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    1431 Broad St Fuquay-Varina, NC 27526
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    Property profile & analytics

    1431 Broad St, Fuquay-Varina, NC 27526

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    • Commercial real estate
    • 7.57 lot acres
    Off-Market
    Property ID
    US53-1522906
    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

    • Commercial real estate

    Property Details for 1431 Broad St

    Lot size
    7.57 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 7.57-acre commercial land parcel in Fuquay-Varina, North Carolina, presents a remarkable investment opportunity. Located at 1431 N. Broad Street, this property boasts a prime location on US Highway 55, offering unparalleled visibility and accessibility. With over 857 feet of road frontage (516 feet on Broad Street and 341 feet on Judd Parkway, each with one curb cut), this level lot is ideally suited for a variety of commercial uses. The Planned Unit Development (PUD) zoning permits commercial retail, office, or medical developments. The property benefits from a high daily traffic volume of approximately 30,000 vehicles per day on Highway 55, ensuring significant exposure for any business. Public utilities are readily available. Situated in the rapidly growing Southwest Wake County submarket, this location offers easy access to Interstate 540 (six miles away) and is conveniently close to downtown Fuquay-Varina, Research Triangle Park, Raleigh, Durham, and Chapel Hill. The asking price for this exceptional property is $3,650,000. This is a rare chance to acquire a strategically positioned land parcel in one of North Carolina's most dynamic and expanding communities. The level topography and ample road frontage make this an ideal site for immediate 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
    Saratoga
    State
    North Carolina

    Comparable in this City

    • Contact for pricing

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      Versatile Development Site in Fuquay-Varina

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      Large Tract in Developing Area

      53.5+/- acres in rapidly developing area near Fuquay-Varina, NC.
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      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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      Land in High-Traffic Area

      4.42 acre commercial land in Fuquay Varina, North Carolina.
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    Similar Nearby for Sale

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      Land Assemblage on S. Main

      Land assemblage at the intersection of S. Main and Judd Pkwy.
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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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      Rawls Church Road Land Opportunity

      Undeveloped land suitable for estate, family compound, or subdivision.
      Rawls Church 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.
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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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    • Contact for pricing
      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
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    • Contact for pricing

      Retail Pad Site For Lease

      Pad site suitable for QSRs, retailers, and medical users.
      Fuquay Ave, Fuquay Varina, NC 27526
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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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