Realmo Analytics

Get reports on 50M+ commercial properties in the US. Find and target property leads based on your business goal.

Property profile

238 Allen Rd Wake Forest, NC 27587

OFF-MARKET
Office buildings
Property ID
US53-1057209
2,909 SF 0.42 ac lot Built 1985
Last sale Jul 2013 · $110,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 4-yr Hold Held for 4 years. Free & Clear No active or open recorded mortgage detected.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

238 South Allen Street is a two-story commercial building configured for high-capacity service use, with up to 15 ready-made salon suites. The interior includes a full kitchen, four restrooms, and dedicated storage and laundry facilities. The property is located near Historic Downtown Wake Forest, with convenient access to the NC-98 corridor and US-1. It provides 12 onsite parking spaces and ADA accessibility through integrated ramps. The building is suitable for service-focused tenants within flexible NMX (Neighborhood Mixed-Use) zoning.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2023

What does the county charge?
$4k
Tax billed · 2023
Assessed value$387k
Assessed land$74k
Assessed improvement$313k
Effective rate1.16%

Value estimate

· Oct 2026
$115k
$104k – $127k
AI approach$125k

Realmo valuation models over county records and 5 qualifying comparable sales.

Recently sold

What actually traded nearby?
$217/SF
ZIP average, outlier-cleaned · 75 recorded sales of this use type
Observed band · Q1–Q3$171 – $257
Qualifying comparables5

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
NMX
The Neighborhood Mixed-Use District is established as a pedestrian-scaled, mixed-use district which caters to the everyday needs of nearb...
General categoryMIXED_USE
JurisdictionWAKE

Location intelligence

Which uses thrive at this corner?
Best fit: Barber Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Barber Shop9.0
Building Supply8.4
Bakery8.3

Location

238 Allen Rd Wake Forest, NC 27587-2608
County assessor Recorded deeds · 2 transfers 5 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 12 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
508 White, Wake Forest, NC 27587-2921 $80,000 Feb 2025 1,742 SF
123 Capcom, Wake Forest, NC 27587-6517 $500,000 May 2024 2,096 SF
314 Brks, Wake Forest, NC 27587-2902 $661,000 Feb 2023 4,020 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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 238 Allen Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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
Why this one?
Saved