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Property profile & analytics
OFF-MARKET Estimated value $655,000
Retail space

101 Reed St Cary, NC 27511-6927

7,080 SF 0.74 ac lot Built 1978
Entity Owned 7-yr Hold Free & Clear
Property ID
US53-0642067
Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1978
Construction METAL FRAME
Total area 7,080 SF
Lot 0.74 ac (32,234 SF)
Zoning code GC
APN 0774.13-02-3529 0103681
UPID US53-0642067
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Casa Las Americas Grocery & Convenience Store Food Market
  • Wash Tub Laundry (Bike/Boat/Book/etc) Store
  • Vigo Bank Credit Union
  • Tienda El Cerrito Grocery & Convenience Store Specialty Food Shop
  • Lulu’s salón & barbershop Barber Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$635k
CAP Approach CAP
$695k
Comparable Approach Comparable
$634k
Blend (final) Blend
$655k
Owner & transaction history
Dogwood Asset Mgmt Co Reed Str · 7 yrs held
Dogwood Asset Mgmt Co Reed Str
since 2019
3 recorded transactions
2019
Price N/A
2001
Price N/A
2001
Price N/A
Zoning & alternative use
GC · Cary, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

(J) GC: General Commercial District (K) CT: Walnut Street Corridor Transitional District (L) ORD: Office/Research and Development District (M) I: Industrial District (N) TC: Town Center District 4.3 CONDITIONAL USE DISTRICTS 4.3.1 Purpose and Intent 4.3.2 Districts Established (A) Residential Districts (B) Non-Residential Districts (C) Town Center Subdistric…

Zone name General Commercial District
General category COMMERCIAL
Zone area 558.60 ac
Source 4.4.2 Mixed Use Overlay
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