Technical
Financial
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Property profile

0 Winston Hill Dr Cary, NC 27511

OFF-MARKET
Land
1.76 ac lot
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Property summary

AI-generated overview

This exceptional 1.76-acre commercial lot (Lot 6) in Cary, North Carolina's Searstone planned use development presents a unique investment opportunity. Located near the intersection of High House Road and Davis Drive, this property boasts a prime location with convenient access to major thoroughfares. The parcel is zoned to accommodate a variety of commercial uses, including a hotel or retail development. Specifically, plans allow for a four-story hotel with up to 100 rooms and a basement level of parking, or a 20,000 square foot single-story retail building. The site already includes 88 surface parking spaces, and is partially prepared for construction, eliminating the need for setbacks or buffers. All utilities are readily available at the site. This property offers significant potential for developers seeking a well-located, ready-to-build commercial site in a thriving area. The asking price is $2,350,000, and the property's APN is 0744528762. Nearby amenities further enhance the desirability of this exceptional location.

Property profile

Verified
Property type Land
Lot 1.76 ac (76,666 SF)

Cap rate & NOI

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

Location

Winston Hill Dr Cary, NC 27511
Cary metro
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Value estimations

Realmo proprietary · 4 methods
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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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