable in this City

    • Value Estimation
      $505,000
      4,178 SF

      1051 Durham Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 4,178 SF
      1051 Durham Rd, Wake Forest, NC 27587-9036
      View Details
    • Value Estimation
      $500,000
      2,968 SF

      229 Owen Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 2,968 SF
      229 Owen Ave, Wake Forest, NC 27587-2717
      View Details
    • Value Estimation by Request
      3,121 SF

      13371 Wake Un Church Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 3,121 SF
      13371 Wake Un Church Rd, Wake Forest, NC 27587-7451
      View Details
    • Value Estimation
      $395,000
      3,160 SF

      417 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 3,160 SF
      417 Main St, Wake Forest, NC 27587-2909
      View Details
    • Value Estimation
      $255,000
      2,028 SF

      1751 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,028 SF
      1751 Main St, Wake Forest, NC 27587-9287
      View Details
    • Value Estimation
      $250,000
      1,242 SF

      1701 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,242 SF
      1701 Main St, Wake Forest, NC 27587-9287
      View Details

    Similar Nearby for Sale

    • $1,000,000
      3.97 Acres

      Forestville Road Commercial Outparcel

      Prime Wake Forest Retail Land, High Growth Area
      0 Forestville Rd, Wake Forest, NC 27587
      View Details
    • $325,000
      Pending

      Watkins Pond Scenic Retreat

      37 acres of scenic property with recreational opportunities near Raleigh.
      4505 Mitchell Mill Rd, Wake Forest, NC 27587
      View Details
    • $359,900
      2,078 SF

      Updated Home with Modern Charm

      Updated 3-bedroom home with new flooring and stylish fixtures.
      1110 Fairway Villas Dr, Wake Forest, NC 27587
      View Details
    • $350,000
      1,586 SF

      Magnolia Trace Condominium on White Street

      Modern 3-bedroom condominium near downtown Wake Forest.
      136 N White St, Wake Forest, NC 27587
      View Details
    • $1,000,000
      3 SF

      Land For Outparcel Development

      Land for sale in Raleigh near US Hwy 401.
      Forestville Rd, Raleigh, NC 27587
      View Details
    • $299,900

      Wake Forest Estate Lot

      Estate lot in central Wake Forest location.
      1451 Cimarron Pkwy, Wake Forest, NC 27587
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Wake Forest Retail Space Available

      Prime Wake Forest location, multiple spaces, high visibility.
      14460 New Fls Of Neuse Rd, Wake Forest, NC 27587
      View Details
    • Contact for pricing
      55,300 SF

      Heritage Walk: Prime Retail Space

      7.86-acre Retail Center, 55,300 SF
      0 Forestville Rd And Foundation Dr, Wake Forest, NC 27587
      View Details
    • $1,600 /Mo

      Caddell Woods Home For Rent

      3 beds, 2.5 baths, convenient location, renovated kitchen.
      2828 Gross Ave, Wake Forest, NC 27587
      View Details
    • Contact for pricing

      Wake Forest Commercial Land Opportunity

      1.1-Acre Commercial Lot, Prime Location
      0 Franklin St, Wake Forest, NC 27587
      View Details
    • $3,995 /Mo
      1,920 SF

      Wake Forest Office Space

      Office space in a convenient location with ample parking.
      839 Durham Rd, Wake Forest, NC 27587
      View Details
    • $1,800 /Mo

      Historic River Mill Condo Rental

      Top floor, 3-bedroom condo near Neuse River headwaters.
      1500 River Mill Dr, Wake Forest, NC 27587
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    216 Jones Ave
    Wake Forest, NC 27587-2708
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.