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    Fuquay Varina Office/Medical Suite Title is generated by Realmo AI

    1007 Procure Street, Fuquay Varina, NC 27526

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    For Lease
    $2,000/Mo $29 SF/Yr (calc)

    COMMERCIAL - Fuquay Varina, NC

    Property size:
    813 SF
    Lot size:
    0.85 Acres
    Added:
    May 14, 2026
    Days on Market:
    2
    Last Refresh:
    May 15 at 4:06 pm

    Property Features for 1007 Procure Street

    General Information

    Property type
    Commercial Lease
    Property subtype
    Other
    Zoning
    confirm w/ town
    Parking
    12
    Standard status
    Active
    Size
    813 SF
    Lot size
    0.85 Acres

    Taxes and HOA fees

    Tax Description
    lo7 Academy Street Bus Park BM 2000-00731

    Utilities

    Sewer type
    Public Sewer
    Heating system
    Forced Air, Central
    Cooling system
    Central Air
    Water source
    Public

    Building Details

    Year built
    2022
    Flooring type
    Carpet
    Building materials
    Brick
    Roof type
    Shingle

    We can help!

    Listing Contact
    Krista Abshure
    Krista Abshure

    Listing agent Krista Abshure License #249511

    Listing office ABSHURE REALTY GROUP LLC 201 S MAIN ST, Fuquay Varina, NC

    Listing date May 14, 2026

    MLS# 10167289

    Copyright © 2026 Doorify MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    HighLights

    • Excellent location off Judd Parkway in a business/medical park
    • Suitable for office, medical, or business use
    • Relatively new construction (built in 2022)
    • Includes a conference room, open work areas, and a dedicated bathroom
    • Brick construction with central heating and air conditioning
    • Owner pays for water/sewer, property insurance, and property taxes

    Overview

    This commercial suite, located in Fuquay Varina, North Carolina, offers approximately 813 square feet of space suitable for office, medical, or general business use. The suite features a conference room, open work areas, and a dedicated bathroom. The flooring consists of a combination of LVT and carpeting in the main areas. Situated off Judd Parkway in a business and medical park, the location provides proximity to dental offices, daycares, doctors' offices, chiropractors, and banks. The property includes shared parking with 12 spaces available between 1009 and 1007 Procure Street. The owner covers water, sewer, property insurance, and property taxes. The tenant is responsible for internet, trash, electric, and must maintain tenant insurance. The property is located on a lot that is 0.85 acres. Prospective tenants should confirm with the town that their intended business type is permitted at this location.
    Location Intelligence

    Current Use by Public Records

    Medical Office Space

    Similar Places Nearby

    • Fuquay Veterinary Hospital — 1331 N Main St, Fuquay-Varina, NC 27526
    • Gentle Care Animal Hospital — 320 N Judd Pkwy NE # 114, Fuquay-Varina, NC 27526
    • Dr. Karen Bray — 1005 Procure St, Fuquay-Varina, NC 27526
    • Academy East Veterinary Hospital — 1005 Procure St, Fuquay-Varina, NC 27526
    • Cotton Elizabeth S DVM — 1331 N Main St, Fuquay-Varina, NC 27526

    Map

    City
    Fuquay Varina
    County
    Wake
    State
    North Carolina
    Longitude
    -78.782554
    Latitude
    35.588662

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    FAQs

    What type of property is this?
    Medical Office Space - Office/medical/business suite in a convenient Fuquay Varina location.
    Where is this medical office space located?
    The property is located at 1007 Procure Street Fuquay Varina, NC.
    What is the lease rate?
    The lease rate is $2,000 /Mo.
    What are key features of this property?
    This property features: Excellent location off Judd Parkway in a business/medical park; Suitable for office, medical, or business use; Relatively new construction (built in 2022)
    (919) 753-6518
    We can help!
    Listing Contact
    Krista Abshure
    Krista Abshure
    Real Estate License ID: 249511
    Learn More
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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