Property profile

222 Gregson Dr Cary, NC 27511

OFF-MARKET
Manufacturing properties
Property ID
US53-1049198
68,321 SF 16.53 ac lot Built 1989
Entity Owned 14-yr Hold Absentee Owner Free & Clear
Saved · see the list in your Dashboard

Property profile

Verified
Property type Manufacturing properties
Use group MANUFACTURING (LIGHT)
Year built 1989
Total area 68,321 SF
Lot 16.53 ac (720,047 SF)
Zoning code ORD
APN 0752.15-73-2328 0185302
UPID US53-1049198

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Big Box & Wholesale Store
  • Corporate Office

Location

222 Gregson Dr Cary, NC 27511-6443
Cary metro Census 53419 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$6.18M
Blend (final) Blend
$5.47M

Owner & transaction history

since 2012
6 recorded transactions
2020
Price N/A
2020
Price N/A
2012
$4.2M
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

ORD · Cary, NC
Zoning description

(Ord. 2015-LDO-003, 7-23-15; Ord. No. 2017-LDO-01, 1-24-17; Ord. No. 2021-LDO-01, 6-24-21) Share Download Bookmark Print 4.4 OVERLAY ZONING DISTRICTS Share Download Bookmark Print 4.4.1 General Purpose; Relationship to G…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 222 Gregson Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
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