4230 Wendell BlvdWendell, NC 27591

Property Details for 4230 Wendell Blvd

Year built

1979

Construction

BRICK

Lot size

4.11 AC

Property size (Sq ft)

26,926 SF

Zone code

NC

Property type

Assisted living facilities

Property subtype

Retirement homes

APN

1794.17-01-8793 0024045

APU

1794170187930024045

Description

This exceptional investment opportunity presents a substantial 26,926 square foot mixed-use building situated on a generous 4.11-acre lot in Wendell, NC. The property currently comprises fifty individual one-bedroom, one-bathroom units, presenting a strong foundation for immediate income generation. The versatile nature of the building allows for a multitude of potential uses, making it an attractive prospect for diverse investors. Consideration could be given to continuing its operation as multifamily housing, or exploring alternative uses such as office space, a daycare center, medical offices, or even a hotel conversion. The expansive lot size offers ample room for future expansion or development, adding further value to this already impressive property. Located at 4230 Wendell Boulevard Unit 4230, this property is priced at $2,500,000 and represents a significant opportunity for substantial returns. The substantial size and flexible zoning make this a rare find in the thriving Wendell market. Serious inquiries are encouraged to explore the full potential of this remarkable investment. The property's current configuration and location provide a solid base for a variety of income-generating ventures.

• CAP approach

  CAP return

  Valuation

  6%

  $6,379,850

  6.5%

  $5,889,092

  7%

  $5,468,443

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,197,075

  Geo Method

  $7,107,683

• Alternative Use

  Use

  Valuation

  Residential

  $7,470,562

  Hospitality

  $6,842,995

  Educational

  $5,693,292

  Medical

  $5,889,092

  Retail

  $8,856,231

Location Insight

City

Wendell

County

Wake

State

North Carolina

Latitude

35.7863

Longitude

-78.3564

CBSA code

39580

CBSA name

RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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