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    Property profile & analytics

    1014 Main St Fuquay-Varina, NC 27526

    • Commercial real estate
    • 1.10 lot acres
    For Sale
    View listing
    $900,000
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-0048108
    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

    • Commercial real estate

    Property Details for 1014 Main St

    Lot size
    1.10 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 1.1-acre commercial land parcel is ideally situated at 1014 S Main Street (Highway 401) in the thriving town of Fuquay-Varina, North Carolina, zip code 27526. Priced at $900,000, this property presents a unique investment opportunity in a rapidly growing area. The lot is zoned O&I, offering flexibility for various commercial developments. Its prime location boasts high visibility and significant traffic volume, with a daily count of 12,000 vehicles passing by. Surrounded by new residential communities and conveniently located minutes from the soon-to-open Fuquay-Varina Middle School (projected completion in 2024), and future plans for a nearby elementary school, this site benefits from a strong and expanding demographic base. The property's excellent accessibility and proximity to residential areas make it particularly well-suited for an office building or other commercial ventures. This is a rare chance to acquire a substantial commercial lot in a highly desirable location with exceptional growth potential. Don't miss this opportunity to secure a piece of Fuquay-Varina's vibrant future.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fuquay-Varina
    County
    Wake
    State
    North Carolina
    Longitude
    -78.8000278
    Latitude
    35.5843376

    Comparable in this City

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      Fuquay-Varina Industrial Land

      6.09 Acres, RLI Zoning, Excellent Location
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    • $2,900,000
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      Fuquay-Varina Commercial Land Opportunity

      10.4 Acres, Prime Location, $2.9M
      1250 Judd Pkwy, Fuquay-Varina, NC 27526
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    • $3,696,000

      Land Assemblage on S. Main

      Land assemblage at the intersection of S. Main and Judd Pkwy.
      Fuquay Varina, NC 27526
      View Details
    • New
      $65,000
      0.73 Acres

      Land Near Cape Fear River

      Two lots totaling 0.73 acres near Cape Fear River.
      101 Bay St, Fuquay Varina, NC 27526
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    • $65,000
      0.41 Acres

      Residential Lot Near Cape Fear

      0.41 acre lot with river access and amenities.
      161 Bay St, Fuquay Varina, NC 27526
      View Details

    Similar Nearby for Sale

    • $1,350,000
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      Versatile Development Site in Fuquay-Varina

      11.5-acre property with residential and future commercial potential.
      1212 Rogers Rd, Fuquay Varina, NC 27526
      View Details
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      Fuquay Varina Land For Sale

      11+/- acres of land available in Fuquay Varina, North Carolina.
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      Land in High-Traffic Area

      4.42 acre commercial land in Fuquay Varina, North Carolina.
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    • $1,500,000
      6 SF

      Fuquay-Varina Land For Sale

      6.09 acres near NC 55 Hwy, Fuquay-Varina, close to Holly Springs.
      228 Technology Park Ln, Fuquay Varina, NC 27526
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    • $150,000
      1.59 Acres

      Residential Land in Fuquay Varina

      1.59 acre lot, build your dream home!
      580 Lambert Ln, Fuquay Varina, NC 27526
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    • $299,000
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      Secluded 11+ Acre Homesite

      Private homesite with mature trees and scenic creek.
      Saponi Trl, Fuquay Varina, NC 27526
      View Details

    Similar Nearby for Lease

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      Fuquay-Varina Commercial Land Opportunity

      0.8-acre commercial lot, prime location.
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      Fuquay-Varina Commercial Land Opportunity

      13 Acres, Prime Wake County Location
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      195,167 SF

      Apex Retail Land Opportunity

      Prime Apex location, 195,167 SF available.
      0 Nc-55 & Clayton Rd, Apex, NC 27526
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    • $5 SF/Yr
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      Prime Wake County Warehouse

      190,000 SF Warehouse - Available Now
      1730 5 Pts Ln, Fuquay-Varina, NC 27526
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    • $37 SF/Yr
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      Retail Center with Available Space

      Multitenant retail center with spaces available for lease.
      1301 North Judd Pkwy Northeast |, Fuquay Varina, NC 27526
      View Details
    • Contact for pricing
      10,042 SF

      New Retail Space For Lease

      New ground floor retail space available in Fuquay-Varina, NC.
      200 Alex Rdg Dr, Fuquay-Varina, NC 27526
      View Details
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    1014 Main St
    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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