Downtown Office
For Sale
Contact for pricing
411 E Broad Street Main Level, Fuquay Varina, NC 27526
TICAM includes water, gas, and electric service.
Property Size3,180 SF
Price / SF$1.38
Days on Market95
Property Features for 411 E Broad Street Main Level
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 31
Changed: Nov 2
Last Checked: Nov 2 at 2:31AM
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 is available for sublease in a downtown Varina building constructed in 1920. The sublease term ranges from one to three years, with annual escalations of 3%. Water, gas, and electric service are covered through TICAM. A personal guarantee and financials are required.
The property is at 411 E Broad Street in Fuquay-Varina, North Carolina.
The property is at 411 E Broad Street in Fuquay-Varina, North Carolina.
Key Highlights
- Office space in downtown Varina
- 1920 building
- Sublease term of 1–3 years with 3% annual escalations
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 1,109.41%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$908.0K
$794.5K – $1.06M
NOI $63,558 @ 7.0% cap · market cap 1,444.50%
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 - TICAM includes water, gas, and electric service.
Where is this office unit located?
The property is located at 411 E Broad Street Main Level Fuquay Varina, NC.
What are key features of this property?
This property features: Office space in downtown Varina; 1920 building; Sublease term of 1–3 years with 3% annual escalations
