1805 Walnut St Cary, NC 27518
Property profile & analytics
1805 Walnut St Cary, NC 27518
- Turn key restaurants
- 9,195 SF
- 2.36 lot acres
Property ID
US53-3864779
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.
Location Intelligence
Current Use by Public Records
- Turn key restaurants
Property Details for 1805 Walnut St
- Year built
- 1992
- Construction
- CONCRETE BLOCKS
- Lot size
- 2.36 lot acres
- Property size
- 9,195 SF
- Zone code
- GC
- Property type
- Turn key restaurants
- APN
- 0773.19-62-1083 0187364
- APU
- 773196210830187364
Description
This exceptional 9,195 square foot free-standing retail building is ideally situated in Cary, North Carolina, at 1805 Walnut Street, zip code 27518. The property boasts a highly visible corner location at the intersection of Walnut Street and the US 1/Highway 64 exit/on-ramp, ensuring significant traffic exposure and easy accessibility for customers. Previously occupied by a Red Lobster restaurant, this single-tenant building presents a unique opportunity for a variety of retail businesses seeking a prominent location in a thriving area. The building's substantial size offers ample space for a wide range of retail concepts, providing flexibility for potential tenants. Its strategic location just outside of Raleigh provides access to a large and diverse customer base. The property's prominent corner location and convenient access from a major highway make it an attractive option for businesses seeking high visibility and easy accessibility. This is a rare opportunity to acquire a well-positioned retail property in a high-demand market. The building's previous use as a restaurant suggests potential for a similar concept or a business requiring significant space and high visibility. Detailed site plans and building specifications are available upon request. This property is ready for immediate occupancy and presents a compelling investment opportunity.
Value Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- ML approach
- $495,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $808,000
Market price range: $600k - $1.47M
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Cary
- County
- Wake
- State
- North Carolina
- Longitude
- -78.7432
- Latitude
- 35.7611
- 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
$34,544
$2,236,322
$1,211,226
$3,447,548
-
$2,236,322
$1,211,226
$3,447,548
