Property profile

301 Brg St Fuquay Varina, NC 27526

OFF-MARKET
Warehouses
Property ID
US53-1084620
23,868 SF 11.81 ac lot Built 1951
Entity Owned 6-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional industrial property, located at 301 Bridge St in Fuquay-Varina, NC, offers a total of 243,745 square feet of warehouse and flex space across ten buildings situated on 11.81 acres. The property, built in 1951 and zoned HI (Heavy Industrial), provides a diverse range of unit sizes to accommodate various business needs. Buildings A through F each offer approximately 24,000 square feet, while buildings G through J provide approximately 18,000 square feet each. All buildings feature convenient drive-in bay doors. Individual units are divisible down to 195 square feet, allowing for flexibility and customization. The maximum contiguous space available is 24,000 square feet, while a total of ten suites are available for lease. This multi-tenant property presents a unique opportunity for businesses seeking versatile and adaptable warehouse or flex space in Wake County, North Carolina. The property's location in Fuquay-Varina offers convenient access to major transportation routes and a thriving business community. The property is ideal for businesses requiring substantial space and flexible configurations. Currently, eleven spaces are available for lease. This prime industrial location provides a strategic advantage for businesses seeking to establish or expand their operations in the area. The property's size and layout offer significant potential for a variety of industrial uses.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1951
Construction METAL FRAME
Total area 23,868 SF
Lot 11.81 ac (514,444 SF)
Zoning code HI
APN 0656.07-69-4035 0070889
UPID US53-1084620

Cap rate & NOI

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

Location

301 Brg St Fuquay Varina, NC 27526
Fuquay Varina metro Census 53106 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.86M
Comparable Approach Comparable
by Request
Blend (final) Blend
$730k

Owner & transaction history

since 2019
5 recorded transactions
2019
$1.3M
2019
$945,000
2016
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

HI · Fuquay Varina, NC
Zoning description

The HI zoning district is intended to permit new industrial development and existing industries and warehouses developed, and to permit redevelopment, as the market changes, for warehousing of production, material and fi…

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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