12313 Capital BlvdWake Forest, NC 27587

Property Details for 12313 Capital Blvd

Year built

1989

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

1.00 AC

Property size (Sq ft)

2,652 SF

Zone code

HB

Property type

Drive through restaurants

APN

1831.15-62-3848 0121775

APU

1831156238480121775

Description

This exceptional industrial property, located at 1333 Highland Road, offers a unique blend of class-A office space and a well-designed warehouse. Situated equidistant from the I-271/Route 8 interchange and Route 91, this prime location provides unparalleled access to major transportation arteries. The building boasts a total of 127,394 square feet, with 25,207 square feet currently available for lease. Features include 20-foot clear ceiling heights, a state-of-the-art fire sprinkler system, and ample parking. The property sits on the border of Macedonia and Twinsburg Township, offering an attractive park-like setting. The building is less than 1.2 miles from the I-271/Route 8 interchange and within 5 miles of the I-80 Ohio Turnpike, ensuring efficient logistics and distribution. The high-quality office finishes complement the clean and well-maintained warehouse space, making it ideal for a variety of businesses. This single-story building is perfect for companies seeking a modern, functional, and conveniently located industrial space in a highly desirable Summit County location. The multiple tenancy structure offers flexibility for various business needs.

• CAP approach

  CAP return

  Valuation

  6%

  $780,165

  6.5%

  $720,153

  7%

  $668,713

• Comparable approach

  Method

  Valuation

  Relative Method

  $730,123

  Geo Method

  $633,090

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $1,454,000

  Mixed-Use / Specialty

  $697,530

  Hospitality / Lodging

  $485,645

  Office

  $672,498

  Institutional / Educational

  $717,983

  Residential Income

  $840,040

  Multifamily

  $1,118,680

  Automotive / Energy

  $615,414

  Parking / Income-Based Land

  $232,186

  Restaurant / Food Service

  $319,990

  Healthcare / Senior Housing

  $735,870

Location Insight

City

Wake Forest

County

Wake

State

North Carolina

Latitude

35.9826

Longitude

-78.5392

CBSA code

39580

CBSA name

RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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