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    3220 Main St Fuquay-Varina, NC 27526
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    Property profile & analytics

    3220 Main St, Fuquay-Varina, NC 27526

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    • Commercial real estate
    • 4.45 lot acres
    Off-Market
    Property ID
    US53-5566865
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Commercial real estate

    Property Details for 3220 Main St

    Lot size
    4.45 lot acres
    Property type
    Commercial real estate
    APN
    0688119664

    Description

    This exceptional 4.45-acre property presents a unique investment opportunity in the thriving Fuquay-Varina, NC market. Located in Wake County, the land encompasses four parcels with addresses at 3220 and 3224 N Main St, and 5532 and 5534 Hilltop Rd, all within the 27526 zip code. The property is zoned for General Commercial and Residential Agriculture use, offering considerable flexibility for development. With its expansive size and strategic location, this land is ideal for a variety of commercial ventures or agricultural pursuits. The asking price is $1,650,000. The combined parcels offer significant potential for future growth and development, making this a compelling investment in a rapidly expanding area. The property's convenient location provides easy access to major transportation routes and amenities, further enhancing its appeal. Detailed zoning information and survey data are readily available upon request. This is a rare opportunity to acquire a substantial land holding in a highly desirable location. Don't miss out on this chance to secure a prime piece of real estate in Fuquay-Varina. The APN is 0688119664.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Fuquay-Varina
    County
    Wake
    State
    North Carolina
    Longitude
    -78.7252791
    Latitude
    35.6227247

    Comparable in this City

    • Contact for pricing

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      Fuquay Varina Homesite on Saponi

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      Land Assemblage on S. Main

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      Land Near Cape Fear River

      Two lots totaling 0.73 acres near Cape Fear River.
      101 Bay St, Fuquay Varina, NC 27526
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    Similar Nearby for Sale

    • Contact for pricing

      Fuquay-Varina Land Tract Opportunity

      13.3-acre tract ideal for mini-farm or family compound.
      319 Vanstore Dr, Fuquay Varina, NC 27526
      View Details
    • New
      $449,000
      10.07 Acres

      Fuquay Varina Homesite on Saponi

      10.1-acre homesite for a private retreat or equestrian lifestyle.
      Saponi Trl, Fuquay Varina, NC 27526
      View Details
    • Contact for pricing

      Land Assemblage on S. Main

      Land assemblage at the intersection of S. Main and Judd Pkwy.
      Fuquay Varina, NC 27526
      View Details
    • $62,000
      0.73 Acres

      Land Near Cape Fear River

      Two lots totaling 0.73 acres near Cape Fear River.
      101 Bay St, Fuquay Varina, NC 27526
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Land for Rent in Fuquay-Varina

      Land available for rent in Fuquay-Varina, North Carolina.
      N Main St & Nc 55 Hwy, Fuquay-Varina, NC 27526
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    • Contact for pricing

      Prime Retail Pad Site Available

      1.00-acre pad for ground lease near Main Street.
      640 Lakestone Commons Ave, Fuquay Varina, NC 27526
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      Land for Lease in Fuquay-Varina

      Commercial land available for lease in Fuquay-Varina, North Carolina.
      Nc-55 & Clayton Rd, Fuquay-Varina, NC 27526
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    • $29 SF/Yr
      9,393 SF

      Office Condos in Fuquay-Varina

      New office condo development in Fuquay-Varina, convenient location.
      1830-1880 N Broad St, Fuquay-Varina, NC 27526
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    • Contact for pricing
      73,859 SF

      Industrial Space in Fuquay-Varina

      Available industrial space with 30' ceilings and ample loading.
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    • $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
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    Fuquay-Varina, NC 27526
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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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