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Property profile & analytics
OFF-MARKET
Estimated value
$3,120,000
Drug stores
605 Main St Fuquay Varina, NC 27526-2026
Entity Owned
Absentee Owner
Free & Clear
Property ID
US53-0076499
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
2006
Construction
BRICK
Total area
12,900 SF
Lot
0.41 ac (17,860 SF)
Zoning code
DC-2
APN
0667.17-10-3420 0036245
UPID
US53-0076499
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
-
CVS Photo (Bike/Boat/Book/etc) Store
-
Amanda Gorczynski, RPH Pharmacy
-
CVS Pharmacy
-
CVS Pharmacy Pharmacy
-
Gina Harrell, PharmD Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.52M
Comparable Approach
Comparable
$2.78M
Blend (final)
Blend
$3.12M
Owner & transaction history
ENNIS CROSSING LLC
ENNIS CROSSING LLC
Zoning & alternative use
DC-2 · Fuquay Varina, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The DC-2 zoning district is to accommodate 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 transitional retail district to permit an economic mix of viable retail, commercial, office and residential uses wit…
Zone name
Down Town Center 2
General category
MIXED_USE
Zone area
94.77 ac
Source
Realmo
Top alternative use upside
Auto repair, garage
$4.5M
+23.8%
Commercial (general)
$4.3M
+19.2%
Medical building
$4.2M
+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%
$3,815,000
6.5%
$3,520,000
7%
$3,270,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,600,000
Current use
AUTO REPAIR, GARAGE
$4,455,000
Change: +24% · Conversion: Difficult
COMMERCIAL (GENERAL)
$4,290,000
Change: +19% · Conversion: Easy
MEDICAL BUILDING
$4,190,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$3.12M
Range $2.81M – $3.43M · ±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
$242 / 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
$45,597
Tax year 2023
Assessed value
$4,100,412
Assessed 2023
Previous assessed
$4,100,412
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$255,577
Assessed improvement
$3,844,835
Land market value
$255,577
Improvement market value
$3,844,835
Total market value
$4,100,412
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
Drug stores
Use group
DRUG STORE, PHARMACY
Status
Off-Market
Year built
2006
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
12,900 SF
Lot
0.41 ac (17,860 SF)
Zoning code
DC-2
APN
0667.17-10-3420 0036245
UPID
US53-0076499
Jurisdiction
WAKE
Zoning & alternative use
DC-2 · Fuquay Varina, NCZoning DC-2 · permitted uses
DC-2 · 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-2 zoning district is to accommodate 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 transitional retail district to permit an economic mix of viable retail, commercial, office and residential uses with adequate accommodations for automobile and an equal emphasis for pedestrian needs, access and a safe environment. The district permits infill and new development, redevelopment and residential uses using multi-story and mixed-use development, multi-family uses at a density up to 22 dwelling units per gross acre integrated with retail and office uses. The regulations applied in this district are form-based applications. Public utilities are required.
Zone name
Down Town Center 2
General category
MIXED_USE
Zone area
94.77 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$3.6M
AUTO REPAIR, GARAGE
Est. value
$4.5M
COMMERCIAL (GENERAL)
Est. value
$4.3M
MEDICAL BUILDING
Est. value
$4.2M
RETAIL STORES Current
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
2006
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.41 ac
Current owner
From public records · entity-resolved
ENNIS CROSSING LLC
Entity
Free & Clear · 0 yrs held
Mailing address
4200 NORTHSIDE PKWY NW STE #101, ATLANTA, GA 30327-3007
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
—
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
No recorded transactions
No recorded transactions found for this property.
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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