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Property profile

0 Davis Dr And Mccrimmon Pkwy Cary, NC 27519

OFF-MARKET
Land
7.11 ac lot
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Property summary

AI-generated overview

This exceptional 7.11-acre commercial land parcel is strategically located at the highly visible intersection of Davis Drive and McCrimmon Parkway in Cary, North Carolina (27519). Zoned R-40, this property offers unparalleled access to major transportation arteries including Interstates 440 and 540, NC-54 Highway, and the Research Triangle Park. Its central location within the Cary/Morrisville market, and proximity to the affluent West Cary area, presents a significant investment opportunity. The property benefits from high visibility along Davis Drive and McCrimmon Parkway, sitting directly across from the Harris Teeter-anchored McCrimmon Corners retail center and less than a mile from a new 103,000 sq ft Wegmans supermarket. Further enhancing its appeal is its close proximity (a five-minute drive) to the new Apple campus, a $1 billion investment projected to create over 3,000 high-paying jobs. The land is priced at $4,645,674, with a land value of $15 per square foot. This prime location and surrounding amenities make this property ideal for a variety of commercial developments. The property's size and zoning provide significant flexibility for future development plans.

Property profile

Verified
Property type Land
Lot 7.11 ac (309,712 SF)

Cap rate & NOI

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

Location

Davis Dr And Mccrimmon Pkwy Cary, NC 27519
Cary metro
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Value estimations

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Owner & transaction history

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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