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Property profile & analytics
OFF-MARKET
Estimated value
$3,680,000
Office buildings
916 Main St Fuquay Varina, NC 27526-2420
Entity Owned
9-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-1943350
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2000
Construction
BRICK
Total area
19,561 SF
Lot
1.13 ac (49,223 SF)
Zoning code
O&I
APN
0656.04-92-1653 0113970
UPID
US53-1943350
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
-
Fresenius Kidney Care Fuquay-Varina Medical Clinic
-
Dr. Kevin M. Lee, MD Physician
-
Dr. James E. Godwin Jr, MD Physician
-
Dr. Robert S. Schmidt, MD Physician
-
ALEXIS BAILEY Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.93M
Comparable Approach
Comparable
$3.91M
Blend (final)
Blend
$3.68M
Owner & transaction history
Colonial Associates Of Nc LLC · 9 yrs held
Colonial Associates Of Nc LLC
since 2016
3 recorded transactions
Zoning & alternative use
O&I · Fuquay Varina, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$5.5M
+38.9%
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%
$5,340,000
6.5%
$4,925,000
7%
$4,575,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$3,925,000
Current use
RETAIL STORES
$5,455,000
Change: +39% · Conversion: Moderate
Blend value · Realmo final
$3.68M
Range $3.31M – $4.05M · ±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
$188 / 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
$32,663
Tax year 2023
Assessed value
$2,937,286
Assessed 2023
Previous assessed
$2,937,286
+0.0% YoY
Effective rate
1.11%
On assessed value
Assessed land
$196,892
Assessed improvement
$2,740,394
Land market value
$196,892
Improvement market value
$2,740,394
Total market value
$2,937,286
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
2000
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
19,561 SF
Lot
1.13 ac (49,223 SF)
Zoning code
O&I
APN
0656.04-92-1653 0113970
UPID
US53-1943350
Jurisdiction
WAKE
Zoning & alternative use
O&I · Fuquay Varina, NC
Zoning O&I · permitted uses
O&I · 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
$3.9M
RETAIL STORES
Est. value
$5.5M
OFFICE BUILDING Current
RETAIL STORES
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
2000
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
1.13 ac
Current owner
From public records · entity-resolved
Colonial Associates Of Nc LLC
Entity
Mailing address
300 VERSAILLES DR, CARY, NC 27511-6011
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 3, 2016
—
Colonial Associates Of Nc LLC
—
Deed
related
$750,000 · First Fed'l Svgs Bk
Oct 29, 2009
—
Colonial Associates Of Nc LLC
—
Trustees Deed
related
$1,240,000 · Crescent State Bank
—
—
Colonial Associates Of Nc LLC
—
Deed Of Trust
related
$750,000 · First Fed'l Svgs 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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