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    1377 Maynard Rd Cary, NC 27513-8722

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    Property profile & analytics

    1377 Maynard Rd Cary, NC 27513-8722

    View on Map
    • Retail space
    • 7,168 SF
    • 1.36 lot acres
    Off-Market
    Property ID
    US53-2004332
    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.
    Value Estimations
    $835,000
    Show details
    Cap Rate Potential
    6.4%
    Retail space
    Location Intelligence

    Current Use by Public Records

    • Skin by Doaa / Hair Salon / Nail Salon
    • Samantha The Esthetician / Spa & Massage Center / Skin Care Clinic
    • Trek Bicycle Cary / (Bike/Boat/Book/etc) Store
    • Celebri’Tee Nails / Nail Salon
    • Glow Suites NC / Hair Salon / Nail Salon

    Property Details for 1377 Maynard Rd

    Year built
    2006
    Construction
    BRICK
    Lot size
    1.36 lot acres
    Property size
    7,168 SF
    Zone code
    GCCU
    Property type
    Retail space
    APN
    0754.19-61-2835 0330891
    APU
    754196128350330891

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $715,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $765,000
      6.5%
      $705,000
      7%
      $655,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $1,080,000
      Market price range: $501k - $1.85M

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Cary
    County
    Wake
    State
    North Carolina
    Longitude
    -78.8104
    Latitude
    35.7882
    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
    $17,360
    $847,160
    $885,335
    $1,732,495
    -
    $847,160
    $885,335
    $1,732,495

    Comparable in this City

    • Value Estimation
      $2,965,000
      10,754 SF

      1040 Darrington Dr

      RETAIL STORES (PERSONAL SERVICES) • 10,754 SF
      1040 Darrington Dr, Cary, NC 27513-8135
      View Details
    • Value Estimation
      $4,750,000
      13,096 SF

      301 Harrison Ave

      RETAIL STORES (PERSONAL SERVICES) • 13,096 SF
      301 Harrison Ave, Cary, NC 27513-4557
      View Details
    • Value Estimation by Request
      800 SF

      801 High House Rd

      RETAIL STORES (PERSONAL SERVICES) • 800 SF
      801 High House Rd, Cary, NC 27513
      View Details
    • Value Estimation
      $535,000
      3,720 SF

      2002 Grisdale Ln

      RETAIL STORES (PERSONAL SERVICES) • 3,720 SF
      2002 Grisdale Ln, Cary, NC 27513-8112
      View Details
    • Value Estimation by Request
      2,000 SF

      4244 Cary Pkwyw

      RETAIL STORES (PERSONAL SERVICES) • 2,000 SF
      4244 Cary Pkwyw, Cary, NC 27513-8477
      View Details
    • Value Estimation
      $920,000
      9,590 SF

      1231 Maynard Rd

      RETAIL STORES (PERSONAL SERVICES) • 9,590 SF
      1231 Maynard Rd, Cary, NC 27513-4175
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      264,320 SF

      Retail Space on Chatham Street

      1,711 SF retail space for lease on Chatham Street.
      1000 Ballena Cir, Cary, NC 27513
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      Cary Flex Space Opportunity

      Flex space opportunity in downtown Cary's hottest area.
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      Retail Pad Sites For Sale

      Retail pad sites available within a planned development.
      Winston Hill Dr, Cary, NC 27513
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    • $2,863,500
      2,500 SF

      New Starbucks with Drive-Thru

      New 2,500 SF Starbucks in Cary, NC with drive-thru.
      1070 Darrington Dr, Cary, NC 27513
      View Details
    • $455,000
      Pending

      Cary Commercial Property Opportunity

      Remodeled commercial property near downtown Cary Park.
      8704 Chapel Hill Rd, Cary, NC 27513
      View Details
    • $320,000
      Pending

      Vacant Lot in Downtown Cary

      Vacant land in downtown Cary, a builder/investor opportunity.
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    Similar Nearby for Lease

    • Contact for pricing
      794 SF

      Restaurant Spaces For Lease

      Second generation restaurant spaces available in Cary, North Carolina.
      2051 Renaissance Park Pl, Cary, NC 27513
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    • Contact for pricing
      4,736 SF

      Restaurant Spaces in Cary, NC

      Second generation restaurant spaces available in Cary, North Carolina.
      2010-2060 Renaissance Park Pl, Cary, NC 27513
      View Details
    • Contact for pricing
      4,333 SF

      Restaurant Spaces Available For Lease

      Second generation restaurant spaces available in Cary, North Carolina.
      111-133 Weston Pkwy, Cary, NC 27513
      View Details
    • Contact for pricing

      Retail Space with Patio

      Endcap retail space with a 500 SF patio.
      1005 Portrait Dr, Cary, NC 27513
      View Details
    • Contact for pricing

      Retail Space with Drive-Thru Lanes

      Retail space featuring drive-thru lanes and ample parking.
      950 North Harrison Ave, Cary, NC 27513
      View Details
    • Contact for pricing
      6,718 SF

      Harris Teeter Anchored Shopping Center

      Newly renovated shopping center at a heavily traveled intersection.
      1203 Northwest Maynard Rd, Cary, NC 27513
      View Details

    Property Visit Statistics

    • Visits by month
      990
    • Visitors by month
      638
    • Avg Time on site
      31 min
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    1377 Maynard Rd
    Cary, NC 27513-8722
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    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
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