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Property profile & analytics
OFF-MARKET
Estimated value
$3,065,000
Drug stores
816 Main St Fuquay Varina, NC 27526-2067
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-5732541
Property profile
Verified
Property type
Drug stores
Use group
DRUG STORE, PHARMACY
Year built
1996
Construction
BRICK
Total area
11,212 SF
Lot
1.13 ac (49,223 SF)
Zoning code
CC
APN
0667.18-30-1146 0230651
UPID
US53-5732541
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
-
Western Union Bank Credit Union
-
Angela Mumford Pharmacy
-
Myra Greene Pharmacy
-
Amy Honeycutt Pharmacy
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.46M
CAP Approach
CAP
$3.06M
Comparable Approach
Comparable
$2.42M
Blend (final)
Blend
$3.07M
Owner & transaction history
Rajkaran Investments LLC · 3 yrs held
Rajkaran Investments LLC
since 2022
Last sale
$3.0M
6 recorded transactions
Zoning & alternative use
CC · Fuquay Varina, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The CC zoning district is intended to accommodate medium-scale intensity nonresidential development of a mix of convenience services, retail, office and limited institutional uses. This district is generally located at intersections designated as an urban center with arterial roads (parkways, boulevards and major thoroughfares), and generally intended to be…
Zone name
Corridor Commercial
General category
CIVIC_INSTITUTIONAL
Zone area
496.13 ac
Source
Realmo
Top alternative use upside
Auto repair, garage
$3.9M
+23.8%
Commercial (general)
$3.7M
+19.2%
Medical building
$3.6M
+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
$3,475,000
ML approach
$3,455,000
CAP Approach
CAP Return
Estimation
6%
$3,315,000
6.5%
$3,060,000
7%
$2,840,000
Alternative Use
Use
Estimation
RETAIL STORES
$3,130,000
Current use
AUTO REPAIR, GARAGE
$3,870,000
Change: +24% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,730,000
Change: +19% · Conversion: Easy
MEDICAL BUILDING
$3,645,000
Change: +16% · Conversion: Difficult
Blend value · Realmo final
$3.07M
Range $2.76M – $3.37M · ±10% · vs last sale $3.00M (Aug 18 2022)
Last sale anchor
$3.00M
Aug 18 2022
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
$273 / 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
$39,642
Tax year 2023
Assessed value
$3,564,902
Assessed 2023
Previous assessed
$3,564,902
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$615,288
Assessed improvement
$2,949,614
Land market value
$615,288
Improvement market value
$2,949,614
Total market value
$3,564,902
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
1996
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
11,212 SF
Lot
1.13 ac (49,223 SF)
Zoning code
CC
APN
0667.18-30-1146 0230651
UPID
US53-5732541
Jurisdiction
WAKE
Zoning & alternative use
CC · Fuquay Varina, NCZoning CC · permitted uses
CC · Fuquay Varina, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The CC zoning district is intended to accommodate medium-scale intensity nonresidential development of a mix of convenience services, retail, office and limited institutional uses. This district is generally located at intersections designated as an urban center with arterial roads (parkways, boulevards and major thoroughfares), and generally intended to be located within 1 to one and one-half (1-1/2) miles from neighborhoods in the vicinity of this district. Public utilities are required.
Zone name
Corridor Commercial
General category
CIVIC_INSTITUTIONAL
Zone area
496.13 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$3.1M
AUTO REPAIR, GARAGE
Est. value
$3.9M
COMMERCIAL (GENERAL)
Est. value
$3.7M
MEDICAL BUILDING
Est. value
$3.6M
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
1996
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.13 ac
Current owner
From public records · entity-resolved
Rajkaran Investments LLC
Entity
Mailing address
218 OSWEGO CT, MORRISVILLE, NC 27560-8662
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 1, 2024
—
Rajkaran Investments LLC
—
Deed
related
$400,000 · North State Bank
Aug 18, 2022
$2,995,000
Rajkaran Investments LLC
Dhl Fuquay LLC
Warranty Deed
$400,000 · Dhl Fuquay Varina LLC
May 28, 2014
$2,875,000
Dhl Fuquay LLC
El Vuelo LP
Grant Deed
—
Apr 27, 2006
$3,150,000
El Vuelo
For 1031 North Main LLC
Grant Deed
—
Nov 2, 2005
$2,750,000
For 1031 North Main LLC
Glenkaren Associates INC
Grant Deed
—
—
—
Dhl Fuquay LLC
—
Deed Of Trust
related
$2,012,500 · M&t Bk
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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