Realmo Analytics

Get reports on 50M+ commercial properties in the US. Find and target property leads based on your business goal.

Financial
Distress signals
Property profile

741 Merritt Capital Dr Wake Forest, NC 27587

OFF-MARKET
Other warehouses
Property ID
US53-5706046
84,400 SF 23.64 ac lot Built 2023
Last sale Feb 2023
Entity Owned Owner of record is a legal entity (LLC / corporation). 3-yr Hold Held for 3 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
Saved · see the list in your Dashboard
Market Trends Soon

Property summary

AI-generated overview

Suite 104 is a 7,241-square-foot flex space located just off Ligon Mill Road in the Merritt Capital Business Park. The suite is zoned for light industrial use and is configured with two dock-high doors, an open work area, six private offices, a conference room, two restrooms, and a break area, with storage rooms located within both the office and warehouse portions of the space. The property is positioned for access to I-540, US 1, Hwy. 98, and US 401, and is within reasonable driving distance of Downtown Wake Forest, Raleigh, Durham, and RDU International Airport.

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$273k
Tax billed · 2024
Assessed value$27.81M
Assessed land$2.43M
Assessed improvement$25.38M
Effective rate0.98%

Value estimate

· Oct 2026
$14.31M
$12.87M – $15.74M
CAP approach$10.09M
Submarket $/SF estimate$18.50M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$188/SF
ZIP average, outlier-cleaned · 33 recorded sales of this use type
Observed band · Q1–Q3$169 – $219

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
LI
The Light Industrial District is established to accommodate externally benign industrial and office uses that pose little nuisance to adj...
General categoryMIXED_USE
JurisdictionWAKE

Location intelligence

Which uses thrive at this corner?
Best fit: Restaurant
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Restaurant18.0
Dental Office15.9
Law Firm15.7

Location

741 Merritt Capital Dr Wake Forest, NC 27587-3651
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 6 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
535 White, Wake Forest, NC 27587 $7,450,000 Feb 2026 16,200 SF
2804 Crusher, Wake Forest, NC 27587-8869 $2,700,000 Dec 2025 12,059 SF
10501 Ligon Ml, Wake Forest, NC 27587-6099 $800,000 Aug 2024 20,160 SF
14101 Capital, Wake Forest, NC 27587 $8,008,000 May 2022 30,016 SF
51 Flex, Wake Forest, NC 27587-6632 $8,008,000 May 2022 19,796 SF
10104 Capital, Wake Forest, NC 27587-9330 $4,800,000 Aug 2021 44,100 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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 741 Merritt Capital Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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
Why this one?
Saved
Reason not saved — we won't ask again