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Property profile & analytics
OFF-MARKET
Estimated value
$2,405,000
Office buildings
7621 Purfoy Rd Fuquay Varina, NC 27526-6985
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US53-0148982
Property summary
AI-generated overview
This exceptional 2,062 square foot executive office suite is located in the Myrtle Grove Building at 7621 Purfoy Rd, Fuquay-Varina, NC 27526, just off Highway 401. Built in 2005, this two-story building offers a desirable location in Wake County. The suite itself boasts seven individual offices, a flexible conference room, a private restroom, and a kitchenette. A convenient back exit provides access to stairs. The building features a welcoming main lobby with public restrooms on each floor, key fob access for enhanced security, and ample parking. Elevator access is available to the second floor. The suite is currently vacant and ready for immediate occupancy. The total building size is 18,452 square feet, with one building on the property. Utilities (electric, water, phone, and internet) are the responsibility of the tenant. This is a per-square-foot lease
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2005
Construction
BRICK
Total area
18,452 SF
Lot
1.05 ac (45,738 SF)
Zoning code
CC-CZD
APN
0666.02-79-5648 0093522
UPID
US53-0148982
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
-
Mott MacDonald General Contractor
-
Mercogliano & Associates, PA Law Firm
-
Kathy Mercogliano Law Firm
-
Ms. Alicia Peton Counselor
-
Saber Investment Fund, LP Financial Advisor
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$2.97M
Blend (final)
Blend
$2.41M
Owner & transaction history
Best Buddies LLC · 17 yrs held
Best Buddies LLC
since 2009
7 recorded transactions
Zoning & alternative use
CC-CZD · Fuquay Varina, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,705,000
Current use
Blend value · Realmo final
$2.41M
Range $2.16M – $2.65M · ±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
$130 / 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
$24,755
Tax year 2023
Assessed value
$2,226,130
Assessed 2023
Previous assessed
$2,226,130
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$457,380
Assessed improvement
$1,768,750
Land market value
$457,380
Improvement market value
$1,768,750
Total market value
$2,226,130
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2005
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Rooms
5
Bathrooms
2
Total area
18,452 SF
Lot
1.05 ac (45,738 SF)
Zoning code
CC-CZD
APN
0666.02-79-5648 0093522
UPID
US53-0148982
Jurisdiction
WAKE
Zoning & alternative use
CC-CZD · Fuquay Varina, NC
Zoning CC-CZD · permitted uses
CC-CZD · Fuquay Varina, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Fuquay Varina. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING Current
Est. value
$3.7M
OFFICE BUILDING Current
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
2005
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
2
Rooms
5
Bathrooms
2
Lot
1.05 ac
Current owner
From public records · entity-resolved
Best Buddies LLC
Entity
Mailing address
7621 PURFOY RD STE #101, FUQUAY VARINA, NC 27526-6985
Ownership since
2009
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 16, 2025
—
Best Buddies LLC
—
Deed
related
$729,875 · United Community Bank
Jun 29, 2009
$2,450,000
Best Buddies LLC
Fuquay Partners INC
Grant Deed
$1,960,000 · Four Oaks Bk&tr
Jan 30, 2008
—
Fuquay Partners LLC
—
Trustees Deed
related
$135,000 · Floyd L JR Taylor
Sep 19, 2007
—
Fuquay Partner LLC
—
Trustees Deed
related
$135,000 · Floyd L JR Taylor
Dec 16, 2003
$236,000
Fuquay Partners LLC
Wall,linda R
Grant Deed
—
—
—
Fuquay Partners LLC
—
Deed Of Trust
related
$500,000 · Four Oaks Bank & Trust Co
—
—
Continental Sales & Svc INC
—
Deed Of Trust
related
$750,000 · Paragon Commercial Bank
—
—
Fuquay Partners LLC
—
Deed Of Trust
related
$1,800,000 · Suntrust Bank NA
—
—
Fuquay Partners LLC
—
Deed Of Trust
related
$800,000 · Four Oaks Bank & Trust Co
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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