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    Property profile & analytics

    402 Main St Rolesville, NC 27571-9663

    • Drug stores
    • 14,652 SF
    • 1.74 lot acres
    OFF-MARKET
    Value Estimation
    Location Intelligence
    Property ID
    US53-0185081
    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

    • CVS / Drug Store / Beauty Supply Store
    • CVS Pharmacy / Pharmacy
    • UPS Access Point location / Mailing Service / Shipping Service
    • CDReload Instant Bitcoin / Crypto Atm
    • Coinhub Bitcoin ATM Teller / Atm

    Property Details for 402 Main St

    Year built
    2004
    Construction
    BRICK
    Lot size
    1.74 lot acres
    Property size
    14,652 SF
    Zone code
    CO
    Property type
    Drug stores
    APN
    1758.08-89-2738 0311764
    APU
    1758088927380311764

    Description

    This exceptional investment opportunity presents a fee-simple, Class A, 13,824 square foot CVS Pharmacy located at 402 S Main St, Rolesville, NC 27571. The property sits on a 1.74-acre lot and boasts a strong 5.93% cap rate with a Net Operating Income (NOI) of $308,490. The absolute NNN lease with CVS Health, a Fortune 500 company, features a remaining term of 12.2 years, expiring January 30, 2037, with multiple 5-year renewal options and rent bumps in each option. The property benefits from a high-traffic location at the signalized intersection of S Main Street (15,000 vehicles per day) and Rogers Road (9,000 vehicles per day) in Rolesville, NC, within the Raleigh-Durham-Cary MSA. Rolesville is experiencing explosive growth, having grown over 150% between 2010 and 2020, with over 2,400 dwelling units currently under construction or review. Population growth within a 3-mile radius is projected at nearly 12% between 2023 and 2028. The property enjoys strong retail synergy, surrounded by national retailers including Food Lion, McDonald's, AutoZone, Dollar General, Sonic, and future locations of Publix, 7-Eleven, and Bojangles. The asking price is $5,200,000 ($376.16 per square foot), making this an ideal 1031 exchange opportunity. The property is 100% occupied and built in 2005.

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Rolesville
    County
    Wake
    State
    North Carolina
    Longitude
    -78.4656
    Latitude
    35.9189
    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
    $55,651
    $805,311
    $4,176,835
    $4,982,146
    -
    $805,311
    $4,176,835
    $4,982,146

    Comparable in this City

    • Value Estimation by Request
      1,972 SF

      100 Young St

      RETAIL STORES (PERSONAL SERVICES) • 1,972 SF
      100 Young St, Rolesville, NC 27571
      View Details
    • Value Estimation
      $1,105,000
      1,705 SF

      413 Main St

      GROCERY, SUPERMARKET • 1,705 SF
      413 Main St, Rolesville, NC 27571-9664
      View Details
    • Value Estimation
      $360,000
      4,860 SF

      102 Main St

      RETAIL STORES (PERSONAL SERVICES) • 4,860 SF
      102 Main St, Rolesville, NC 27571-9657
      View Details
    • Value Estimation by Request
      5,915 SF

      250 Southtown Cir

      RETAIL STORES (PERSONAL SERVICES) • 5,915 SF
      250 Southtown Cir, Rolesville, NC 27571
      View Details
    • Value Estimation by Request
      6,700 SF

      Main St

      RETAIL STORES (PERSONAL SERVICES) • 6,700 SF
      Main St, Rolesville, NC 27571
      View Details
    • Value Estimation by Request
      3,000 SF

      112 Southtown Cir, Unit 102

      RETAIL STORES (PERSONAL SERVICES) • 3,000 SF
      112 Southtown Cir, Rolesville, NC 27571-9591
      View Details

    Similar Nearby for Sale

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      Wallbrook Outparcel: Prime Rolesville Land

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    Rolesville, NC 27571-9663
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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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