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    The Largest CRE Database in the US with Over 1 Million Listings

    202 N Main St Fuquay Varina, NC 27526

    Sponsored
    For Sale
    $999,900

    COMMERCIAL - Fuquay Varina, NC

    Type:Retail
    Property size:
    3,333 SF
    Lot size:
    0.23 Acres
    Days on Market:
    15
    Last Refresh:
    Feb 4 at 9:06 am

    Property Features for 202 N Main St

    General Information

    Special listing conditions
    Standard
    Property type
    Commercial Sale
    Property subtype
    Retail
    TransactionType
    Standard
    Standard status
    Active
    Zoning
    DC-2
    Rooms
    Basement
    APN
    0656985566
    Exterior features
    Awning(s)
    Basement
    Finished
    Size
    3,333 SF
    Lot size
    0.23 Acres

    Utilities

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

    Building Details

    Year built
    1958
    Floors in Building
    2
    Flooring type
    Concrete, Terrazzo
    Building materials
    Brick Veneer
    Roof type
    Flat

    We can help!

    Listing Contact
    Tim Matthews

    Century 21 Becky Medlin Realty 919-552-4517 ext.222

    Listing agent Tim Matthews (919) 291-1991

    Listing date Jan 21, 2026

    MLS# 10119823

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

    Learn more

    Property Insight Report

    Overview

    Versatile Downtown Property For Sale

    Located at the northeast corner of N. Main Street (US 401) and E. Jones Street in the 'Fuquay Springs' district of Fuquay-Varina, 202 N. Main Street is a highly visible downtown property. The offering includes two parcels with a 3,333 square foot building that features a primary first floor and a fully finished walk-down basement showroom. The property benefits from Main Street frontage, expansive display windows, and private off-street parking. The building interior offers two large open showroom areas, four to five private offices, one full bath with walk-in shower, two half baths, and abundant storage. Flexible configurations allow for a wide range of professional, commercial, and retail applications. Select furnishings and appliances may be included in the sale. Zoned DC-2, the property supports a broad mix of uses including retail, office, commercial, and residential. It is strategically positioned adjacent to the Fuquay-Varina Town Hall and 1 block from the Town of Fuquay-Varina's planned mixed-use redevelopment project, which will introduce new multi-story buildings with ground-floor retail and upper-level residential units. The property is situated on a 0.23-acre lot in Wake County. NOTE: Business ground sign is located on the adjacent property. Lower Level was finished prior to 2005. Town of FV does not have any records prior to 2005 for this property.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Rainbow Home Interiors Carpet & Flooring Store

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Contract Carpet Outlet

    Location Insight

    • Map
    • Local Demand
    City
    Fuquay Varina
    County
    Wake
    State
    North Carolina
    Longitude
    -78.799668
    Latitude
    35.586833

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      14 SF

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    FAQs

    What type of property is this?
    Showroom - Highly visible property with showroom and flexible space in growing community.
    Where is this showroom located?
    The property is located at 202 N Main St Fuquay Varina, NC.
    What is the asking price?
    The asking price for this property is $999,900.
    What are key features of this property?
    This property features: - Highly visible downtown location on Main Street (US 401) with prominent frontage and expansive display windows.; - Rare private off-street parking in the downtown corridor.; - Versatile 3,333 SF building with a finished walk-down basement showroom, suitable for various professional, commercial, and retail uses.
    (919) 291-1991
    Request Owner's contact information
    202 N Main St Fuquay Varina, NC 27526
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    Fuquay Varina, NC 27526
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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
    202 N Main St Fuquay Varina, NC 27526
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    We can help!
    Listing Contact
    Tim Matthews
    Real Estate License ID: 74333
    (919) 291-1991
    Learn more
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