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 core of Wake Forest, North Carolina. The neighborhood is characterized by a mix of restored professional buildings, local boutiques, and dining establishments, offering a walkable, community-oriented environment. The property is positioned within a short distance of the Southeastern Baptist Theological Seminary campus and the White Street business district. Regional transportation access is provided via nearby U.S. Route 1 (Capital Boulevard) and North Carolina Highway 98, connecting the site to the broader Research Triangle area and Raleigh-Durham International Airport. This office asset is suited for professional services, boutique firms, or creative agencies seeking a refined presence in a suburban downtown setting. The layout supports private practices in law, accounting, or consulting, as well as satellite offices for organizations requiring proximity to the growing North Raleigh corridor. A typical tenant profile includes established local businesses or small-scale corporate entities looking for an accessible, professional environment that benefits from the area's established foot traffic and residential density.

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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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