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    305 Judd NE Pkwy Fuquay Varina, NC 27526-2370
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    Property profile & analytics

    305 Judd NE Pkwy, Fuquay Varina, NC 27526-2370

    View on Map
    • Drug stores
    • 2,000 SF
    • 0.60 lot acres
    Off-Market
    Last Sale Sep 14, 2022
    $850,000
    Property ID
    US53-2064004
    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.
    Value Estimations
    $920,000
    Show details
    Cap Rate Potential
    3.6%
    Drug stores
    Location Intelligence

    Current Use by Public Records

    • Fuquay Pharmacy / Pharmacy
    • Teressa Haddon / Pharmacy

    Property Details for 305 Judd NE Pkwy

    Year built
    2001
    Construction
    BRICK
    Lot size
    0.60 lot acres
    Zone code
    CC-CZD
    Property type
    Drug stores
    APN
    0666.06-48-9992 0273453
    APU
    666064899920273453

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Sep 14, 2022 $850,000 R A S Real Estate Holdings LLC Rx Care LLC Special Warranty Deed $640k · United Community Bank
    May 7, 2013 $480,000 Rx Care LLC 305 N Judd Parkway LLC Warranty Deed $384k · 305 N Judd Parkway LLC
    Jul 31, 2008 — 305 N Judd Parkway LLC Updegrave,eleanor J Warranty Deed · related —
    Nov 14, 2007 $650,000 Eleanor J Updegrave Bdwd LLC Warranty Deed —
    — — Rx Care 13 LLC — Loan Modification · related $237k · 305 N Judd Parkway LLC

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $985,000
      ML approach
      $1,040,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $875,000
      Market price range: $258k - $876k

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $560,000
      Current use
      NEIGHBORHOOD: SHOPPING CENTER
      $1,100,000
      Change: +98% Conversion: Moderate
      AUTO REPAIR, GARAGE
      $690,000
      Change: +24% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $665,000
      Change: +19% Conversion: Easy
      MEDICAL BUILDING
      $650,000
      Change: +16% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Fuquay Varina
    County
    Wake
    State
    North Carolina
    Longitude
    -78.7814
    Latitude
    35.5878
    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
    $8,297
    $235,224
    $510,891
    $746,115
    -
    $235,224
    $510,891
    $746,115

    Comparable in this City

    • Value Estimation
      $3,120,000
      12,900 SF

      605 Main St

      DRUG STORE, PHARMACY
      605 Main St, Fuquay Varina, NC 27526-2026
      View Details
    • Value Estimation
      $3,065,000
      11,212 SF

      816 Main St

      DRUG STORE, PHARMACY
      816 Main St, Fuquay Varina, NC 27526-2067
      View Details
    • Value Estimation
      $1,045,000
      4,022 SF

      1802 James Slaughter Rd

      DRUG STORE, PHARMACY
      1802 James Slaughter Rd, Fuquay Varina, NC 27526-8397
      View Details
    • Value Estimation
      $3,275,000
      13,559 SF

      1401 Main St

      DRUG STORE, PHARMACY
      1401 Main St, Fuquay Varina, NC 27526-9024
      View Details
    • Value Estimation
      $1,805,000
      6,565 SF

      1003 Broad St

      RETAIL STORES (PERSONAL SERVICES)
      1003 Broad St, Fuquay Varina, NC 27526-1799
      View Details
    • Value Estimation
      $555,000
      8,518 SF

      325 Judd NE Pkwy

      FINANCIAL BUILDING
      325 Judd NE Pkwy, Fuquay Varina, NC 27526-2370
      View Details

    Similar Nearby for Sale

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      6,000 SF

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      Prime Retail Location, 8 Units, High Occupancy
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    • $999,900
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      Versatile Downtown Property For Sale

      Highly visible property with showroom and flexible space in growing community.
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      Commercial development opportunity in a high-growth Fuquay-Varina location.
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      Prime Commercial Corner Lot Opportunity

      High-visibility corner lot ideal for retail, office, or mixed-use.
      629 W Academy St, Fuquay Varina, NC 27526
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      1,925 SF

      Retail/Office Building on Highway 401

      1,925 SF building on almost 1 acre near Highway 401.
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    • $3,750,000
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      Fully Equipped Restaurant/Bar Opportunity

      Turnkey restaurant/bar with medical conversion potential in growing Fuquay-Varina.
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    Similar Nearby for Lease

    • $37 SF/Yr
      2,289 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
    • Contact for pricing

      Retail and Medical Office Space

      Retail and medical office space available in Fuquay-Varina, NC.
      NC-55 & Old Powell Rd, Fuquay-Varina, NC 27526
      View Details
    • Contact for pricing
      5,021 SF

      New Retail Space For Lease

      New ground floor retail space available in Fuquay-Varina, NC.
      200 Alex Ridge Dr, Fuquay-Varina, NC 27526
      View Details
    • Contact for pricing
      11,000 SF

      Retail Space in Walkable Community

      Retail space available in a class-A master-planned walkable community.
      801-904 Old Honeycutt Rd, Fuquay-Varina, NC 27526
      View Details
    • Contact for pricing

      Retail Pad Site For Lease

      Pad site suitable for QSRs, retailers, and medical users.
      Fuquay Ave, Fuquay Varina, NC 27526
      View Details
    • $1,300 /Mo
      3,180 SF

      Retail Space in Fuquay Varina

      Retail space available for lease in Fuquay Varina, NC.
      411 E Broad St, Fuquay Varina, NC 27526
      View Details
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    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
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