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    Property profile & analytics

    844 Heritage Lk Rd Wake Forest, NC 27587-4246

    • Day care centers
    • 10,240 SF
    • 2.02 lot acres
    OFF-MARKET
    Value Estimation
    $4,565,000
    Last Sale
    Jul 06, 2020
    $3,500,000
    Location Intelligence
    Property ID
    US53-5791565
    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

    • Primrose School of Heritage Wake Forest / Day Care Center / Preschool

    Property Details for 844 Heritage Lk Rd

    Year built
    2005
    Construction
    FRAME
    Lot size
    2.02 lot acres
    Property size
    10,240 SF
    Zone code
    GR10
    Property type
    Day care centers
    APN
    1840.04-70-4781 0308675
    APU
    1840047047810308675

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $4,975,000

    • CAP approach

      CAP return
      Estimation
      6%
      $3,490,000
      6.5%
      $3,855,000
      7%
      $3,375,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,855,000
      Geo Method
      $3,690,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,035,000
      Retail
      $3,805,000
      Mixed-Use
      $3,370,000
      Hospitality
      $3,305,000
      Educational
      $3,735,000
      Residential Income
      $3,270,000
      Energy
      $3,355,000
      Income-Based Land
      $4,120,000
      Food Service
      $4,140,000

    Location Insight

    • Map
    • Local Demand
    City
    Wake Forest
    County
    Wake
    State
    North Carolina
    Longitude
    -78.502
    Latitude
    35.9488
    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
    $31,360
    $403,879
    $2,294,911
    $2,698,790
    -
    $403,879
    $2,294,911
    $2,698,790

    Comparable in this City

    • Value Estimation by Request
      13,328 SF

      1941 Heritage Br Rd

      DAY CARE, PRE-SCHOOL • 13,328 SF
      1941 Heritage Br Rd, Wake Forest, NC 27587-3831
      View Details
    • Value Estimation by Request
      11,650 SF

      3220 Rogers Rd

      DAY CARE, PRE-SCHOOL • 11,650 SF
      3220 Rogers Rd, Wake Forest, NC 27587-3804
      View Details
    • Value Estimation by Request
      8,070 SF

      1308 Heritage Links Dr

      DAY CARE, PRE-SCHOOL • 8,070 SF
      1308 Heritage Links Dr, Wake Forest, NC 27587-4286
      View Details
    • Value Estimation
      $4,195,000
      11,100 SF

      1200 Corporate Chaplain Dr

      DAY CARE, PRE-SCHOOL • 11,100 SF
      1200 Corporate Chaplain Dr, Wake Forest, NC 27587-9169
      View Details
    • Value Estimation by Request
      13,247 SF

      1212 Heritage Links Dr

      DAY CARE, PRE-SCHOOL • 13,247 SF
      1212 Heritage Links Dr, Wake Forest, NC 27587-4284
      View Details
    • Value Estimation by Request
      3.09 Acres

      8824 Ligon Mill Rd

      Day care centers • 3.09 Acres
      8824 Ligon Mill Rd, Wake Forest, NC 27587
      View Details

    Similar Nearby for Sale

    • Contact for pricing
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    Similar Nearby for Lease

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      164,790 SF

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      41,887 SF

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      Wake Forest Commercial Parcel

      1.1-acre commercial parcel for sale or ground lease.
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      Fitness Space Available For Rent

      4,010 SF fitness space available next to Planet Fitness.
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      Wake Forest Retail Space Available

      Prime Wake Forest location, multiple spaces, high visibility.
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    • Contact for pricing
      55,300 SF

      Heritage Walk: Prime Retail Space

      7.86-acre Retail Center, 55,300 SF
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      View Details
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    Wake Forest, NC 27587-4246
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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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