Property profile

500 Wait Ave Ste 9 Wake Forest, NC 27587

OFF-MARKET
Office buildings
Property ID
US53-1475806
1,260 SF 0.01 ac lot Built 2000
Entity Owned 13-yr Hold Free & Clear
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Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2000
Construction BRICK
Total area 1,260 SF
Lot 0.01 ac (436 SF)
Zoning code UMX
APN 1841.19-60-4824 0305482
UPID US53-1475806

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

500 Wait Ave Ste, Unit 9 Wake Forest, NC 27587-2779
Wake Forest metro Census 54224 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$270k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$265k

Owner & transaction history

since 2013
5 recorded transactions
2013
$300,000
2013
$303,000
2013
$372,929
2005
$740,000
2004
Price N/A

Zoning & alternative use

UMX · Wake Forest, NC
Zoning description

The Urban Mixed-Use District accommodates an active, pedestrian-friendly area of community-scale commercial, residential, office, and civic uses in both vertically mixeduse, as well as free-standing buildings. Retail sho…

General category MIXED_USE

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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