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Property profile & analytics

1805 Walnut St Cary, NC 27518-9201

  • Turn key restaurants
  • 9,195 SF
  • 2.36 lot acres
OFF-MARKET
Value Estimations
$515,000
Show details
Cap Rate Potential
Location Intelligence
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.

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 valuation — 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
More about this property
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