Second-Floor Office
For Sale
Contact for pricing
411 E Broad Street #D, Fuquay Varina, NC 27526
The shared-cost arrangement covers water, gas, and electric service.
Property Size3,180 SF
Price / SF$0.57
Days on Market95
Property Features for 411 E Broad Street #D
General Information
Standard status
Active
Size
3,180 SF
Property subtype
Office
Additional Details
Floor
2nd Floor
Utilities to Site
Yes
Property Use
Office
Building Details
Year Built
1920
Tenancy
Multi
Listing Agency:
Century 21 Triangle Group
(919) 720-4217
Listed By:
Tram Anh Pham · License #323886
(252) 412-2927
Source:
Thorperealtyco
Added: Jul 31
Changed: Nov 2
Last Checked: Nov 2 at 2:37AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Century 21 Triangle Group
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
A second-floor office unit is offered for sublease at 411 E Broad Street in Downtown Varina. The shared-cost arrangement covers water, gas, and electric service.
The stated sublease term is 1–3 years, with 3% annual escalations. A personal guarantee and financial information are required.
The stated sublease term is 1–3 years, with 3% annual escalations. A personal guarantee and financial information are required.
Key Highlights
- Second‑floor office unit in Downtown Varina
- Water, gas, and electric service covered through TICAM
- Sublease term of 1–3 years
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,814
Suggested Prices Based on Cap Rates
Cap Rate 5%
$976,280
$976.3K
Cap Rate 7%
$697,343
$697.3K
Cap Rate 9%
$542,378
$542.4K
Market Conditions
NOI Build-Up for 3,180 SF
Gross rent
$78.2K $24.60/SF
− Vacancy
−$13.1K −$4.13/SF
EGI
$65.1K $20.47/SF
− OpEx
−$16.3K −$5.12/SF
NOI
$48.8K $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%
$976,280
Cap Rate 7%
$697,343
Cap Rate 9%
$542,378
Alternative Uses
Best Use
Office B
$697.3K
$610.2K – $813.6K
NOI $48,814 @ 7.0% cap · market cap 2,711.89%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$908.0K
$794.5K – $1.06M
NOI $63,558 @ 7.0% cap · market cap 3,531.00%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
Lease Details
Multi-tenant
Tenancy
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
671
Businesses Nearby
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
Market
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - The shared-cost arrangement covers water, gas, and electric service.
Where is this office unit located?
The property is located at 411 E Broad Street #D Fuquay Varina, NC.
What are key features of this property?
This property features: Second‑floor office unit in Downtown Varina; Water, gas, and electric service covered through TICAM; Sublease term of 1–3 years
