Medical Office Space with
For Sale
$775,000
1513 N Main Street, Fuquay Varina, NC 27526
Commercial Sale, Fuquay Varina, NC
Property Size2,513 SF
Lot Size0.82 Acres
Price / SF$308.40
Days on Market14
Property Features for 1513 N Main Street
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
CC-CZ
Bathrooms
2
Full bathrooms
2
Rooms
Bathroom 1, Bathroom 2, Basement
Interior features
Smooth Ceilings, Storage
Exterior features
Rain Gutters, Storage
Basement
Unfinished, Interior Entry, Concrete, Exterior Entry, Walk-Out Access
Lot features
Landscaped, Level
Standard status
Active
APN
066704915746000 0015082
Size
2,513 SF
Lot size
0.82 Acres
Taxes and HOA fees
Tax Year
2026
Tax Description
Lo125-128 Robert Neil & Jean C Schnaak Bm2023-00193
Tax Annual Amount
7507
Legal Description
Lo125-128 Robert Neil & Jean C Schnaak Bm2023-00193
Utilities
Utilities
Electricity Available
Sewer type
Public Sewer
Heating system
Forced Air, Electric (Heating), Central
Water source
Public
Amenities
original wood floors
extensive crown molding
built-ins
sunroom
two fireplaces
modern kitchen
1 1/2 bathrooms
Building Details
Year built
1946
Floors in Building
1
Flooring type
Hardwood, Carpet
Building materials
Brick
Roof type
Shingle
Additional Structures
Storage
Listing Agency:
Century 21 Triangle Group · Century 21 Real Estate
(919) 552-4517
Listed By:
Tim Matthews · License #74333
(919) 291-1991
Added: Sep 24
Last Checked: Oct 7 at 9:06AM
MLS# 10194646
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.
Investment Insights
Based on property information with market context.
This 2,513-square-foot brick building sits on 0.82 acres and was built in 1946, with updates completed in 2021 for residential use. The interior includes four rooms, a sunroom, two fireplaces, hardwood floors, a modern kitchen and 1.5 bathrooms. An unfinished walk-down basement adds 800 square feet of storage or flexible space. Commercial use will require upgrades and modifications.
Two access points from N Main Street connect through a horseshoe driveway, with designated parking and a brick patio on site. The property fronts N Main Street, also identified as NC-55 and NC-401.
Two access points from N Main Street connect through a horseshoe driveway, with designated parking and a brick patio on site. The property fronts N Main Street, also identified as NC-55 and NC-401.
Key Highlights
- 2,513‑square‑foot building on 0.82 acres
- Built in 1946; updated in 2021 for residential use
- Four interior rooms, a sunroom, two fireplaces and 1.5 bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,576
Cap Rate
4.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$771,520
$771.5K
Cap Rate 7%
$551,086
$551.1K
Cap Rate 9%
$428,622
$428.6K
Market Conditions
NOI Build-Up for 2,513 SF
Gross rent
$61.8K $24.60/SF
− Vacancy
−$10.4K −$4.13/SF
EGI
$51.4K $20.47/SF
− OpEx
−$12.9K −$5.12/SF
NOI
$38.6K $15.35/SF
Area
Wake County, NC
Vacancy
16.80%
Lease Rate
$24.60 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$771,520
Cap Rate 7%
$551,086
Cap Rate 9%
$428,622
Alternative Uses
Best Use
Office B
$551.1K
$482.2K – $642.9K
NOI $38,576 @ 7.0% cap · market cap 4.98%
Second Best
Healthcare Medical
$491.2K
$429.8K – $573.1K
NOI $34,387 @ 7.0% cap · market cap 4.44%
Theoretical Best
Specialty Retail
$717.5K
$627.8K – $837.1K
NOI $50,227 @ 7.0% cap · market cap 6.48%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
475
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 27526, NC
56,089
Population
22,612
Households
2.5
Avg Household Size
39
Median Age
46%
College-Educated
95%
High-School Grad
98.2 sq mi
ZIP Area
571
Density / Sq Mi
$105,055
Median Household Income
$54,786
Median Earnings
$1,591
Median Rent
$372,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Four interior rooms and a sunroom offer a flexible layout, though commercial upgrades are required.
Where is this medical office space located?
The property is located at 1513 N Main Street Fuquay Varina, NC.
What is the asking price?
The asking price for this property is $775,000.
What are key features of this property?
This property features: 2,513‑square‑foot building on 0.82 acres; Built in 1946; updated in 2021 for residential use; Four interior rooms, a sunroom, two fireplaces and 1.5 bathrooms
