Property profile

2205 Evans Rd Cary, NC 27513

OFF-MARKET
Banks
Property ID
US53-1917563
3,254 SF 1.38 ac lot Built 1999
Entity Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

The property comprises approximately 3.39 acres to the north and 5.31 acres to the west, located at the intersection of Evans Road and Weston Parkway in North Cary. It includes rough-graded site pads and access to existing municipal water, sewer, and stormwater infrastructure. The parcel sits within the Weston Major Planned Development District (PDD) and is zoned Office and Institutional (O&I) with a Commercial District Overlay (CDO), which provides for a broad range of commercial uses, including retail, restaurants, and offices, subject to overlay requirements. The surrounding area includes a strong residential presence and employment centers associated with nearby business parks, and the site is positioned in proximity to major transportation routes, including Highway 54, I-40, and I-540. Additional nearby development includes Spark LS approximately 2 miles north, consisting of large-scale lab and bio-manufacturing space under construction, with work progressing through planned phases.

Property profile

Verified
Property type Banks
Use group FINANCIAL BUILDING
Year built 1999
Construction CONCRETE BLOCKS
Total area 3,254 SF
Lot 1.38 ac (60,113 SF)
Zoning code GCP
APN 0755.02-75-2748 0255776
UPID US53-1917563

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Atm

Location

2205 Evans Rd Cary, NC 27513-7405
Cary metro Census 53522 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$2.66M
CAP Approach CAP
by Request
Comparable Approach Comparable
$3.51M
Blend (final) Blend
$2.51M

Owner & transaction history

since 2023
Last sale
$2.6M
2 recorded transactions
2023
Price N/A
2023
$2.6M

Zoning & alternative use

GCP · Cary, NC

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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