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    1305 Main St Fuquay-Varina, NC 27526
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    Property profile & analytics

    1305 Main St, Fuquay-Varina, NC 27526

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    • Commercial real estate
    • 9,980 SF
    Off-Market
    Property ID
    US53-1525546
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Isalis / (Bike/Boat/Book/etc) Store
    • Party City / Party Supply Store / (Bike/Boat/Book/etc) Store
    • Skunk Funk / Big Box & Wholesale Store
    • Carl's Trading Co / Hat Shop
    • Bushka's Kitchen LLC / (Bike/Boat/Book/etc) Store

    Property Details for 1305 Main St

    Property type
    Commercial real estate

    Description

    This exceptional 9,980 square foot special purpose building, constructed in 2001, is situated on a large 198,198 square foot lot in Fuquay-Varina, NC, zip code 27526. The property boasts a spacious and open layout, ideally suited for a variety of uses. The main area features stunning stained-glass windows, creating a bright and welcoming atmosphere. Additional features include a large fellowship hall perfect for gatherings, a baptismal pool, several classrooms for educational programs or other activities, and an upstairs balcony offering extra seating capacity. With a capacity for up to 285 guests, this versatile building presents a unique opportunity. Its convenient location near downtown Fuquay-Varina ensures easy accessibility. The asking price for this remarkable property is $1,900,000. This property is zoned for commercial use and offers significant potential for various commercial ventures. The ample lot size provides considerable expansion possibilities or additional parking. This is a rare opportunity to acquire a substantial property in a thriving North Carolina town. The building's existing features provide a solid foundation for immediate occupancy and potential future development.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fuquay-Varina
    County
    Wake
    State
    North Carolina
    Longitude
    -78.8034994
    Latitude
    35.5637029

    Comparable in this City

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      Childcare center in Fuquay-Varina with strong visibility and accessibility.
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      Land Assemblage on S. Main

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      Land Near Cape Fear River

      Two lots totaling 0.73 acres near Cape Fear River.
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      Residential Lot Near Cape Fear

      0.41 acre residential lot with river access.
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    Similar Nearby for Sale

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      1,632 SF

      Established Childcare Center For Sale

      Childcare center in Fuquay-Varina with strong visibility and accessibility.
      523 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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    • $150,000
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      Residential Land in Fuquay Varina

      1.59 acre lot, build your dream home!
      580 Lambert Ln, Fuquay Varina, NC 27526
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    • $1,350,000
      Pending

      Versatile Development Site in Fuquay-Varina

      11.5-acre property with residential and future commercial potential.
      1212 Rogers Rd, Fuquay Varina, NC 27526
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    • $3,900,000
      60.00 Acres

      Large Tract in Developing Area

      53.5+/- acres in rapidly developing area near Fuquay-Varina, NC.
      579 Hilliard Rd, Fuquay Varina, NC 27526
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    • $1,920,000
      6.70 Acres

      Prime Commercial Land Opportunity

      6.7-acre commercial land with high potential in Fuquay-Varina, NC.
      219 Dickens Rd, Fuquay Varina, NC 27526
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    Similar Nearby for Lease

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      Prime Retail Pad Site Available

      1.00-acre pad for ground lease near Main Street.
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      Land for Lease in Fuquay-Varina

      Commercial land available for lease in Fuquay-Varina, North Carolina.
      Nc-55 & Clayton Rd, Fuquay-Varina, NC 27526
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    • 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
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    • $29 SF/Yr
      9,393 SF

      Office Condos in Fuquay-Varina

      New office condo development in Fuquay-Varina, convenient location.
      1830-1880 N Broad St, Fuquay-Varina, NC 27526
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      73,859 SF

      Industrial Space in Fuquay-Varina

      Available industrial space with 30' ceilings and ample loading.
      8009-8013 Purfoy Rd, Fuquay-Varina, NC 27526
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    • $37 SF/Yr
      2,289 SF

      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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