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    1216 Walnut St Cary, NC 27511

    Pending
    For Sale
    $599,900

    LAND - Cary, NC

    Lot size:
    2.10 Acres
    Days on Market:
    89
    Last Refresh:
    Dec 14 at 12:06 am

    Property Features for 1216 Walnut St

    General Information

    Special listing conditions
    Standard
    Property type
    Land
    Property subtype
    Other
    TransactionType
    Standard
    Standard status
    Pending
    Vegetation
    Natural State
    Zoning
    CU
    APN
    0773144415
    Lot size
    2.10 Acres

    Utilities

    Water source
    Public

    Coldwell Banker Advantage [email protected]

    Listing agent Gaye Orr (919) 460-6880

    Listing date Sep 17, 2025

    Copyright © 2025 Doorify MLS of North Carolina. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Land in Growing Cary Area

    This property features 2.1 +/- acres of land situated on Walnut Street in a growing area of Cary, North Carolina. The site is located within the Walnut Street Corridor and is zoned CT, which allows for a variety of uses, including residential. Permitted uses within the CT District of the Walnut Street Corridor include single-family detached homes, office spaces, and personal service businesses. The property is located just outside the Eastern Cary Gateway Special Planning Area.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cary
    County
    Wake
    State
    North Carolina
    Longitude
    -78.759305
    Latitude
    35.767595

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    FAQs

    What type of property is this?
    Commercial land - 2.1 +/- acres on Walnut St in growing Cary.
    Where is this commercial land located?
    The property is located at 1216 Walnut St Cary, NC.
    What is the asking price?
    The asking price for this property is $599,900.
    What are key features of this property?
    This property features: - 2.1 +/- acres in a growing area of Cary.; - Located in the Walnut Street Corridor with many potential uses.; - CT zoning allows for single family detached homes, office space, and personal service businesses.
    (919) 460-6880
    Request Owner's contact information
    1216 Walnut St Cary, NC 27511
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    Cary, NC 27511
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    Realmo Value Estimation

    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.

    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.

    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
    1216 Walnut St Cary, NC 27511
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