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Property profile & analytics
OFF-MARKET
Retail space
208 Main St Fuquay Varina, NC 27526-2223
Individually Owned
3-yr Hold
Free & Clear
Property ID
US53-0640209
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1915
Construction
BRICK
Total area
1,884 SF
Lot
0.08 ac (3,485 SF)
Zoning code
DC-1
APN
0656.12-97-4031 0056453
UPID
US53-0640209
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
-
MERLE NORMAN COSMETICS STUDIO Cosmetic Store
-
Merle Norman Cosmetics & All Things Girly Boutique Clothing & Fashion Store
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
David M Jenkins · 3 yrs held
David M Jenkins
since 2023
4 recorded transactions
Zoning & alternative use
DC-1 · Fuquay Varina, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The DC-1 zoning district is intended to permit and enhance the existing historic Fuquay-Varina downtown, architectural assets, historic presence, and small town atmosphere, and expand the authentic downtown community. This district is the downtown primary retail district to permit an economic mix of viable retail, commercial, office and residential uses with…
Zone name
Down Town Center 1
General category
MIXED_USE
Zone area
76.81 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
$1,962
Tax year 2023
Assessed value
$176,429
Assessed 2023
Previous assessed
$176,429
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$69,630
Assessed improvement
$106,799
Land market value
$69,630
Improvement market value
$106,799
Total market value
$176,429
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
1915
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
1,884 SF
Lot
0.08 ac (3,485 SF)
Zoning code
DC-1
APN
0656.12-97-4031 0056453
UPID
US53-0640209
Jurisdiction
WAKE
Zoning & alternative use
DC-1 · Fuquay Varina, NCZoning DC-1 · permitted uses
DC-1 · Fuquay Varina, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The DC-1 zoning district is intended to permit and enhance the existing historic Fuquay-Varina downtown, architectural assets, historic presence, and small town atmosphere, and expand the authentic downtown community. This district is the downtown primary retail district to permit an economic mix of viable retail, commercial, office and residential uses with adequate accommodations for automobile but a greater emphasis on pedestrian needs, access and a safe environment. This district permits infill and new development, redevelopment and residential uses using multi-story, mixed-use development and multi-family uses with no maximum density, and with retail uses required on the ground floor and office or residential on the upper floors of buildings. The regulations applied in this district are form-based applications. Public utilities are required.
Zone name
Down Town Center 1
General category
MIXED_USE
Zone area
76.81 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1915
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.08 ac
Current owner
From public records · entity-resolved
David M Jenkins
Individual
Free & Clear · 3 yrs held
Mailing address
519 E PO BOX 333RD ST, FUQUAY VARINA, NC 27526-0333
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 17, 2023
—
David M Jenkins
David M Jenkins
Intrafamily Transfer
related
—
Nov 26, 2019
—
David M Jenkins
Jenkins Real Property LLC
Quit Claim Deed
related
—
Dec 1, 2004
$123,000
Jenkins Real Property LLC
Jenkins,david M
Warranty Deed
related
—
Feb 27, 2001
$123,000
David M Jenkins
Jenkins,david M
Grant 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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