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Property profile & analytics
OFF-MARKET
Estimated value
$2,135,000
Retail space
301 Main St Fuquay Varina, NC 27526-2224
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US53-1232271
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1945
Construction
BRICK
Total area
10,400 SF
Lot
0.77 ac (33,541 SF)
Zoning code
DC-1
APN
0656.12-96-6648 0056867
UPID
US53-1232271
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
-
Labcorp Medical Clinic
-
Level6 Training Gym & Fitness Center
-
MOO SON TANG SOO DO Gym & Fitness Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.84M
Comparable Approach
Comparable
$1.67M
Blend (final)
Blend
$2.14M
Owner & transaction history
South Main Market Associates · 8 yrs held
South Main Market Associates
since 2018
2 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
Top alternative use upside
Commercial (general)
$3.5M
+19.2%
Medical building
$3.4M
+16.5%
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%
$3,075,000
6.5%
$2,840,000
7%
$2,635,000
Alternative Use
Use
Estimation
RETAIL STORES
$2,900,000
Current use
COMMERCIAL (GENERAL)
$3,460,000
Change: +19% · Conversion: Easy
MEDICAL BUILDING
$3,380,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$2.14M
Range $1.92M – $2.35M · ±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
$205 / 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
$19,968
Tax year 2023
Assessed value
$1,795,651
Assessed 2023
Previous assessed
$1,795,651
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$670,149
Assessed improvement
$1,125,502
Land market value
$670,149
Improvement market value
$1,125,502
Total market value
$1,795,651
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
1945
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
10,400 SF
Lot
0.77 ac (33,541 SF)
Zoning code
DC-1
APN
0656.12-96-6648 0056867
UPID
US53-1232271
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
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$2.9M
COMMERCIAL (GENERAL)
Est. value
$3.5M
MEDICAL BUILDING
Est. value
$3.4M
RETAIL STORES Current
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
1945
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.77 ac
Current owner
From public records · entity-resolved
South Main Market Associates
Entity
Mailing address
3305 DURHAM DR STE #109, RALEIGH, NC 27603-3579
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 5, 2023
—
South Main Market Associates LLC
—
Deed
related
$485,000 · First Federal Bank
Mar 26, 2018
—
South Main Market Associates
Turner,w Alan
Grant Deed
related
$185,000 · Four Oaks Bk&tr
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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