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Property profile & analytics
OFF-MARKET
Estimated value
$3,450,000
Retail space
2908 Main St, Fuquay Varina, NC 27526-5497
Entity Owned
Free & Clear
Property ID
US53-1482425
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2008
Construction
BRICK
Total area
6,554 SF
Lot
17.65 ac (768,834 SF)
Zoning code
GC
APN
0677.02-99-4078 0045390
UPID
US53-1482425
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
-
Kyngdom Plumbing,LLC Plumbing Service General Contractor
-
Enterprise Rent-A-Car Car Rental Facility
-
The Wright Agency: Allstate Insurance Insurance Agency
-
Impact Printing & Design (Bike/Boat/Book/etc) Store Printing Service
-
Good Guy Vape and Smoke (Bike/Boat/Book/etc) Store Alternative Medicine Practice
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.87M
Blend (final)
Blend
$3.45M
Owner & transaction history
Chen Commercial Fv LLC
Chen Commercial Fv LLC
since 2025
7 recorded transactions
Zoning & alternative use
GC · Fuquay Varina, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$3.6M
+97.5%
Restaurant
$3.5M
+93.5%
Auto repair, garage
$2.3M
+23.8%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$3,610,000
Change: +98% · Conversion: Moderate
RESTAURANT
$3,535,000
Change: +93% · Conversion: Easy
AUTO REPAIR, GARAGE
$2,265,000
Change: +24% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,180,000
Change: +19% · Conversion: Easy
MEDICAL BUILDING
$2,130,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$3.45M
Range $3.11M – $3.80M · ±10%
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
$526 / 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
$34,945
Tax year 2023
Assessed value
$3,142,495
Assessed 2023
Previous assessed
$3,142,495
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$649,344
Assessed improvement
$2,493,151
Land market value
$649,344
Improvement market value
$2,493,151
Total market value
$3,142,495
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
2008
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Rooms
6
Total area
6,554 SF
Lot
17.65 ac (768,834 SF)
Zoning code
GC
APN
0677.02-99-4078 0045390
UPID
US53-1482425
Jurisdiction
WAKE
Zoning & alternative use
GC · Fuquay Varina, NC
Zoning GC · permitted uses
GC · 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
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.6M
RESTAURANT
Est. value
$3.5M
AUTO REPAIR, GARAGE
Est. value
$2.3M
COMMERCIAL (GENERAL)
Est. value
$2.2M
MEDICAL BUILDING
Est. value
$2.1M
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
2008
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Rooms
6
Lot
17.65 ac
Current owner
From public records · entity-resolved
Chen Commercial Fv LLC
Entity
Free & Clear · 0 yrs held
Mailing address
2608 VLG MNR WAY, RALEIGH, NC 27614-8097
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 15, 2025
—
Chen Commercial Fv LLC
Town Of Fuquay Varena
Warranty Deed
—
Apr 7, 2022
$4,200,000
Clien Commercial Fv LLC
Pgp Fuquay Retail LLC
Special Warranty Deed
$3,360,000 · Pinnacle Bank
Dec 7, 2018
$7,070
Pgp Fuquay Retail LLC
Anchor Prop Of Raleigh LLC
Grant Deed
related
$2,610,000 · Paragon Bk
Dec 7, 2018
—
Pgp Fuquay Retail LLC
Anchor Prop Of Raleigh LLC Ncl
Grant Deed
related
—
Jan 3, 2017
$3,000,000
Anchor Properties Of Raleigh LLC
Haddock Properties V LLC
Warranty Deed
—
Oct 16, 2009
—
Haddock Properties V LLC
—
Trustees Deed
related
$1,500,000 · Branch Banking & Trust Co
Oct 29, 2008
—
Haddock Properties V LLC
Haddock,richard M & Linda C
Quit Claim Deed
related
$417,000 · Fifth Third Mortgage Co
Aug 13, 2001
$221,000
Floars,kevin W
Old Stage LLC
Trustees Deed
—
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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