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    Property profile & analytics

    941 Durham Rd Wake Forest, NC 27587-8794

    • Drug stores
    • 14,478 SF
    • 1.78 lot acres
    OFF-MARKET
    Value Estimation
    $7,000,000
    Last Sale
    Jun 29, 2022
    $6,171,500
    Location Intelligence
    Property ID
    US53-0152037
    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

    • Walgreens Photo / Passport Photo Processor / Photo Lab
    • Kimberley A. Robertson, PharmD / Pharmacy
    • Alma K. Arrington, RPH / Pharmacy
    • Redbox / Movie Rental Kiosk / Dvd Store
    • FedEx OnSite / Mailing Service

    Property Details for 941 Durham Rd

    Year built
    2005
    Construction
    BRICK
    Lot size
    1.78 lot acres
    Property size
    14,478 SF
    Zone code
    HB
    Property type
    Drug stores
    APN
    1831.19-50-2889 0183463
    APU
    1831195028890183463

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $7,155,000

    • CAP approach

      CAP return
      Estimation
      6%
      $6,635,000
      6.5%
      $6,350,000
      7%
      $5,980,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $7,175,000
      Geo Method
      $6,960,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $6,315,000
      Retail
      $5,285,000
      Mixed-Use
      $6,535,000
      Hospitality
      $6,225,000
      Educational
      $5,200,000
      Residential Income
      $4,955,000
      Energy
      $6,275,000
      Income-Based Land
      $5,025,000
      Food Service
      $5,245,000

    Location Insight

    • Map
    • Local Demand
    City
    Wake Forest
    County
    Wake
    State
    North Carolina
    Longitude
    -78.5428
    Latitude
    35.9773
    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
    $54,520
    $930,444
    $3,761,478
    $4,691,922
    -
    $930,444
    $3,761,478
    $4,691,922

    Comparable in this City

    • Value Estimation by Request
      11,778 SF

      2811 Rogers Rd

      DRUG STORE, PHARMACY • 11,778 SF
      2811 Rogers Rd, Wake Forest, NC 27587-3893
      View Details
    • Value Estimation by Request
      12,690 SF

      116 White St

      DRUG STORE, PHARMACY • 12,690 SF
      116 White St, Wake Forest, NC 27587
      View Details
    • Value Estimation by Request
      15,196 SF

      3601 Rogers Rd

      DRUG STORE, PHARMACY • 15,196 SF
      3601 Rogers Rd, Wake Forest, NC 27587-7634
      View Details
    • Value Estimation by Request
      25,300 SF

      1950 Main St

      RETAIL STORES (PERSONAL SERVICES) • 25,300 SF
      1950 Main St, Wake Forest, NC 27587-9336
      View Details
    • Value Estimation by Request
      1,702 SF

      2508 Old Nc 98th Hwy

      RETAIL STORES (PERSONAL SERVICES) • 1,702 SF
      2508 Old Nc 98th Hwy, Wake Forest, NC 27587
      View Details
    • Value Estimation by Request
      1,250 SF

      12223 Hampton Way Dr Ste, Unit 500

      RETAIL STORES (PERSONAL SERVICES) • 1,250 SF
      12223 Hampton Way Dr Ste, Wake Forest, NC 27587-4507
      View Details

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    Wake Forest, NC 27587-8794
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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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