Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2310 Broad St Fuquay Varina, NC 27526

    • Garden apartment buildings
    • 11,424 SF
    • 11.74 lot acres
    OFF-MARKET
    Last Sale
    Dec 18, 2020
    Value Estimations
    $1,110,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-0948572
    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.

    Current Use by Public Records

    • Garden apartment buildings

    Property Details for 2310 Broad St

    Year built
    2022
    Construction
    FRAME
    Lot size
    11.74 lot acres
    Property size
    11,424 SF
    Zone code
    PUD
    Property type
    Garden apartment buildings
    APN
    0657.02-59-8835 0250843
    APU
    657025988350250843

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,214,000
      Market price range: $330k - $1.21M

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

    Location Insight

    • Map
    • Local Demand
    City
    Fuquay Varina
    County
    Wake
    State
    North Carolina
    Longitude
    -78.8121
    Latitude
    35.6179
    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
    $109,203
    $4,872,000
    $4,948,402
    $9,820,402
    -
    $4,872,000
    $4,948,402
    $9,820,402

    Comparable in this City

    • Value Estimation
      $875,000
      6,320 SF

      1012 Main St

      GARDEN APT, COURT APT (5+ UNITS) • 6,320 SF
      1012 Main St, Fuquay Varina, NC 27526-2441
      View Details
    • Value Estimation by Request
      2,994 SF

      301 Ransom St

      GARDEN APT, COURT APT (5+ UNITS) • 2,994 SF
      301 Ransom St, Fuquay Varina, NC 27526-2431
      View Details
    • Value Estimation
      $6,245,000
      11,907 SF

      100 Quail Hl St

      GARDEN APT, COURT APT (5+ UNITS) • 11,907 SF
      100 Quail Hl St, Fuquay Varina, NC 27526-2091
      View Details
    • Value Estimation by Request
      5,365 SF

      200 Stone Path Dr

      GARDEN APT, COURT APT (5+ UNITS) • 5,365 SF
      200 Stone Path Dr, Fuquay Varina, NC 27526-1672
      View Details
    • Value Estimation by Request
      23,280 SF

      100 Crown Hl Dr

      GARDEN APT, COURT APT (5+ UNITS) • 23,280 SF
      100 Crown Hl Dr, Fuquay Varina, NC 27526-3858
      View Details
    • Value Estimation
      $6,995,000
      8,904 SF

      1800 Ravensong Cir

      GARDEN APT, COURT APT (5+ UNITS) • 8,904 SF
      1800 Ravensong Cir, Fuquay Varina, NC 27526
      View Details

    Similar Nearby for Sale

    • $736,320
      14,538 SF

      Downtown Fuquay-Varina Office Condos

      Four Luxury Office Condos, Prime Location
      145 Main St, Fuquay-Varina, NC 27526
      View Details
    • $365,000
      1,998 SF

      Spacious Townhome in Madden West

      Four-bedroom, three-and-a-half-bath townhome with modern features and smart home package.
      821 Washington St, Fuquay Varina, NC 27526
      View Details
    • $275,000
      1.52 Acres

      Income-Producing Property Near Wake Tech

      1.52 acres with two income-producing rentals near Wake Tech.
      9704 Eden Trl, Fuquay Varina, NC 27526
      View Details
    • $749,000
      1.95 Acres

      Fuquay Varina Mobile Home Park

      Income-producing mobile home park on 1.95 acres near Wake Tech.
      9645 Eden Trl, Fuquay Varina, NC 27526
      View Details
    • $370,000
      1,998 SF

      Spacious Townhome in Madden West

      Four-bedroom, three-and-a-half-bath townhome with modern features and smart home package.
      815 Washington St, Fuquay Varina, NC 27526
      View Details
    • $429,000
      2,513 SF

      Spacious Townhome in Fuquay-Varina

      Modern 4-bedroom, 3.5-bathroom townhome with community amenities.
      3022 White Rail Dr, Fuquay Varina, NC 27526
      View Details

    Similar Nearby for Lease

    • $1,799 /Mo
      1,938 SF

      Fuquay Varina Home For Rent

      Three-bedroom home with office and flex area in Fuquay Varina.
      656 Barneswyck Dr, Fuquay Varina, NC 27526
      View Details
    • Contact for pricing
      369,600 SF

      Fuquay Commerce Center: Class A Warehouses

      369,600 SF Warehouse Space Available
      1201 Nc 42, Fuquay-Varina, NC 27526
      View Details
    • $27 SF/Yr
      67 SF

      Office Condos in Fuquay-Varina

      New office condo development in Fuquay-Varina, convenient location.
      1830-1880 N Broad St, Fuquay Varina, NC 27526
      View Details
    • $5 SF/Yr
      190,000 SF

      Prime Wake County Warehouse

      190,000 SF Warehouse - Available Now
      1730 5 Pts Ln, Fuquay-Varina, NC 27526
      View Details
    • Contact for pricing
      1 SF

      Fuquay-Varina Commercial Land Opportunity

      0.8-acre commercial lot, prime location.
      1950 Cinema Dr, Fuquay-Varina, NC 27526
      View Details
    • $37 SF/Yr
      27 SF

      Retail Center with Available Space

      Multitenant retail center with spaces available for lease.
      1301 North Judd Pkwy Northeast |, Fuquay Varina, NC 27526
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2310 Broad St
    Fuquay Varina, NC 27526
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.