203 Brooks St

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203 Brooks St

Wake Forest, NC 27587
Asking Price
$995K
Asset Type
Office
Class
Class B

What's Special

203 Brooks Street is located in the historic heart of downtown Wake Forest, North Carolina. The neighborhood is characterized by a mix of restored historic structures and modern infill development, creating a walkable professional environment. The property is situated within walking distance of local amenities, including the Southeastern Baptist Theological Seminary campus, various restaurants, and retail shops. Regional access is provided via nearby South Main Street and US-1, connecting the location to the greater Raleigh-Durham metropolitan area and the Research Triangle Park. This office asset is suited for professional service firms seeking a central presence within a growing suburban municipality. Ideal use cases include legal practices, accounting firms, creative agencies, and small corporate satellite offices. The building’s configuration supports tenants who prioritize proximity to local government offices and community hubs. Potential occupants typically include established local businesses or individual practitioners looking for a professional setting that offers both high visibility and accessibility for clients residing in the northern Wake County area.

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NOI
$80,000
Cap Rate
8.04%
DSCR
1.35
Strong
Cash-on-Cash
7.01%
Monthly Payment
$4,922.717
Annual Cash Flow
$20,927.395

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