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    Property profile & analytics

    4601 Durham Rd Wake Forest, NC 27587

    • Grocery and convenience stores
    • 3,657 SF
    • 1.51 lot acres
    OFF-MARKET
    Value Estimation
    $2,295,000
    Last Sale
    Dec 16, 2024
    $2,300,000
    Location Intelligence
    Property ID
    US53-1132638
    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

    • Grocery and convenience stores

    Property Details for 4601 Durham Rd

    Year built
    1984
    Construction
    FRAME
    Lot size
    1.51 lot acres
    Property size
    3,657 SF
    Zone code
    R-40W
    Property type
    Grocery and convenience stores
    APN
    0891.04-54-1410 0058738
    APU
    891045414100058738

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,300,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,360,000
      6.5%
      $2,485,000
      7%
      $2,050,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,070,000
      Geo Method
      $2,640,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,280,000
      Retail
      $1,940,000
      Mixed-Use
      $2,130,000
      Hospitality
      $2,230,000
      Educational
      $2,155,000
      Residential Income
      $2,130,000
      Energy
      $1,910,000
      Income-Based Land
      $2,405,000
      Food Service
      $2,650,000

    Location Insight

    • Map
    • Local Demand
    City
    Wake Forest
    County
    Wake
    State
    North Carolina
    Longitude
    -78.6785
    Latitude
    35.9872
    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
    $6,164
    $186,600
    $665,406
    $852,006
    -
    $186,600
    $665,406
    $852,006

    Comparable in this City

    • Value Estimation by Request
      35,981 SF

      1120 Main St

      GROCERY, SUPERMARKET • 35,981 SF
      1120 Main St, Wake Forest, NC 27587-9280
      View Details
    • Value Estimation by Request
      3,730 SF

      13960 Capital Blvd

      CONVENIENCE STORE • 3,730 SF
      13960 Capital Blvd, Wake Forest, NC 27587-6613
      View Details
    • Value Estimation
      $220,000
      1,550 SF

      325 Roosevelt Ave

      GROCERY, SUPERMARKET • 1,550 SF
      325 Roosevelt Ave, Wake Forest, NC 27587-2756
      View Details
    • Value Estimation
      $470,000
      1,200 SF

      12305 Capital Blvd

      GROCERY, SUPERMARKET • 1,200 SF
      12305 Capital Blvd, Wake Forest, NC 27587-7485
      View Details
    • Value Estimation by Request
      4,862 SF

      1012 Holding Vlg Way

      GROCERY, SUPERMARKET • 4,862 SF
      1012 Holding Vlg Way, Wake Forest, NC 27587
      View Details
    • Value Estimation by Request
      3,526 SF

      919 Durham Rd

      GROCERY, SUPERMARKET • 3,526 SF
      919 Durham Rd, Wake Forest, NC 27587-8794
      View Details

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    4601 Durham Rd
    Wake Forest, NC 27587
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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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