Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    2136 Main St Fuquay Varina, NC 27526-9231

    • Medical offices
    • 1,925 SF
    • 0.84 lot acres
    OFF-MARKET
    Value Estimations
    $365,000
    Show details
    Cap Rate Potential
    7.2%
    Medical offices
    Location Intelligence
    Property ID
    US53-0187741
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • B & J Heating & AC Services / Hvac Contractor / Heating Contractor

    Property Details for 2136 Main St

    Year built
    2006
    Construction
    BRICK
    Lot size
    0.84 lot acres
    Property size
    1,925 SF
    Zone code
    GC
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    0677.01-45-6387 0013447
    APU
    677014563870013447

    Description

    This exceptional 0.84-acre commercial land parcel, located at 2136 N Main Street in Fuquay-Varina, NC 27526, presents a compelling redevelopment opportunity. The property boasts 210 feet of frontage and includes a 1,925 square foot building. Currently leased at $6,250 per month ($75,000 annually), this site offers significant income potential. Its prime location directly on Highway 401 in Wake County ensures high visibility and accessibility. The property is zoned for both General Commercial (GC) and Highway Corridor Overlay (HCO) districts. GC zoning allows for a diverse range of uses, including retail, office, institutional, and service establishments. HCO zoning encourages vibrant commercial development along major highways while maintaining efficient traffic flow. This parcel is designated Suburban Commercial, suitable for uses such as multi-tenant strip centers, big-box stores, retail, dining, entertainment, hotels, and leisure facilities. This is an ideal investment for developers seeking a high-traffic location with flexible zoning options in a rapidly growing area.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $365,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $440,000
      6.5%
      $405,000
      7%
      $375,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Fuquay Varina
    County
    Wake
    State
    North Carolina
    Longitude
    -78.7487
    Latitude
    35.6053
    CBSA code
    39580
    CBSA name
    RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $2,970
    $146,360
    $234,606
    $380,966
    -
    $146,360
    $234,606
    $380,966

    Comparable in this City

    • Value Estimation
      $470,000
      11,522 SF

      401 Attain St

      MEDICAL BUILDING • 11,522 SF
      401 Attain St, Fuquay Varina, NC 27526-2703
      View Details
    • Value Estimation
      $670,000
      7,202 SF

      1301 Castlepointe Dr

      MEDICAL BUILDING • 7,202 SF
      1301 Castlepointe Dr, Fuquay Varina, NC 27526-4351
      View Details
    • Value Estimation
      $335,000
      4,558 SF

      231 Judd Pkwy Ne Ste, Unit 102

      MEDICAL BUILDING • 4,558 SF
      231 Judd Pkwy Ne Ste, Fuquay Varina, NC 27526-2695
      View Details
    • Value Estimation
      $850,000
      2,724 SF

      320 Ransom St

      MEDICAL BUILDING • 2,724 SF
      320 Ransom St, Fuquay Varina, NC 27526-2432
      View Details
    • Value Estimation
      $270,000
      1,500 SF

      609 Attain St Ste, Unit 181

      MEDICAL BUILDING • 1,500 SF
      609 Attain St Ste, Fuquay Varina, NC 27526-1983
      View Details
    • Value Estimation
      $375,000
      3,819 SF

      1140 Broad St

      MEDICAL BUILDING • 3,819 SF
      1140 Broad St, Fuquay Varina, NC 27526-1961
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      21,000 SF

      Fuquay-Varina Commercial Property

      Prime location, flexible zoning, development potential.
      0 Hilltop Needmore Rd, Fuquay-Varina, NC 27526
      View Details
    • Contact for pricing
      14 SF

      Class A Mixed-Use Development

      Premier mixed-use property in historic downtown Fuquay-Varina.
      145 S Main St, Fuquay Varina, NC 27526
      View Details
    • $299,900
      1.71 Acres

      Fuquay-Varina Commercial Lot

      1.71-acre lot, prime location, multiple uses.
      7618 Purfoy Rd, Fuquay-Varina, NC 27526
      View Details
    • Contact for pricing
      14 SF

      Class A Mixed-Use Development

      Premier mixed-use property in downtown Fuquay-Varina, walkable to amenities.
      145 S Main St, Fuquay Varina, NC 27526
      View Details
    • $736,320
      14,538 SF

      Downtown Fuquay-Varina Office Condos

      Four Luxury Office Condos, Prime Location
      145 Main St, Fuquay-Varina, NC 27526
      View Details
    • New
      $999,900
      3,333 SF

      Versatile Downtown Property For Sale

      Highly visible property with showroom and flexible space in growing community.
      202 N Main St, Fuquay Varina, NC 27526
      View Details

    Similar Nearby for Lease

    • $27 SF/Yr
      67,350 SF

      Lane Professional Park: Premier Office Space

      New Class A Office Condos, Fuquay-Varina
      1880 Broad St, 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
    • $32 SF/Yr
      14,538 SF

      The Q: Downtown Fuquay-Varina Office

      Class A Office Space Available in Growing Fuquay-Varina
      145 Main St, Fuquay-Varina, NC 27526
      View Details
    • $5 SF/Yr
      190,000 SF

      Prime Wake County Warehouse

      190,000 SF Warehouse - Available Now
      1730 5 Pts Ln, Fuquay-Varina, NC 27526
      View Details
    • Contact for pricing
      1 SF

      Fuquay-Varina Commercial Land Opportunity

      0.8-acre commercial lot, prime location.
      1950 Cinema Dr, Fuquay-Varina, NC 27526
      View Details
    Request Owner's contact information
    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.
    2136 Main St
    Fuquay Varina, NC 27526-9231
    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
    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
    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.