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    1880 Broad St Fuquay-Varina, NC 27526

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    1880 Broad St Fuquay-Varina, NC 27526


    • Retail space
    • 7,561 SF
    • 7.38 lot acres
    New Professional Condo Development For Lease
    $765,000

    New Professional Condo Development

    Six-building professional condo development in Fuquay-Varina, convenient to Holly Springs.

    1880 Broad St, Fuquay-varina, NC 27526
    View Listing
    Property ID
    US53-0776947
    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
    $765,000
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Sheetz / Gas Station

    Property Details for 1880 Broad St

    Year built
    2022
    Construction
    BRICK
    Lot size
    7.38 lot acres
    Property size
    7,561 SF
    Zone code
    GC
    Property type
    Retail space
    APN
    0657.02-76-7859 0361287
    APU
    657027678590361287

    Description

    Lane Professional Park offers exceptional office and retail opportunities in the rapidly growing Fuquay-Varina area. This brand-new, six-building development, completed in 2024, features single-story buildings totaling 67,350 square feet of space. Units range from 1,800 to a maximum contiguous 9,805 square feet, ideal for a variety of businesses. The property boasts a convenient location on NC 55 Hwy, providing easy access to both Holly Springs and Fuquay-Varina, with excellent visibility and multiple points of ingress/egress on NC 55 Hwy and Old Powell Road. The development benefits from a high traffic count of 30,000 vehicles per day and is surrounded by significant residential growth, with over 3,500 new homes and apartments approved or under construction nearby. The property offers ample parking with a 4.0 per 1,000 square foot ratio. Available spaces are suitable for traditional office, medical office, and retail uses. Lease terms are flexible, ranging from 5 to 10 years, with tenant allowances for build-out. Office lease rates are $27.50 per square foot per year, NNN, and retail lease rates are $29.50 per square foot per year, NNN. The sale price is available upon request. The estimated total operating expense is $4.25 per square foot per year. Signage opportunities are also available. Currently, 41,361 square feet of space is vacant.


    Value Estimations

    based on Realmo’s proprietary methodology
    • AI approach

      Method
      Estimation
      Statistic approach
      $730,000
      ML approach
      $785,000

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


    Location Insight

    • Map
    • Local Demand
    City
    Fuquay Varina
    County
    Wake
    State
    North Carolina
    Longitude
    -78.8057
    Latitude
    35.6097
    CBSA code
    39580
    CBSA name
    RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $30,483
    $1,928,838
    $812,448
    $2,741,286
    -
    $1,928,838
    $812,448
    $2,741,286
    View Listing
    More about this property
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