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Property profile & analytics
OFF-MARKET
Retail space
1409 Academy St Fuquay Varina, NC 27526-8213
Entity Owned
9-yr Hold
Free & Clear
Property ID
US53-5724610
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1950
Construction
CONCRETE BLOCKS
Total area
1,930 SF
Lot
1.75 ac (76,230 SF)
Zoning code
NC
APN
0646.04-83-1467 0094085
UPID
US53-5724610
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
-
Encore Properties Property Management Company Real Estate Agent
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Zhiya INC · 9 yrs held
Zhiya INC
since 2017
3 recorded transactions
Zoning & alternative use
NC · Fuquay Varina, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The NC zoning district is intended to permit small-scale, minimal intensity commercial and office development that primarily serve the immediate surrounding neighborhoods. Typically, a single use will occupy no more than 15000 square feet of gross floor area and property designated for NC zoning district developments are on 6 acres or less with retail and of…
Zone name
Neighborhood Commercial
General category
COMMERCIAL
Zone area
17.37 ac
Source
Realmo
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,207
Tax year 2023
Assessed value
$283,010
Assessed 2023
Previous assessed
$283,010
+0.0% YoY
Effective rate
0.78%
On assessed value
Assessed land
$72,358
Assessed improvement
$210,652
Land market value
$72,358
Improvement market value
$210,652
Total market value
$283,010
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
1950
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Rooms
4
Bathrooms
1
Total area
1,930 SF
Lot
1.75 ac (76,230 SF)
Zoning code
NC
APN
0646.04-83-1467 0094085
UPID
US53-5724610
Jurisdiction
WAKE
Zoning & alternative use
NC · Fuquay Varina, NCZoning NC · permitted uses
NC · Fuquay Varina, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The NC zoning district is intended to permit small-scale, minimal intensity commercial and office development that primarily serve the immediate surrounding neighborhoods. Typically, a single use will occupy no more than 15000 square feet of gross floor area and property designated for NC zoning district developments are on 6 acres or less with retail and office uses providing a range of goods and services. This district is not intended for use by major or large-scale commercial, sales, service or automotive oriented activities. Uses in this district are generally intended to be located within convenient walking distance (1/4 to 1/2) mile from neighborhoods in the vicinity of this district and is normally located at intersections of major or minor thoroughfares and collector streets. Public utilities are required
Zone name
Neighborhood Commercial
General category
COMMERCIAL
Zone area
17.37 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1950
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
Yes
Stories
1
Rooms
4
Bathrooms
1
Lot
1.75 ac
Current owner
From public records · entity-resolved
Zhiya INC
Entity
Free & Clear · 9 yrs held
Mailing address
105 CHIEFTAIN DR, HOLLY SPRINGS, NC 27540-4707
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 26, 2017
$230,000
Zhiya INC
N & W LLC
Warranty Deed
—
Apr 3, 2012
$247,500
N & W LLC
Pemberly Properties LLC
Warranty Deed
$137,000 · Patriot State Bank
May 25, 2007
$116,000
Pemberly Properties LLC
Brown,clifford L & Deborah U F
Warranty Deed
$97,750 · Patriot State Bank
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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