Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$540,000
Retail space
128 Fuquay Ave Fuquay Varina, NC 27526-2211
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US53-0280685
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1966
Construction
CONCRETE BLOCKS
Total area
2,660 SF
Lot
0.12 ac (5,227 SF)
Zoning code
DC-1
APN
0656.12-97-8383 0090021
UPID
US53-0280685
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
-
Cultivate Coffee Roasters Cafe & Coffee Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$665k
CAP Approach
CAP
$725k
Comparable Approach
Comparable
$512k
Blend (final)
Blend
$540k
Owner & transaction history
Somerville Ventures LLC · 5 yrs held
Somerville Ventures LLC
since 2021
Last sale
$450,000
6 recorded transactions
Zoning & alternative use
DC-1 · Fuquay Varina, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The DC-1 zoning district is intended to permit 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 primary retail district to permit an economic mix of viable retail, commercial, office and residential uses with…
Zone name
Down Town Center 1
General category
MIXED_USE
Zone area
76.81 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$885,000
+19.2%
Medical building
$865,000
+16.5%
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
$695,000
ML approach
$665,000
CAP Approach
CAP Return
Estimation
6%
$785,000
6.5%
$725,000
7%
$675,000
Alternative Use
Use
Estimation
RETAIL STORES
$740,000
Current use
COMMERCIAL (GENERAL)
$885,000
Change: +19% · Conversion: Easy
MEDICAL BUILDING
$865,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$540k
Range $486k – $594k · ±10% · vs last sale $450k (May 28 2021)
Last sale anchor
$450k
May 28 2021
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
$203 / 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
$3,169
Tax year 2023
Assessed value
$284,980
Assessed 2023
Previous assessed
$284,980
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$62,567
Assessed improvement
$222,413
Land market value
$62,567
Improvement market value
$222,413
Total market value
$284,980
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
1966
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
2,660 SF
Lot
0.12 ac (5,227 SF)
Zoning code
DC-1
APN
0656.12-97-8383 0090021
UPID
US53-0280685
Jurisdiction
WAKE
Zoning & alternative use
DC-1 · Fuquay Varina, NCZoning DC-1 · permitted uses
DC-1 · 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-1 zoning district is intended to permit 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 primary retail district to permit an economic mix of viable retail, commercial, office and residential uses with adequate accommodations for automobile but a greater emphasis on pedestrian needs, access and a safe environment. This district permits infill and new development, redevelopment and residential uses using multi-story, mixed-use development and multi-family uses with no maximum density, and with retail uses required on the ground floor and office or residential on the upper floors of buildings. The regulations applied in this district are form-based applications. Public utilities are required.
Zone name
Down Town Center 1
General category
MIXED_USE
Zone area
76.81 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$740,000
COMMERCIAL (GENERAL)
Est. value
$885,000
MEDICAL BUILDING
Est. value
$865,000
RETAIL STORES Current
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
1966
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
Somerville Ventures LLC
Entity
Mailing address
128 S FUQUAY AVE, FUQUAY VARINA, NC 27526-2211
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 28, 2021
$450,000
Somerville Ventures LLC
Fv Property 128 LLC
Warranty Deed
$427,500 · North State Bank
Jun 27, 2017
—
Fv Property 128 LLC
Ada Properties LLC
Warranty Deed
related
—
Jun 12, 2017
$160,000
Ada Properties LLC
Mezzacappa,daniel & Marissa
Warranty Deed
—
Nov 29, 2016
—
Daniel Mezzacappa
Mezzacappa Motorsports INC
Quit Claim Deed
related
$148,000 · Four Oaks Bk&tr
Nov 1, 2010
$212,000
Mezzacappa Motorsports INC
Harte,john T & Nancy L
Warranty Deed
$169,600 · Four Oaks Bank & Trust Co
Jun 30, 2006
—
John T Harte
Town Of Fuquay-varina
Warranty Deed
$100,000 · Fidelity 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 128 Fuquay Ave?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
