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    Property profile & analytics

    1221 Walnut St Cary, NC 27511-4730

    • Investment properties
    • 1,721 SF
    • 0.31 lot acres
    OFF-MARKET
    Value Estimation
    $330,000
    Location Intelligence
    Property ID
    US53-1109439
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Blue Orchid Realty / Real Estate Agency

    Property Details for 1221 Walnut St

    Year built
    1969
    Construction
    FRAME
    Lot size
    0.31 lot acres
    Property size
    1,721 SF
    Zone code
    OIP
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    0773.13-14-8463 0053653
    APU
    773131484630053653

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $340,000

    • CAP approach

      CAP return
      Estimation
      6%
      $330,000
      6.5%
      $340,000
      7%
      $320,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $315,000
      Geo Method
      $280,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $360,000
      Retail
      $350,000
      Mixed-Use
      $305,000
      Hospitality
      $355,000
      Educational
      $345,000
      Residential Income
      $345,000
      Energy
      $265,000
      Income-Based Land
      $365,000
      Food Service
      $265,000

    Location Insight

    • Map
    • Local Demand
    City
    Cary
    County
    Wake
    State
    North Carolina
    Longitude
    -78.7577
    Latitude
    35.7677
    CBSA code
    39580
    CBSA name
    RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $3,495
    $131,799
    $216,955
    $348,754
    -
    $131,799
    $216,955
    $348,754

    Comparable in this City

    • Value Estimation
      $450,000
      4,196 SF

      119 Park St

      OFFICE/RESIDENTIAL (MIXED USE) • 4,196 SF
      119 Park St, Cary, NC 27511-3315
      View Details
    • Value Estimation
      $355,000
      2,715 SF

      217 Un St

      OFFICE/RESIDENTIAL (MIXED USE) • 2,715 SF
      217 Un St, Cary, NC 27511-3763
      View Details
    • Value Estimation
      $440,000
      1,344 SF

      406 Faculty Ave

      OFFICE/RESIDENTIAL (MIXED USE) • 1,344 SF
      406 Faculty Ave, Cary, NC 27511-3314
      View Details
    • Value Estimation
      $930,000
      1,716 SF

      903 Kildaire Farm Rd

      OFFICE/RESIDENTIAL (MIXED USE) • 1,716 SF
      903 Kildaire Farm Rd, Cary, NC 27511-3942
      View Details
    • Value Estimation
      $1,565,000
      2,924 SF

      307 Academy St, Unit B

      OFFICE/RESIDENTIAL (MIXED USE) • 2,924 SF
      307 Academy St, Cary, NC 27511-3304
      View Details
    • Value Estimation
      $340,000
      735 SF

      247 Chatham St

      OFFICE/RESIDENTIAL (MIXED USE) • 735 SF
      247 Chatham St, Cary, NC 27511-3243
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      27.25 Acres

      Downtown Cary Redevelopment Opportunity

      27-acre mixed-use land, prime location.
      607 Cedar St, Cary, NC 27511
      View Details
    • $2,950,000
      7,328 SF

      Cary Retail Building - Investment Opportunity

      Prime Cary location, 7,328 sq ft, two-story retail building.
      105 Baines Ct, Cary, NC 27511
      View Details
    • $2,400,000
      1.91 Acres

      Searstone Commercial Land - Cary, NC

      1.91 acre pad-ready site, ideal for medical/office.
      0 Winston Hill Dr, Cary, NC 27511
      View Details
    • Contact for pricing
      80 SF

      New Office and Retail Development

      New 80,548 SF office and retail development available for pre-leasing.
      155 W Chatham St | Cary, Cary, NC 27511
      View Details
    • $1,125,000
      0.76 Acres

      Cary Land: New Build Opportunity

      Homesite in coveted golf course community, convenient to amenities.
      403 Rutherglen Dr, Cary, NC 27511
      View Details
    • New
      $539,999
      0.52 Acres

      Prime Lot Near Downtown Cary

      Half-acre lot near downtown Cary to build your dream home.
      111 E Cornwall Rd, Cary, NC 27511
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Fenton Mixed-Use Destination Pad

      Pad ready for sublease in Cary's Fenton Gateway.
      1085 Fenton Gtwy Dr, Cary, NC 27511
      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
      15,000 SF

      Retail Space with Patio

      Endcap retail space with patio, near major retailers and apartments.
      1005 Portrait Dr | Cary, Cary, NC 27511
      View Details
    • $21 SF/Yr
      15,512 SF

      Cary Medical Office Space Available

      Modern medical office suites in prime Cary location.
      105 Cary Pkwy, Cary, NC 27511
      View Details
    • Contact for pricing
      1 SF

      Two-Story Office Space Available

      1,015 SF office space for lease in Cary, NC.
      111 Adams St, Cary, NC 27511
      View Details
    • $23 SF/Yr
      25,012 SF

      Class A Office Space Available

      Class A office space for lease near MacGregor Village.
      114 Edinburgh South Dr, Cary, NC 27511
      View Details
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    1221 Walnut St
    Cary, NC 27511-4730
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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
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