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    Property profile & analytics

    303 Roosevelt Ave Wake Forest, NC 27587-2756

    • Auto shops
    • 14,557 SF
    • 2.52 lot acres
    OFF-MARKET
    Value Estimation
    $2,495,000
    Last Sale
    Apr 07, 2022
    $2,200,000
    Location Intelligence
    Property ID
    US53-0745371
    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

    • Calens Cars / Used Car Dealer
    • Miguels Muffler & Tire Shop / Muffler Shop / Mechanic
    • Smith Automotive Inc / Auto Repair Shop
    • VFM SEO / Internet Marketing Service

    Property Details for 303 Roosevelt Ave

    Year built
    1954
    Construction
    BRICK
    Lot size
    2.52 lot acres
    Property size
    14,557 SF
    Zone code
    UMX
    Property type
    Auto shops
    APN
    1841.19-51-6796 0062012
    APU
    1841195167960062012

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,550,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,105,000
      6.5%
      $2,355,000
      7%
      $2,205,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,575,000
      Geo Method
      $2,245,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,270,000
      Retail
      $1,955,000
      Mixed-Use
      $2,325,000
      Hospitality
      $2,435,000
      Educational
      $2,115,000
      Residential Income
      $2,610,000
      Energy
      $2,260,000
      Income-Based Land
      $1,970,000
      Food Service
      $2,130,000

    Location Insight

    • Map
    • Local Demand
    City
    Wake Forest
    County
    Wake
    State
    North Carolina
    Longitude
    -78.5076
    Latitude
    35.9793
    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
    $16,512
    $879,266
    $388,974
    $1,268,240
    -
    $879,266
    $388,974
    $1,268,240

    Comparable in this City

    • Value Estimation
      $3,490,000
      7,400 SF

      2200 Main St

      AUTO REPAIR, GARAGE • 7,400 SF
      2200 Main St, Wake Forest, NC 27587-8818
      View Details
    • Value Estimation by Request
      4,200 SF

      949 Gtwy Cmns Cir

      AUTO REPAIR, GARAGE • 4,200 SF
      949 Gtwy Cmns Cir, Wake Forest, NC 27587-5993
      View Details
    • Value Estimation by Request
      4,000 SF

      3223 Purnell Rd

      AUTO REPAIR, GARAGE • 4,000 SF
      3223 Purnell Rd, Wake Forest, NC 27587-9482
      View Details
    • Value Estimation by Request
      4,858 SF

      1751 Heritage Ctr Dr

      AUTO REPAIR, GARAGE • 4,858 SF
      1751 Heritage Ctr Dr, Wake Forest, NC 27587-3924
      View Details
    • Value Estimation by Request
      8,550 SF

      2604 Teletec Plz

      AUTO REPAIR, GARAGE • 8,550 SF
      2604 Teletec Plz, Wake Forest, NC 27587-5164
      View Details
    • Value Estimation by Request
      4,920 SF

      935 Gtwy Cmns Cir

      AUTO REPAIR, GARAGE • 4,920 SF
      935 Gtwy Cmns Cir, Wake Forest, NC 27587-5993
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,200 SF

      Wake Forest Car Wash Opportunity

      High-traffic location, redevelopment potential.
      2208 Main St, Wake Forest, NC 27587
      View Details
    • $1,000,000
      3.97 Acres

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      Prime Wake Forest Retail Land, High Growth Area
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      Wake Forest Retail Opportunity

      Retail spaces available in Wake Forest, North Carolina.
      12255 Capital Blvd, Wake Forest, NC 27587
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    • $1,250,000
      1.10 Acres

      Holding Village Commercial Land

      1.1-Acre Commercial Lot, Wake Forest, NC
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      Wake Forest Walmart Outparcel Land

      High-traffic location, prime development opportunity.
      11220 Capital Blvd, Wake Forest, NC 27587
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    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
    • $1,818 /Mo
      16,000 SF

      Turn-Key Commissary Kitchen Ready Now

      Fully equipped commercial kitchen for immediate occupancy and diverse culinary operations.
      5107 Unicon Dr, Wake Forest, NC 27587
      View Details
    • Contact for pricing
      164,790 SF

      Wake Forest Exchange: R&D Space

      Prime Wake Forest R&D space available.
      0 Star Rd And Capital Blvd, Wake Forest, NC 27587
      View Details
    • Contact for pricing
      36,932 SF

      Wake Forest Business Center Retail

      Retail spaces available in Wake Forest business center.
      12339 Wake Union Church Rd, 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
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    303 Roosevelt Ave
    Wake Forest, NC 27587-2756
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    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
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