Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    411 E Broad St, Unit B Fuquay Varina, NC 27526

    Sponsored
    For Lease
    $1,300 /Mo ($4 SF/Yr)

    COMMERCIAL - Fuquay Varina, NC

    Type:Office
    Property size:
    3,180 SF
    Lot size:
    0.04 Acres
    Days on Market:
    6
    Last Refresh:
    Jan 25 at 3:06 am

    Property Features for 411 E Broad St

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Standard status
    Active
    Zoning
    DC-1
    APN
    066717110110000 0066155
    Size
    3,180 SF
    Lot size
    0.04 Acres

    Building Details

    Year built
    1920
    Floors in Building
    2

    We can help!

    Listing Contact
    Marguerite Greene
    Marguerite Greene

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

    Listing agent Marguerite Greene (919) 219-9312

    Listing date Jan 20, 2026

    MLS# 10142274

    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

    Downtown Varina Second Floor Office

    Located in the heart of Downtown Varina, this second-floor office space is available for sublease. The available office unit is situated on the second floor of an iconic building. The lease includes TICAM, which covers water, gas, and electric utilities. The monthly rent is $1300, plus $100 for TICAM, with 3% annual escalations. A 1-3 year sublease term is available, and a personal guarantee and financials are required. Fuquay-Varina is centrally located near several existing hospitals and the future WakeMed complex. The property is strategically located near Research Triangle Park, Raleigh, Durham, and Chapel Hill, making it a prime location for businesses.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Glory House Bridal Bridal Shop Live View Studios Wedding Photographer SupaBowlz Café- Fuquay-Varina Health Food Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Fuquay Varina
    County
    Wake
    State
    North Carolina
    Longitude
    -78.794743
    Latitude
    35.593809

    Nearby Similar for Lease

    • $1,799 /Mo
      1,938 SF

      Fuquay Varina Home For Rent

      Three-bedroom home with office and flex area in Fuquay Varina.
      656 Barneswyck Dr, Fuquay Varina, NC 27526
      View Details
    • Contact for pricing

      Retail Pad Site For Lease

      Pad site suitable for QSRs, retailers, and medical users.
      Fuquay Varina, NC 27526
      View Details
    • $27 SF/Yr
      67 SF

      Office Condos in Fuquay-Varina

      New office condo development in Fuquay-Varina, convenient location.
      1830-1880 N Broad St, Fuquay Varina, NC 27526
      View Details
    • $37 SF/Yr
      27 SF

      Retail Center with Available Space

      Multitenant retail center with spaces available for lease.
      1301 North Judd Pkwy Northeast |, Fuquay Varina, NC 27526
      View Details
    • $5 SF/Yr
      190 SF

      Industrial Building with Office Space

      190,000 SF industrial building with office space for lease.
      1730 Five Points Ln, Fuquay Varina, NC 27526
      View Details

    FAQs

    What type of property is this?
    Office space - Office space available for sublease in downtown Fuquay Varina.
    Where is this office space located?
    The property is located at 411 E Broad St, Unit B Fuquay Varina, NC.
    What is the lease rate?
    The lease rate is $4 SF/Yr.
    What are key features of this property?
    This property features: - Prime Downtown Varina location; - TICAM covers water, gas, and electric; - Located on the 2nd floor of an iconic building
    (919) 552-4517
    Request Owner's contact information
    411 E Broad St, Unit B Fuquay Varina, NC 27526
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    411 E Broad St, Unit B
    Fuquay Varina, NC 27526
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    411 E Broad St, Unit B Fuquay Varina, NC 27526
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Marguerite Greene
    Marguerite Greene
    (919) 552-4517
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.