2011 Walnut St Cary, NC 27518
For Lease
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This exceptional commercial property, located at 2011 Walnut St in Cary, North Carolina (zip code 27518), presents a significant opportunity for retail businesses. The property boasts a total building area of 33,490 square feet, with 30,120 square feet currently vacant, offering substantial space for a single tenant. Built in 1995, the building is situated in Wake County and benefits from a prime street retail location, ensuring high visibility and accessibility. Ample parking is available with 123 spaces provided for customers and employees. The property is classified as both retail and land, offering flexibility for potential development or expansion. The single-tenant occupancy allows for a streamlined management approach. This property is ideal for a business seeking a prominent location in a thriving Cary market. Its size and parking capacity make it suitable for a variety of retail concepts. The significant vacant space presents a unique opportunity for a business to establish a substantial presence in a desirable area. The property's location in Wake County, North Carolina, offers access to a strong local economy and a large consumer base. This is a rare opportunity to acquire a substantial retail space in a prime Cary location.
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Office Depot Print & Copy Services (Bike/Boat/Book/etc) Store Printing Service
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Office Depot Tech Services Tech Support Center IT Consulting Firm
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FedEx ShipSite Postal Service Courier Service
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Office Depot (Bike/Boat/Book/etc) Store
(J) GC: General Commercial District (K) CT: Walnut Street Corridor Transitional District (L) ORD: Office/Research and Development District (M) I: Industrial District (N) TC: Town Center District 4.3 CONDITIONAL USE DISTRICTS 4.3.1 Purpose and Intent 4.3.2 Districts Established (A) Residential Districts (B) Non-Residential Districts (C) Town Center Subdistric…
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
GC · Cary, NC(J) GC: General Commercial District (K) CT: Walnut Street Corridor Transitional District (L) ORD: Office/Research and Development District (M) I: Industrial District (N) TC: Town Center District 4.3 CONDITIONAL USE DISTRICTS 4.3.1 Purpose and Intent 4.3.2 Districts Established (A) Residential Districts (B) Non-Residential Districts (C) Town Center Subdistricts (D) Walnut Street Corridor Subdistricts 4.3.3 Designation of Conditional Use Districts 4.3.4 Allowable Uses 4.3.5 Applicable Regulations 4.3.6 Conditional Zoning Districts 4.4 OVERLAY ZONING DISTRICTS 4.4.1 General Purpose; Relationship to General Use Zoning Districts 4.4.2 Mixed Use Overlay (A) Purpose and Intent (B) Applicability (C) [Reserved] (D) Uses Allowed (E) Authority Under Overlay District (F) Development Standards Supp. No. 52 LDO 4-1 CARY LAND DEVELOPMENT ORDINANCE (G) Dimensional Requirements (H) Changes to the Preliminary Development Plan Component of an Approved MXD District (Including Activity Center Concept Plans and Mixed Use Sketch Plans) or to an Approved PDD Master Plan 4.4.3 Conservation Residential Overlay District (A) Purpose and Intent (B) Location of District and Applicability (C) Subdistricts Created and Defined (D) Eligibility and Process to Obtain Density Bonus (E) Calculating the Base Number of Lots (F) Increases to Base Density; Residential Use Type Allowed; and Minimum Dimensional Standards (G) Bonus Open Space Requirements (H) Additional Design Requirements 4.4.4 [Reserved] 4.4.5 Airport Overlay (A) Purpose and Intent (B) Location and Applicability; Compliance Required (C) Process for Reviewing Developments; Approval by the Raleigh-Durham Airport Authority (D) Prohibited Uses and Structures (E) Nonconforming Uses and Structures (F) Location of Buildings and Parking Areas 4.4.6 Watershed Protection Overlay (A) Purpose and Intent (B) Applicability (C) Procedures for Development Approval (D) Overview of High Density and Low Density Development Options (E) Restrictions on Allowed Uses (F) Limitations on Impervious Surface Area and Density (G) Engineered Stormwater Control Measures (H) Clustered Development Option (I) Modifications and Variances (J) Violations;
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
