Second-Floor Office
For Sale
Contact for pricing
411 E Broad Street #C, Fuquay Varina, NC 27526
Sublease includes water, gas, and electric through TICAM.
Property Size3,180 SF
Price / SF$0.41
Days on Market97
Property Features for 411 E Broad Street #C
General Information
Standard status
Active
Size
3,180 SF
Property subtype
Retail
Additional Details
Floor
2
Property Use
Office
Building Details
Year Built
1920
Listing Agency:
Century 21 Triangle Group
(919) 720-4217
Listed By:
Tram Anh Pham · License #323886
(252) 412-2927
Source:
Thorperealtyco
Added: Jul 29
Changed: Nov 1
Last Checked: Nov 1 at 3:59PM
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.
An office unit on the second floor of a downtown Varina building is available for sublease. The property is located in Fuquay-Varina, North Carolina, and was built in 1920. Water, gas, and electric are covered through TICAM.
Key Highlights
- Second‑floor office unit available for sublease
- Water, gas, and electric covered through TICAM
- Building constructed in 1920
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 3,754.92%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$908.0K
$794.5K – $1.06M
NOI $63,558 @ 7.0% cap · market cap 4,889.08%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Current Use
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 - Sublease includes water, gas, and electric through TICAM.
Where is this office unit located?
The property is located at 411 E Broad Street #C Fuquay Varina, NC.
What are key features of this property?
This property features: Second‑floor office unit available for sublease; Water, gas, and electric covered through TICAM; Building constructed in 1920
