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Property profile & analytics
OFF-MARKET
Retail space
1900 Broad St Fuquay Varina, NC 27526-8371
Individually Owned
8-yr Hold
Free & Clear
Property ID
US53-1190092
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1974
Construction
BRICK
Total area
1,829 SF
Lot
3.79 ac (165,092 SF)
Zoning code
NMU
APN
0657.02-77-4574 0067467
UPID
US53-1190092
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
-
La Farm Bakery Bakery Specialty Food Shop
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
Thomas C Stepitenson · 8 yrs held
Thomas C Stepitenson
since 2017
6 recorded transactions
Zoning & alternative use
NMU · Fuquay Varina, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
This zoning district is appropriate on a property based on standards that include predetermined urban centers at major intersections and predetermined corridors along major arterial thoroughfares. A specific set of standards and regulations apply to the CMU zoning district, in accordance with RMU, CMU and EMU form-based districts of the land development ordi…
Zone name
Neighborhood Mixed Use Special District
General category
MIXED_USE
Zone area
226.55 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
$5,249
Tax year 2023
Assessed value
$472,043
Assessed 2023
Previous assessed
$472,043
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$445,748
Assessed improvement
$26,295
Land market value
$445,748
Improvement market value
$26,295
Total market value
$472,043
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
1974
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Rooms
5
Total area
1,829 SF
Lot
3.79 ac (165,092 SF)
Zoning code
NMU
APN
0657.02-77-4574 0067467
UPID
US53-1190092
Jurisdiction
WAKE
Zoning & alternative use
NMU · Fuquay Varina, NCZoning NMU · permitted uses
NMU · Fuquay Varina, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
This zoning district is appropriate on a property based on standards that include predetermined urban centers at major intersections and predetermined corridors along major arterial thoroughfares. A specific set of standards and regulations apply to the CMU zoning district, in accordance with RMU, CMU and EMU form-based districts of the land development ordinance. The CMU zoning district consists of primarily commercial and office uses, including general retail, restaurants, professional office, etc. Residential uses, including a mixture of housing types and residential densities, surround a commercial center. Public utilities are required.
Zone name
Neighborhood Mixed Use Special District
General category
MIXED_USE
Zone area
226.55 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1974
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Rooms
5
Lot
3.79 ac
Current owner
From public records · entity-resolved
Thomas C Stepitenson
Individual
Free & Clear · 8 yrs held
Mailing address
110 MACKENAN DR, CARY, NC 27511-7901
Mailing matches property
Yes
Owner-occupied
Yes
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2017
—
Thomas C Stepitenson
Stephenson Broad Street LLC
Quit Claim Deed
related
—
Dec 21, 2017
$342,000
Stephenson,robert E Trust
Stephenson Broad Street LLC
Warranty Deed
related
—
Aug 9, 2017
—
Stephenson Broad Street LLC
Stephenson Robert E Trust
Correction Deed
related
—
Jan 18, 2013
—
Stephenson Broad Street LLC
Stephenson,robert E
Quit Claim Deed
related
—
Oct 31, 2008
$119,000
H & B Stephenson Family LLC
Stephenson,harry D & Bobbie H
Grant Deed
related
—
Oct 5, 2006
$119,000
Stephenson,harry D & Thomas C
Stephenson,james B II
Warranty Deed
related
—
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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