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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Investment properties
206 Academy St Fuquay Varina, NC 27526-2203
Entity Owned
~
Est. High Equity
Property ID
US53-1282457
Property profile
Verified
Property type
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Year built
1920
Total area
1,952 SF
Lot
0.45 ac (19,602 SF)
Zoning code
O&I
APN
0666.05-07-1546 0072596
UPID
US53-1282457
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
-
Pennington Brienzi Law, PLLC Law Firm Child Welfare Organization
-
Milton Realty Group Property Management Company Townhouse Complex
-
Uber Docs, llc. Courier Service Postal Service
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$580k
CAP Approach
CAP
$415k
Comparable Approach
Comparable
$662k
Blend (final)
Blend
$625k
Owner & transaction history
Relee LLC
Relee LLC
since 2025
Last sale
$650,000
7 recorded transactions
Zoning & alternative use
O&I · Fuquay Varina, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$675,000
+3.8%
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
Method
Estimation
Statistic approach
$580,000
ML approach
$580,000
CAP Approach
CAP Return
Estimation
6%
$450,000
6.5%
$415,000
7%
$385,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$650,000
Current use
AUTO REPAIR, GARAGE
$675,000
Change: +4% · Conversion: Difficult
MEDICAL BUILDING
$635,000
Change: -2% · Conversion: Easy
RETAIL STORES
$545,000
Change: -16% · Conversion: Easy
Blend value · Realmo final
$625k
Range $563k – $688k · ±10% · vs last sale $650k (Jun 5 2025)
Last sale anchor
$650k
Jun 5 2025
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$320 / SF
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
$1,518
Tax year 2023
Assessed value
$290,373
Assessed 2023
Previous assessed
$290,373
+0.0% YoY
Effective rate
0.52%
On assessed value
Assessed land
$156,816
Assessed improvement
$133,557
Land market value
$156,816
Improvement market value
$133,557
Total market value
$290,373
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
Investment properties
Use group
OFFICE/RESIDENTIAL (MIXED USE)
Status
Off-Market
Year built
1920
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Rooms
8
Bathrooms
1
Total area
1,952 SF
Lot
0.45 ac (19,602 SF)
Zoning code
O&I
APN
0666.05-07-1546 0072596
UPID
US53-1282457
Jurisdiction
WAKE
Zoning & alternative use
O&I · Fuquay Varina, NC
Zoning O&I · permitted uses
O&I · Fuquay Varina, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fuquay Varina. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL) Current
Est. value
$650,000
AUTO REPAIR, GARAGE
Est. value
$675,000
MEDICAL BUILDING
Est. value
$635,000
RETAIL STORES
Est. value
$545,000
COMMERCIAL (GENERAL) Current
AUTO REPAIR, GARAGE
MEDICAL BUILDING
RETAIL STORES
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1920
Heating
CENTRAL
Cooling
Yes
Stories
1
Rooms
8
Bathrooms
1
Lot
0.45 ac
Current owner
From public records · entity-resolved
Relee LLC
Entity
Mailing address
206 E ACADEMY ST, FUQUAY VARINA, NC 27526-2203
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 5, 2025
—
Relee LLC
Pennington Brienzi Real Estate Hldg
Warranty Deed
—
Sep 5, 2025
$650,000
Relee LLC
Pennington Brienzi Real Estate Hldg
Warranty Deed
—
Aug 1, 2024
$580,000
Pennington Brienzi Re Holdings LLC
The Law Office Of Chelly Pennington
Warranty Deed
$493,000 · First National Bank Of Pennsylvania
Sep 24, 2019
$400,000
Law Office Of Chelly Pennington P
Dsu Investments LLC
Warranty Deed
$380,000 · North St Bk
Jun 28, 2016
$180,000
Dsu Investments LLC
Smith,june C
Grant Deed
$201,000 · First Bk
Nov 18, 2013
—
Jerry T Currin
Smith,june C
Warranty Deed
related
—
Mar 22, 2010
$147,000
June C Smith
Currin,jerry T
Quit Claim Deed
related
$340,000 · Tyco FCU
Nov 7, 2008
—
Jerry T Currin
Currin,peggy K
Quit Claim Deed
related
—
—
—
Jerry Currin
—
Deed Of Trust
related
$157,250 · Four Oaks Bank & Trust Co
—
—
June Smith
—
Deed Of Trust
related
$20,000 · Four Oaks Bank & Trust Co
—
—
Jerry T Currin
—
Deed Of Trust
related
$150,000 · Fidelity Bank NA
—
—
Jerry T Currin
—
Deed Of Trust
related
$155,007 · Fidelity Bank NA
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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