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    8360 Chapel Hill Rd Cary, NC 27513

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    2.57 Acres, Two Parcels, High ROI Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional investment opportunity encompasses two parcels totaling 2.57 acres of prime commercial and industrial land in the heart of Cary, North Carolina. Parcel 1, located at 8360 Chapel Hill Rd, comprises 1.74 acres and features an existing 8,773 square foot auto repair shop currently in operation, zoned GCP. This presents immediate rental income potential or the possibility of repurposing the building. Parcel 2, situated at 8390 Chapel Hill Rd, offers 0.83 acres of vacant land zoned OIP, providing significant development flexibility. Both parcels are located in Wake County, zip code 27513, and share the APNs 0764539267 and 0764537146 respectively. Cary's rapid growth and high demand for commercial and residential space create a compelling investment scenario with substantial potential for return. The strategic location within Downtown Cary ensures strong future appreciation. Parcel 1 is listed at $2,600,000 and Parcel 2 at $750,000. This presents a unique chance to capitalize on Cary's thriving economy and robust real estate market. The combined parcels offer a diverse range of development and income possibilities, making this an attractive proposition for discerning investors seeking significant returns.

    Property Features for 8360 Chapel Hill Rd

    General Information

    Property type
    Land
    Lot Size
    111,949 SF

    HighLights

    • 2.57 acres of prime commercial/industrial land in Downtown Cary, NC.
    • Parcel 1 (1.74 acres, 8,773 SF auto repair shop, GCP zoning): $2,600,000. Potential rental income or repurposing.
    • Parcel 2 (0.83 acres, vacant, OIP zoning): $750,000. Significant development flexibility.
    • High ROI potential due to Cary's rapid growth, high demand for commercial/residential space, and strategic location.
    • Existing tenant provides immediate income potential on Parcel 1.
    Property Profile Location Intelligence

    Current Use by Public Records

    Green Heron Landscaping ... Landscape Designer Savage Towing Inc Towing Service

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Cary
    County
    Wake
    State
    North Carolina
    Longitude
    -78.77740148
    Latitude
    35.79155641

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    FAQs

    What type of property is this?
    Land - 2.57 Acres, Two Parcels, High ROI Potential
    Where is this land located?
    The property is located at 8360 Chapel Hill Rd Cary, NC.
    What are key features of this property?
    This property features: 2.57 acres of prime commercial/industrial land in Downtown Cary, NC.; Parcel 1 (1.74 acres, 8,773 SF auto repair shop, GCP zoning): $2,600,000. Potential rental income or repurposing.; Parcel 2 (0.83 acres, vacant, OIP zoning): $750,000. Significant development flexibility.
    Request Owner's contact information
    8360 Chapel Hill Rd Cary, NC 27513
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    Cary, NC 27513
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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
    8360 Chapel Hill Rd Cary, NC 27513
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