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Property profile & analytics
OFF-MARKET
Estimated value
$4,180,000
Retail space
1061 Broad St, Fuquay Varina, NC 27526-1799
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-2275675
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2021
Construction
CONCRETE BLOCKS
Total area
9,301 SF
Lot
1.14 ac (49,658 SF)
Zoning code
GC
APN
0667.18-40-9747 0479864
UPID
US53-2275675
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
-
Wing It On! Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.60M
CAP Approach
CAP
$2.54M
Comparable Approach
Comparable
$4.07M
Blend (final)
Blend
$4.18M
Owner & transaction history
Nrp Fuquay Commons LLC · 1 yrs held
Nrp Fuquay Commons LLC
since 2025
Last sale
$4.5M
1 recorded transaction
Zoning & alternative use
GC · Fuquay Varina, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$5.1M
+97.5%
Restaurant
$5.0M
+93.5%
Auto repair, garage
$3.2M
+23.8%
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
$4,240,000
ML approach
$3,600,000
CAP Approach
CAP Return
Estimation
6%
$2,750,000
6.5%
$2,540,000
7%
$2,360,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,595,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$5,125,000
Change: +98% · Conversion: Moderate
RESTAURANT
$5,020,000
Change: +93% · Conversion: Easy
AUTO REPAIR, GARAGE
$3,210,000
Change: +24% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,095,000
Change: +19% · Conversion: Easy
MEDICAL BUILDING
$3,020,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$4.18M
Range $3.76M – $4.60M · ±10% · vs last sale $4.50M (May 7 2025)
Last sale anchor
$4.50M
May 7 2025
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
$449 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$25,813
Tax year 2024
Assessed value
$2,961,864
Assessed 2024
Previous assessed
$2,961,864
+0.0% YoY
Effective rate
0.87%
On assessed value
Assessed land
$818,212
Assessed improvement
$2,143,652
Land market value
$818,212
Improvement market value
$2,143,652
Total market value
$2,961,864
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2021
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
9,301 SF
Lot
1.14 ac (49,658 SF)
Zoning code
GC
APN
0667.18-40-9747 0479864
UPID
US53-2275675
Jurisdiction
WAKE
Zoning & alternative use
GC · Fuquay Varina, NC
Zoning GC · permitted uses
GC · Fuquay Varina, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fuquay Varina. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.6M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$5.1M
RESTAURANT
Est. value
$5.0M
AUTO REPAIR, GARAGE
Est. value
$3.2M
COMMERCIAL (GENERAL)
Est. value
$3.1M
MEDICAL BUILDING
Est. value
$3.0M
RETAIL STORES Current
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
2021
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.14 ac
Current owner
From public records · entity-resolved
Nrp Fuquay Commons LLC
Entity
Free & Clear · 1 yrs held
Mailing address
270 W NEW ENGLAND AVE, WINTER PARK, FL 32789-4226
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 7, 2025
$4,500,000
Nrp Fuquay Commons LLC
Fuquay Commons Wm Lllp
Special Warranty Deed
—
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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