Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    352 Walker St Cary, NC 27511

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    High-traffic Cary retail, 5,908 SF available

    Lot size:
    102,000 SF

    Property Features for 352 Walker St

    General Information

    Property type
    Retail properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    102,000 SF
    Total Rate
    272000

    Spaces For Lease

    at 352 Walker St, Cary, NC 27511 Contact us
    Unit Suite 123

    $32 /Mo

    Size
    5,908 SF
    Contact us

    We can help!

    Listing Contact
    Jenn Olevitch-Roberson
    Jenn Olevitch-Roberson

    Listing Agency: Lee & Associates Listing Agent: Jenn Olevitch-Roberson

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    The Walker, located at 352 S Walker St in Cary, NC 27511, offers a prime retail opportunity in the heart of historic downtown. This multi-tenant property boasts a total of 102,000 square feet, with 5,908 square feet currently available for lease. Situated in Wake County, the property enjoys exceptional visibility and accessibility, being adjacent to Cary's seven-acre park and library, and within the town's new social district. This vibrant location offers immediate proximity to a variety of local amenities, including restaurants, bakeries, parks, and art venues, ensuring high foot traffic and strong potential for business success. The Walker is part of a larger development that includes 158 luxury residential units, further enhancing the area's appeal and providing a built-in customer base. Its strategic location offers easy access to both Raleigh and Durham, placing it within a short commute of a significant population base. Furthermore, the property's proximity to Research Triangle Park and Raleigh-Durham International Airport provides convenient access for both local and regional clientele. This exceptional retail space presents a unique opportunity to establish a thriving business in a thriving community. The available space is 5,908 square feet, offering ample room for a variety of retail concepts.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Real Estate Agency Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Location Insight

    • Map
    • Local Demand
    City
    Cary
    County
    Wake
    State
    North Carolina
    Longitude
    -78.7792147
    Latitude
    35.7834181

    Nearby Similar for Lease

    • $1,300 /Mo
      34,427 SF

      Furnished Office in Cary Medical Corridor

      Furnished office space available for sublease in Cary, NC.
      3701 NW Cary Pkwy, Cary, NC 27513
      View Details
    • $4,090 /Mo
      2,045 SF

      Move-in Ready Medical Suite

      Turnkey medical suite in Cary's Preston medical corridor.
      3731 NW Cary Pkwy, Cary, NC 27513
      View Details
    • $425 /Mo
      400 SF

      Olde Cary Executive Office Suites

      Prime office spaces in a convenient, central Cary location.
      201 W Chatham St, Cary, NC 27511
      View Details
    • Contact for pricing

      Regency Parkway

      Flexible workspace in Minnesota Center
      2500 Regency Pkwy Cary, Cary, NC 27518
      View Details
    • Sponsored
      Contact for pricing

      Spaces center Green

      Discover many ways to work your way in AZ, Tempe - Hayden Ferry Lake
      5000 Centre Green Way, Cary, NC 27513
      View Details
    • Contact for pricing

      NC, Cary - 15000 Weston Parkway

      Workspaces, services and support to help you work better in Shelton
      15000 Weston Pkwy, Cary, NC 27513
      View Details
    • Contact for pricing

      NC, Cary - Towerview Ct

      Find fully flexible work and meeting space in NC, Cary - Towerview Ct
      280 Towerview Ct, Cary, NC 27513
      View Details
    • $31 SF/Yr
      19,768 SF

      Class A Office Building in Cary

      Modern, furnished office building with easy highway access and high-end finishes.
      106 Pinedale Springs Way, Cary, NC 27511
      View Details
    • Contact for pricing
      14,646 SF

      Two-Story Office Building in Cary

      Multi-tenant office building with convenient access to major roads.
      201 Commonwealth Ct, Cary, NC 27511
      View Details
    • $15 SF/Yr
      10,627 SF

      Regency Office Park Sublease Opportunity

      Sublease in Regency Office Park with amenities and prime location.
      8000 Regency Pkwy, Cary, NC 27518
      View Details
    • $27 SF/Yr
      45,834 SF

      Cary Office Building For Lease

      Two-story, 94,304 SF building with convenient access and amenities.
      1100 Crescent Grn, Cary, NC 27518
      View Details
    • $22 SF/Yr
      12,000 SF

      Medical Office Condo Near Hospital

      Medical office condo near WakeMed Hospital and Waverly Place in Cary.
      301 Keisler Dr, Cary, NC 27518
      View Details

    FAQs

    What type of property is this?
    Retail property - High-traffic Cary retail, 5,908 SF available
    Where is this retail property located?
    The property is located at 352 Walker St Cary, NC.
    What is the lease rate?
    The lease rate is $32 SF/Yr.
    What are key features of this property?
    This property features: 5,908 SF of retail space available for lease at a prime corner location in downtown Cary, NC.; Building signage opportunities available.; Direct access to ample parking in an adjacent deck.
    (919) 345-1752 Call to check price and availability
    Request Owner's contact information
    352 Walker St Cary, NC 27511
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    352 Walker St
    Cary, NC 27511
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    352 Walker St Cary, NC 27511
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing Jenn Olevitch-Roberson
    Jenn Olevitch-Roberson
    (919) 345-1752 (919) 576-2517 (919) 576-2500
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!