Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1807 Harrison Ave Cary, NC 27513-2408

    • Grocery and convenience stores
    • 2,478 SF
    • 1.00 lot acres
    OFF-MARKET
    Last Sale
    Nov 14, 2022
    $2,417,000
    Value Estimations
    $2,505,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-0094693
    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

    • ATM Kangaroo Express 816 / Atm / Bank
    • Circle K / Grocery & Convenience Store
    • BP / Gas Station
    • FedEx Drop Box / Postal Service / Courier Service

    Property Details for 1807 Harrison Ave

    Year built
    1989
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    1.00 lot acres
    Property size
    2,478 SF
    Zone code
    GC
    Property type
    Grocery and convenience stores
    APN
    0765.02-87-6129 0173678
    APU
    765028761290173678

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,605,000
      ML approach
      $2,575,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,507,000
      Market price range: $683k - $1.51M

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

    Location Insight

    • Map
    • Local Demand
    City
    Cary
    County
    Wake
    State
    North Carolina
    Longitude
    -78.7685
    Latitude
    35.8303
    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
    $15,688
    $827,640
    $738,037
    $1,565,677
    -
    $827,640
    $738,037
    $1,565,677

    Comparable in this City

    • Value Estimation
      $1,370,000
      2,868 SF

      1390 Maynard Rd

      GROCERY, SUPERMARKET • 2,868 SF
      1390 Maynard Rd, Cary, NC 27513-8721
      View Details
    • Value Estimation by Request
      2,468 SF

      832 Old Apex Rd

      GROCERY, SUPERMARKET • 2,468 SF
      832 Old Apex Rd, Cary, NC 27513-4235
      View Details
    • Value Estimation by Request
      1,984 SF

      8015 Chapel Hl Rd

      GROCERY, SUPERMARKET • 1,984 SF
      8015 Chapel Hl Rd, Cary, NC 27513-4168
      View Details
    • Value Estimation
      $2,185,000
      29,084 SF

      1105 Harrison Ave

      GROCERY, SUPERMARKET • 29,084 SF
      1105 Harrison Ave, Cary, NC 27513
      View Details
    • Value Estimation
      $1,885,000
      3,380 SF

      1205 Maynard Rd

      GROCERY, SUPERMARKET • 3,380 SF
      1205 Maynard Rd, Cary, NC 27513-4175
      View Details
    • Value Estimation by Request
      738 SF

      1350 Old Apex Rd

      GROCERY, SUPERMARKET • 738 SF
      1350 Old Apex Rd, Cary, NC 27513-5252
      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
      View Details
    • Contact for pricing

      Cary Flex Space Opportunity

      Flex space opportunity in downtown Cary's hottest area.
      400 Field St, Cary, NC 27513
      View Details
    • $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
    • Contact for pricing
      11,969 SF

      Class A+ Office Building

      Two-story office building in Cary, North Carolina for sale.
      105 Weston Estates Way, Cary, NC 27513
      View Details
    • Contact for pricing
      2.57 Acres

      Downtown Cary Land Investment

      2.57 Acres, Two Parcels, High ROI Potential
      8360 Chapel Hill Rd, Cary, NC 27513
      View Details
    • Contact for pricing
      1,975 SF

      End-Unit Townhome Near Downtown Cary

      Two-story townhome with updated kitchen, fenced backyard, and two-car garage.
      809 Davidson Point Rd, Cary, NC 27513
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      6,604 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
      794 SF

      Restaurant Spaces For Lease

      Second generation restaurant spaces available in Cary, North Carolina.
      2051 Renaissance Park Pl, Cary, NC 27513
      View Details
    • Contact for pricing
      77,803 SF

      Northwoods Shopping Center: Cary, NC

      Retail Space Available in Thriving Cary
      0 Maynard Rd. & Harrison Ave, Cary, NC 27513
      View Details
    • Contact for pricing

      Retail Space in Cary Center

      Grocery-anchored retail space available at a busy Cary intersection.
      Maynard Rd & Harrison Ave, Cary, NC 27513
      View Details
    • Contact for pricing
      2,373 SF

      Northwoods Shopping Center: Cary, NC

      Prime Cary Retail Space - 2,373 sq ft Available
      973 Harrison Ave, Cary, NC 27513
      View Details

    Property Visit Statistics

    • Visits by month
      39.7k
    • Visitors by month
      34.1k
    • Avg Time on site
      10 min
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1807 Harrison Ave
    Cary, NC 27513-2408
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.