2205 Evans Rd Cary, NC 27513-7405
This exceptional commercial land offering in Cary, North Carolina presents a unique development opportunity. Encompassing approximately 1.38 to 3.39 acres, the property boasts a highly visible location at the intersection of Evans Road (18,000 vehicles per day) and Weston Parkway (17,500 vehicles per day) in the Weston Major Planned Development District (PDD). Zoned Office and Institutional (O&I) with a Commercial District Overlay (CDO), this site allows for a wide range of commercial uses, including retail stores, restaurants, and offices. The land features rough-graded pads with existing municipal water, sewer, and stormwater infrastructure in place, simplifying the development process. The area demonstrates strong demographics, with an average household income exceeding $143,000 within a one-mile radius, and a robust employer base including Metlife, Biologics, Inc., Pennymac, and Intel Corporation, situated in nearby Lakeview and Centre Green Business Parks. The site's proximity to major roadways—three minutes from Highway 54, five minutes from I-40, and ten minutes from I-540—further enhances its appeal. The lack of established retail within a one-mile radius presents a significant opportunity to serve the substantial residential and employment population. The property's APN numbers are 0755760051, 0755752748, 0755751632, and 0755764026. The site is ideally positioned to capitalize on the growth and development within the Research Triangle Park area.
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ATM (First Citizens Bank) Atm
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
GCP · Cary, NCCary. Always verify with local authorities before improvements.
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.