Property profile

209 Technology Park Ln Fuquay Varina, NC 27526

OFF-MARKET
Warehouses
Property ID
US53-2221767
10,400 SF 1.84 ac lot Built 2001
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 22,230-square-foot industrial flex building, located at 209 Technology Park Ln, Fuquay-Varina, NC 27526, presents a unique owner-user opportunity. Situated on a 1.84-acre lot in Wake County, this single-story Class B building boasts a desirable blend of warehouse, office, and potential retail space, perfect for diverse uses. Built in 2001 and renovated in 2012, the property features 18-foot ceilings, four loading docks, and one dock-high door, providing ample functionality. The RLI zoning allows for a variety of permitted uses. The building benefits from excellent highway access, serving the greater Triangle area. The current owner will require a short-term leaseback of 3-6 months, providing a smooth transition. This well-maintained property offers significant capital improvements and represents a rare chance to acquire a building below replacement cost in a thriving, low-vacancy industrial market. The property's previous tenant, Aviator Brewing, occupied the space for over a decade, highlighting its adaptability and appeal. The surrounding Technology Park Lane is home to a diverse range of industrial and flex businesses, reflecting the area's robust economic growth. This is an exceptional opportunity to capitalize on the strong demand for industrial space in a rapidly expanding market. The property's combination of warehouse, office, and potential retail space, along with its convenient location and ample loading capabilities, makes it an attractive investment for a wide range of businesses. The building is vacant and ready for occupancy on July 31, 2024.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 2001
Construction METAL FRAME
Total area 10,400 SF
Lot 1.84 ac (80,150 SF)
Zoning code RLI
APN 0658.04-60-9503 0274406
UPID US53-2221767

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Production Facility Brewery & Distillery

Location

209 Technology Park Ln Fuquay Varina, NC 27526-9311
Fuquay Varina metro Census 53205 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
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CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
$665k

Owner & transaction history

since 2025
Last sale
$4.0M
7 recorded transactions
2025
$4.0M
2022
Price N/A
2021
Price N/A
2013
Price N/A
2011
$750,000
2001
Price N/A
2001
Price N/A

Zoning & alternative use

RLI · Fuquay Varina, NC
Zoning description

$21

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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