Medical Office Building with
1513 N Main Street, Fuquay Varina, NC 27526
For Sale
$775,000
Commercial Sale, Fuquay Varina, NC
Property Size2,513 SF
Lot Size0.82 Acres
Price / SF$308.40
Days on Market47
Property Features for 1513 N Main Street
General Information
Property type
Property subtype
Zoning
Bathrooms
Full bathrooms
Rooms
Interior features
Exterior features
Basement
Lot features
Standard status
APN
Size
Lot size
Additional Details
Property Use
Condition
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Utilities
Sewer type
Heating system
Water source
Building Details
Year built
Floors in Building
Flooring type
Building materials
Roof type
Additional Structures
Buildings
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
Changed: Nov 2
Last Checked: Nov 9 at 3:06AM
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.
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Investment Insights
Based on property information with market context.
The 2,513-square-foot brick building dates to 1946 and was updated in 2021 for residential use. Its interior includes four main rooms, hardwood floors, built-ins, a sunroom, two fireplaces, a kitchen, and 1.5 bathrooms. An unfinished walk-down basement adds approximately 800 square feet. Updates include thermal windows, plumbing, HVAC, a roof, and a tankless water heater. Commercial modifications will be needed, and buyers should confirm requirements with the town.
The 0.82-acre property has two access points from N Main Street, connected by a horseshoe driveway, along with designated parking and a brick patio. A detached workshop of approximately 800 square feet is located slightly across the property line. The site fronts N Main Street (NC-55/NC-401).
The 0.82-acre property has two access points from N Main Street, connected by a horseshoe driveway, along with designated parking and a brick patio. A detached workshop of approximately 800 square feet is located slightly across the property line. The site fronts N Main Street (NC-55/NC-401).
Key Highlights
- 2,513‑square‑foot building on 0.82 acres
- Built in 1946; updated in 2021 for residential use
- Unfinished basement adds approximately 800 square feet
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.
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See the owner, sales and loan history
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
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
$372,300
Median Home Value
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Market
Average Price Trend$/SF for Medical Office Space in Wake County, NC
Properties on Market for Medical Office Space in Wake County
Vacancy Rate% for Office in South region
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Frequently Asked Questions
What type of property is this?
Medical Office Space - Interior rooms offer flexibility for professional layouts, though commercial use will require upgrades.
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; Unfinished basement adds approximately 800 square feet
