Wake Forest, NC
Commercial Real Estate Market Trends & Data

$402 Avg asking sale price
$21 Avg asking lease rate
13,811 SF Avg unit lease size
10,425 SF Avg building size for sale
5.91% Average cap rate

Wake Forest's Demographic Profile

Wake Forest has 20,067 households and a median income of $107,806, providing context for rent absorption and tenant demand across retail and multifamily assets. A +10% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 55,700
# Households 20,067
Median age 40
Median household income $107,806
Avg household size 3.0
Renter-occupied housing units 5,550
5-year population change +10%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Wake Forest, NC

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Wake Forest $379 9,348 SF 5.20%
Rolesville $949 4,200 SF 5.20%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Wake Forest $292 8,704 SF 6.00%
Raleigh $298 20,200 SF 7.65%
Nearby Retail Markets Avg Cost/SF Typical Size
Wake Forest $463 4,805 SF
Youngsville $603 295 SF
Rolesville $949 4,200 SF
Creedmoor $91 9,100 SF
Raleigh $453 9,790 SF

Commercial Properties For Sale in Wake Forest

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

0 Green Road

Youngsville, NC 27596

  • 78 AC Lot
  • 1 Commercial Lot
  • $2,500,000
For Sale

0 & 5636 Mitchell Mill Rd

Wake Forest, NC 27587

  • 46.22 AC Lot
  • 1 Residential Income Lot
  • $2,542,100
For Sale

4900 Thornton Rd

Raleigh, NC 27616

  • 56,472 SF Flex Building
  • $2,550,000
For Sale

Outback Steakhouse | Ground Lease

Wake Forest, NC 27587

  • 4,694 SF Retail Building
  • 5.25% Cap Rate
  • $3,810,000
For Sale

Whataburger Ground Lease

Wake Forest, NC 27587

  • 3,505 SF Retail Building
  • 5.00% Cap Rate
  • $4,000,000
For Sale

90 Mosswood Blvd

Youngsville, NC 27596

  • 15,000 SF Flex Building
  • $2,800,000

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Wake Forest pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Wake Forest $402 10,425 SF
Youngsville $250 29,210 SF
Rolesville $949 4,200 SF
Franklinton $429 2,800 SF
Creedmoor $91 9,100 SF

Regional Demographic Comparison

This comparison places Wake Forest alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Wake Forest or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Wake Forest 55,700 20,067 40 $107,806 3 5,550 10%
Youngsville 2,709 991 39 $93,269 3 199 22%
Rolesville 11,132 3,605 40 $124,665 3 459 9%
Franklinton 3,243 1,326 38 $45,877 3 458 24%
Creedmoor 4,804 1,853 41 $73,682 3 441 5%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Wake Forest, NC and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Wake Forest

View All Commercial Real Estate For Sale in Wake Forest
Is Wake Forest a good market for a first-time commercial real estate investor?

Wake Forest offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Wake Forest?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Wake Forest. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Wake Forest?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Wake Forest. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Wake Forest compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Wake Forest. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Wake Forest acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Wake Forest, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

Nearby Market Trends