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Property profile & analytics
OFF-MARKET
Estimated value
$1,405,000
Office buildings
106 Johnson St Fuquay Varina, NC 27526-1980
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US53-5534182
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2007
Construction
BRICK
Total area
5,390 SF
Lot
0.58 ac (25,265 SF)
Zoning code
DC-2
APN
0667.17-00-9514 0173655
UPID
US53-5534182
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Well Care Health Home Health Care Service
-
Imperial Design Builders, Inc. Construction Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.36M
Comparable Approach
Comparable
$1.06M
Blend (final)
Blend
$1.41M
Owner & transaction history
Tart Properties Of Nc LLC · 1 yrs held
Tart Properties Of Nc LLC
since 2025
Last sale
$1.6M
7 recorded transactions
Zoning & alternative use
DC-2 · Fuquay Varina, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The DC-2 zoning district is to accommodate and enhance the existing historic Fuquay-Varina downtown, architectural assets, historic presence, and small town atmosphere, and expand the authentic downtown community. This district is the downtown transitional retail district to permit an economic mix of viable retail, commercial, office and residential uses wit…
Zone name
Down Town Center 2
General category
MIXED_USE
Zone area
94.77 ac
Source
Realmo
Top alternative use upside
Auto repair, garage
$1.9M
+72.0%
Commercial (general)
$1.8M
+65.7%
Medical building
$1.8M
+61.8%
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Fuquay Varina submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fuquay Varina submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$1,470,000
6.5%
$1,360,000
7%
$1,260,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$1,080,000
Current use
AUTO REPAIR, GARAGE
$1,860,000
Change: +72% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,795,000
Change: +66% · Conversion: Easy
MEDICAL BUILDING
$1,750,000
Change: +62% · Conversion: Easy
RETAIL STORES
$1,505,000
Change: +39% · Conversion: Moderate
Blend value · Realmo final
$1.41M
Range $1.26M – $1.55M · ±10% · vs last sale $1.60M (Oct 10 2024)
Last sale anchor
$1.60M
Oct 10 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$261 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$8,884
Tax year 2023
Assessed value
$798,919
Assessed 2023
Previous assessed
$798,919
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$227,385
Assessed improvement
$571,534
Land market value
$227,385
Improvement market value
$571,534
Total market value
$798,919
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2007
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
5,390 SF
Lot
0.58 ac (25,265 SF)
Zoning code
DC-2
APN
0667.17-00-9514 0173655
UPID
US53-5534182
Jurisdiction
WAKE
Zoning & alternative use
DC-2 · Fuquay Varina, NCZoning DC-2 · permitted uses
DC-2 · Fuquay Varina, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The DC-2 zoning district is to accommodate and enhance the existing historic Fuquay-Varina downtown, architectural assets, historic presence, and small town atmosphere, and expand the authentic downtown community. This district is the downtown transitional retail district to permit an economic mix of viable retail, commercial, office and residential uses with adequate accommodations for automobile and an equal emphasis for pedestrian needs, access and a safe environment. The district permits infill and new development, redevelopment and residential uses using multi-story and mixed-use development, multi-family uses at a density up to 22 dwelling units per gross acre integrated with retail and office uses. The regulations applied in this district are form-based applications. Public utilities are required.
Zone name
Down Town Center 2
General category
MIXED_USE
Zone area
94.77 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$1.1M
AUTO REPAIR, GARAGE
Est. value
$1.9M
COMMERCIAL (GENERAL)
Est. value
$1.8M
MEDICAL BUILDING
Est. value
$1.8M
RETAIL STORES
Est. value
$1.5M
OFFICE BUILDING Current
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2007
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.58 ac
Current owner
From public records · entity-resolved
Tart Properties Of Nc LLC
Entity
Mailing address
PO BOX 1589, FUQUAY VARINA, NC 27526-1589
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 10, 2025
$1,600,000
Tart Properties Of Nc LLC
Relee LLC
Special Warranty Deed
$1,280,000 · United Community Bank
Jul 1, 2015
$750,000
Relee LLC
Imperial Group Investments LLC
Warranty Deed
$637,500 · First Citizens Bk
Nov 22, 2006
—
Imperial Group Investments LLC
—
Trustees Deed
related
$500,000 · Suntrust Bank NA
Oct 11, 2006
—
Imperial Group Investments LLC
Haddock,richard M & Linda C
Warranty Deed
related
—
—
—
Imperial Group Investments LLC
—
Deed Of Trust
related
$149,271 · Suntrust Bank NA
—
—
Imperial Group Investments LLC
—
Deed Of Trust
related
$371,290 · Newbridge Bank
—
—
Imperial Group Investments LLC
—
Deed Of Trust
related
$100,000 · Newbridge Bank
—
—
Imperial Group Investments LLC
—
Deed Of Trust
related
$500,000 · Suntrust Bank NA
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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