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    Property profile & analytics

    340 Main St Wake Forest, NC 27587-2322

    • Investment properties
    • 4,046 SF
    • 0.47 lot acres
    OFF-MARKET
    Value Estimation
    $315,000
    Location Intelligence
    Property ID
    US53-0899984
    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

    • Utility Service Agency Inc / Utility Contractor

    Property Details for 340 Main St

    Year built
    1890
    Construction
    FRAME
    Lot size
    0.47 lot acres
    Property size
    4,046 SF
    Zone code
    RMX
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    1841.15-53-4348 0043407
    APU
    1841155343480043407

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $350,000

    • CAP approach

      CAP return
      Estimation
      6%
      $225,000
      6.5%
      $265,000
      7%
      $270,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $240,000
      Geo Method
      $240,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $260,000
      Retail
      $210,000
      Mixed-Use
      $270,000
      Hospitality
      $275,000
      Educational
      $265,000
      Residential Income
      $275,000
      Energy
      $225,000
      Income-Based Land
      $240,000
      Food Service
      $250,000

    Location Insight

    • Map
    • Local Demand
    City
    Wake Forest
    County
    Wake
    State
    North Carolina
    Longitude
    -78.5083
    Latitude
    35.9839
    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
    $6,324
    $102,365
    $441,838
    $544,203
    -
    $102,365
    $441,838
    $544,203

    Comparable in this City

    • Value Estimation
      $285,000
      2,256 SF

      1633 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,256 SF
      1633 Main St, Wake Forest, NC 27587-9286
      View Details
    • Value Estimation by Request
      1,904 SF

      112 Ws Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,904 SF
      112 Ws Ave, Wake Forest, NC 27587-2540
      View Details
    • Value Estimation
      $435,000
      3,098 SF

      3901 Burlington Mls Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 3,098 SF
      3901 Burlington Mls Rd, Wake Forest, NC 27587-9100
      View Details
    • Value Estimation
      $310,000
      6,390 SF

      217 White St

      OFFICE/RESIDENTIAL (MIXED USE) • 6,390 SF
      217 White St, Wake Forest, NC 27587-2741
      View Details
    • Value Estimation
      $240,000
      1,064 SF

      845 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 1,064 SF
      845 Main St, Wake Forest, NC 27587-2807
      View Details
    • Value Estimation by Request
      2,040 SF

      450 Main St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,040 SF
      450 Main St, Wake Forest, NC 27587-2324
      View Details

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    Similar Nearby for Lease

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      Historic River Mill Condo Rental

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      View Details
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    340 Main St
    Wake Forest, NC 27587-2322
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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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