Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    OFF-MARKET Estimated value $1,440,000
    Assisted living facilities

    4230 Wendell Blvd, Wendell, NC 27591-8412

    26,926 SF 4.11 ac lot Built 1979
    Entity Owned 16-yr Hold ~ Est. High Equity
    Property ID
    US53-1721226
    Property summary
    AI-generated overview

    This exceptional investment opportunity presents a substantial 26,926 square foot mixed-use building situated on a generous 4.11-acre lot in Wendell, NC. The property currently comprises fifty individual one-bedroom, one-bathroom units, presenting a strong foundation for immediate income generation. The versatile nature of the building allows for a multitude of potential uses, making it an attractive prospect for diverse investors. Consideration could be given to continuing its operation as multifamily housing, or exploring alternative uses such as office space, a daycare center, medical offices, or even a hotel conversion. The expansive lot size offers ample room for future expansion or development, adding further value to this already impressive property. Located at 4230 Wendell Boulevard Unit 4230, this property is priced at $2,500,000 and represents a significant opportunity for substantial returns. The substantial size and flexible zoning make this a rare find in the thriving Wendell market. Serious inquiries are encouraged to explore the full potential of this remarkable investment. The property's current configuration and location provide a solid base for a variety of income-generating ventures.

    Property profile
    Verified
    Property type Assisted living facilities
    Use group HOMES (RETIRED, NURSING)
    Year built 1979
    Construction BRICK
    Total area 26,926 SF
    Lot 4.11 ac (179,032 SF)
    Zoning code NC
    APN 1794.17-01-8793 0024045
    UPID US53-1721226
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $1.35M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.44M
    Owner & transaction history
    Wendell Hcre LLC · 16 yrs held
    Wendell Hcre LLC
    since 2009
    Last sale
    $1.5M
    4 recorded transactions
    2009
    $1.7M
    2005
    $3.1M
    2002
    $2.7M
    1969
    Zoning & alternative use
    NC · Wendell, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Warehouse, storage $2.0M +189.2%
    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 4230 Wendell Blvd?
    List it free. Reach 20,000 daily buyers.
    We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
    List this address →
    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