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Property profile & analytics
OFF-MARKET Estimated value $705,000
Retail space

1400 Gathering Park Cir Cary, NC 27519

8,040 SF 0.54 ac lot Built 2024
Individually Owned Absentee Owner Free & Clear
Property ID
US53-4719340
Property summary
AI-generated overview

This exceptional 6,644 square foot Class A commercial property, located at 1400 Gathering Park Circle in the Carpenter Village submarket of Cary, NC, offers a unique opportunity for businesses seeking modern, versatile space. Built in 2024, this single-story building features three separate suites ranging from 724 to 2,904 contiguous square feet, allowing for flexibility to accommodate various needs. Currently, 2,904 square feet are vacant and ready for immediate occupancy. The property boasts a 12-foot ceiling height, ample parking with 19 spaces, and convenient access via Village View Ln. Zoned GC-Retail and Office, this location is ideal for retail, restaurant, or medical office uses. Cold shell delivery is expected by December 2024, allowing for customized build-outs. Interior build-out plans and permitting can commence concurrently with the construction timeline. Base rent and tenant improvement allowances are negotiable, depending on build-out requirements. The 0.54-acre lot is part of a new mixed-use development, offering excellent demographics within a rapidly growing Cary market in Wake County. The APN is 0745243130. Electric power is available.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 2024
Construction BRICK
Total area 8,040 SF
Lot 0.54 ac (23,522 SF)
Zoning code GCP
APN 0745.03-24-3130 0449368
UPID US53-4719340
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
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$745k
CAP Approach CAP
$790k
Comparable Approach Comparable
by Request
Blend (final) Blend
$705k
Owner & transaction history
James A Brooks
James A Brooks
since 2025
Last sale
$675,000
7 recorded transactions
2025
$15,000
2025
$675,000
2025
Price N/A
2025
$750,000
2025
$750,000
2025
$670,000
2025
$775,000
Zoning & alternative use
GCP · Cary, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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