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    3832 Rogers Rd Wake Forest, NC 27587
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    3832 Rogers Rd Wake Forest, NC 27587

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    • Commercial land
    For Sale
    $1,013,200
    View Listing →
    Wake Forest Acreage For Sale For Sale
    $1,013,200
    2.98 Acres

    Wake Forest Acreage For Sale

    2.98 acre lot in Wake Forest near retail.

    3832 Rogers Rd, Wake Forest, NC 27587
    View Listing
    Property ID
    US53-1351713
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial land

    Property Details for 3832 Rogers Rd

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    2.98 acre lot on Rogers Rd in Wake Forest near the corner of Rogers Rd and Forestville Rd. Great location near retail, medical offices, Heritage Middle and High Schools, subdivisions, and other developments.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Wake Forest
    County
    Wake
    State
    North Carolina
    Longitude
    -78.4984429
    Latitude
    35.9437968

    Comparable in this City

    • $225,000

      Wake Forest Land For Sale

      7.5 acres of commercial land available in Wake Forest.
      Star Rd, Wake Forest, NC 27587
      View Details
    • $495,000
      Pending

      Wake Forest Investment Opportunity

      Two fully rented duplexes near downtown Wake Forest.
      425 Pearce Ave, Wake Forest, NC 27587
      View Details
    • $1,390,000
      6.55 Acres

      Rolesville Land Near Future Facility

      6.55 acre site near future Wake Med facility.
      1200 Granite Falls Blvd, Rolesville, NC 27587
      View Details
    • Contact for pricing
      7,000 SF

      Commercial Outparcel Land For Sale

      Commercial land available near US Hwy 401 and Forestville Road.
      Forestville Rd, Wake Forest, NC 27587
      View Details
    • $1,390,000

      High Growth Area Land Opportunity

      Land suitable for medical offices, daycare, senior living, multi-family.
      1200 Granite Falls Blvd, Rolesville, NC 27587
      View Details

    Similar Nearby for Sale

    • $225,000

      Wake Forest Land For Sale

      7.5 acres of commercial land available in Wake Forest.
      Star Rd, Wake Forest, NC 27587
      View Details
    • $495,000
      Pending

      Wake Forest Investment Opportunity

      Two fully rented duplexes near downtown Wake Forest.
      425 Pearce Ave, Wake Forest, NC 27587
      View Details
    • $1,390,000

      High Growth Area Land Opportunity

      Land suitable for medical offices, daycare, senior living, multi-family.
      1200 Granite Falls Blvd, Rolesville, NC 27587
      View Details
    • $1,390,000
      6.55 Acres

      Rolesville Land Near Future Facility

      6.55 acre site near future Wake Med facility.
      1200 Granite Falls Blvd, Rolesville, NC 27587
      View Details
    • Contact for pricing
      7,000 SF

      Commercial Outparcel Land For Sale

      Commercial land available near US Hwy 401 and Forestville Road.
      Forestville Rd, Wake Forest, NC 27587
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      30-Acre Business Community Land

      30-acre business community near US 1 and South Main Street.
      Star Rd And Capital Blvd, Raleigh, NC 27587
      View Details
    • Contact for pricing
      1 SF

      Wake Forest Commercial Parcel

      1.1-acre commercial parcel for sale or ground lease.
      S Franklin St, Wake Forest, NC 27587
      View Details
    • Contact for pricing
      4 SF

      Wake Forest Commercial Land Parcel

      4.36-acre commercial land for sale or ground lease.
      Dr. Calvin Jones Hwy, Wake Forest, NC 27587
      View Details
    • Contact for pricing

      Commercial Parcel in Holding Village

      1.1-acre commercial parcel for sale or ground lease.
      S Franklin St, Wake Forest, NC 27587
      View Details
    • Contact for pricing

      Wake Forest Retail Pad Site

      0.70-acre pad site in Wake Forest Crossing Shopping Center.
      12620 Capital Blvd, Wake Forest, NC 27587
      View Details
    • Contact for pricing

      Wake Forest Office Suite

      Class B office suite in a growing commercial market.
      10520 Ligon Mill Rd, Wake Forest, NC 27587
      View Details
    View Listing
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    Wake Forest, NC 27587
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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