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    Bengal Blvd Fuquay-Varina, NC 27526
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    Bengal Blvd Fuquay-Varina, NC 27526

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    • Land
    • 33,105 SF
    • 0.76 lot acres
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 0 Bengal Blvd

    Lot size
    0.76 lot acres
    Property size
    33,105 SF
    Property type
    Land

    Description

    Invest in prime commercial land in Fuquay-Varina, NC, situated on Bengal Blvd in Wake County (zip code 27526). These lots boast a highly visible location on NE Judd Parkway, conveniently nestled between Highway 401/N. Main Street and Highway 55, placing them minutes from the future 540 expansion. The available lots range from approximately 0.76 to 1.43 acres, offering flexible development options. Each lot is pad-ready and rough-graded, with no setbacks, simplifying the construction process. Extensive offsite improvements have already been completed, and public utilities are readily accessible to each lot. This exceptional location benefits from a high traffic count, making it ideal for commercial ventures. The area is experiencing significant growth, surrounded by a mix of new and established commercial and residential developments. The property's walkability to retail amenities from newly constructed apartments and townhomes further enhances its appeal and potential for success. Lot sizes range from 33,105 to 62,290 square feet, with land value pricing between $19.50 and $21.50 per square foot. The lease type is NNN. This presents a unique opportunity to capitalize on the thriving Fuquay-Varina market.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Fuquay-Varina
    County
    Wake
    State
    North Carolina
    Longitude
    -78.7949
    Latitude
    35.5968

    Comparable in this City

    • Value Estimation by Request
      13.00 Acres

      Main St & Nc 55 Hwy

      Land • 13.00 Acres
      0 Main St & Nc 55 Hwy, Fuquay-Varina, NC 27526
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    • Value Estimation by Request
      5.36 Acres

      1312 Main St

      Land • 5.36 Acres
      1312 Main St, Fuquay-Varina, NC 27526
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    • Value Estimation by Request
      0.96 Acres

      2 Lakestone Cmns Ave

      Land • 0.96 Acres
      2 Lakestone Cmns Ave, Fuquay-Varina, NC 27526
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    • Value Estimation by Request

      401 At Nc 55/42

      Land
      401 At Nc 55/42, Fuquay-Varina, NC 27526
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    • Value Estimation by Request
      12.78 Acres

      1800 Bass Lake Rd

      Land • 12.78 Acres
      1800 Bass Lake Rd, Fuquay-Varina, NC 27526
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    • Value Estimation by Request
      13.26 Acres

      Long St

      Land • 13.26 Acres
      0 Long St, Fuquay-Varina, NC 27526
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Fuquay Varina Acreage Available

      Acreage with flexible zoning, close to NC 55.
      1250 N Judd Pkwy NE, Fuquay-Varina, NC 27526
      View Details
    • $495,000
      10.00 Acres

      Rawls Church Road Land Opportunity

      Undeveloped land suitable for estate, family compound, or subdivision.
      Rawls Church Rd, Fuquay Varina, NC 27526
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      Harnett County Acreage on US-401

      82.62 acres available on US-401 in Harnett County.
      Us-401, Fuquay-Varina, NC 27526
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    • Contact for pricing

      Land For Sale

      Land available for sale.
      517 N Main St, Fuquay-Varina, NC 27526
      View Details
    • Contact for pricing

      Unimproved Land in Fuquay-Varina

      10.44 acres of wooded property near downtown Fuquay-Varina.
      2241 Stewart St, Fuquay Varina, NC 27526
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    • $1,400,000

      Acreage in Growing Fuquay Varina

      Two adjoining lots with development potential in Fuquay Varina.
      9705/9713 Lake Wheeler Rd, Fuquay Varina, NC 27526
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    Similar Nearby for Lease

    • Contact for pricing

      Land For Rent in Fuquay-Varina

      Land available for rent in Fuquay-Varina, North Carolina.
      1950 Cinema Dr, Fuquay-Varina, NC 27526
      View Details
    • Contact for pricing

      Land for Rent in Fuquay-Varina

      Land available for rent in Fuquay-Varina, North Carolina.
      N Main St & Nc 55 Hwy, Fuquay-Varina, NC 27526
      View Details
    • Contact for pricing

      Land for Lease in Fuquay-Varina

      Commercial land available for lease in Fuquay-Varina, North Carolina.
      Nc-55 & Clayton Rd, Fuquay-Varina, NC 27526
      View Details
    • Contact for pricing

      Prime Retail Pad Site Available

      1.00-acre pad for ground lease near Main Street.
      640 Lakestone Commons Ave, Fuquay Varina, NC 27526
      View Details
    • $27 SF/Yr

      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
    • $37 SF/Yr

      Retail Center with Available Space

      Multitenant retail center with spaces available for lease.
      1301 North Judd Pkwy Northeast, Fuquay-Varina, NC 27526
      View Details
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    Fuquay-Varina, NC 27526
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    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
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