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    2310 Davis Dr Cary, NC 27519
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    2310 Davis Dr Cary, NC 27519

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    • Commercial land
    For Sale
    $1,400,000
    View Listing →
    Pad Ready Site For Sale For Sale
    $1,400,000

    Pad Ready Site For Sale

    0.824 acre pad ready site with completed offsite improvements.

    2310 Davis Dr, Cary, NC 27519
    View Listing
    Property ID
    US53-0752982
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Myers Corp / Hardware & Home Improvement / Home Appliance Store

    Property Details for 2310 Davis Dr

    Property type
    Commercial land
    Property subtype
    Commercial real estate

    Description

    0.824 acre pad ready site with all offsite improvements completed.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Cary
    County
    Wake
    State
    North Carolina
    Longitude
    -78.8464499
    Latitude
    35.7885846

    Comparable in this City

    • Contact for pricing

      Prime Cary Development Opportunity

      11.31 acres in Cary, near Beaver Creek and RTP.
      700 Oak Ridge Dr, Cary, NC 27519
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    • Contact for pricing

      Land For Sale in Cary

      Land for sale with frontage on NC Hwy 55.
      4417 Nc-55 Hwy, Cary, NC 27519
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    • $1,250,000

      Cary Land For Sale

      Land for sale with frontage on NC Hwy 55.
      4417 Nc 55 Hwy, Cary, NC 27519
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    • Contact for pricing

      Publix Anchored Shopping Center Space

      Retail spaces available in Cary shopping center near Research Triangle.
      425 Emissary Dr, Cary, NC 27519
      View Details
    • $4,250,000

      Class A Office Building For Sale

      Fully leased Class A office building in west Cary.
      100 Connemara Dr, Cary, NC 27519
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    • Contact for pricing

      Class A Office Building

      New Class A office building in desirable Cary location.
      150 Wellesley Ln, Cary, NC 27519
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Land For Sale in Cary

      Land for sale with frontage on NC Hwy 55.
      4417 Nc-55 Hwy, Cary, NC 27519
      View Details
    • $1,250,000

      Cary Land For Sale

      Land for sale with frontage on NC Hwy 55.
      4417 Nc 55 Hwy, Cary, NC 27519
      View Details
    • Contact for pricing

      Prime Cary Development Opportunity

      11.31 acres in Cary, near Beaver Creek and RTP.
      700 Oak Ridge Dr, Cary, NC 27519
      View Details
    • Contact for pricing

      Class A Office Building

      New Class A office building in desirable Cary location.
      150 Wellesley Ln, Cary, NC 27519
      View Details
    • $4,250,000

      Class A Office Building For Sale

      Fully leased Class A office building in west Cary.
      100 Connemara Dr, Cary, NC 27519
      View Details
    • Contact for pricing

      Publix Anchored Shopping Center Space

      Retail spaces available in Cary shopping center near Research Triangle.
      425 Emissary Dr, Cary, NC 27519
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Cary Shopping Center For Rent

      Publix-anchored shopping center in Cary, near Research Triangle Park.
      425 Emissary Dr, Cary, NC 27519
      View Details
    • Contact for pricing

      Retail Space in Cary, NC

      Retail space available in a busy Cary shopping center.
      55 & Grn Level Rd W, Cary, NC 27519
      View Details
    • Contact for pricing

      Retail Development in Cary, NC

      High-visibility retail spaces available in growing Cary location.
      Nc 55 & Highcroft Dr, Cary, NC 27519
      View Details
    • Contact for pricing

      Retail Space on Highway 55

      Retail property available for rent on Highway 55.
      55 & Grn Level Rd W, Cary, NC 27519
      View Details
    • Contact for pricing

      Retail Space Available For Lease

      Retail property available for lease in Cary, North Carolina.
      7750 Mccrimmon Pkwy, Cary, NC 27519
      View Details
    • Contact for pricing

      Class A Medical Office Building

      Three-story medical office building with variety of medical tenants.
      7560 Carpenter Fire Station Rd, Cary, NC 27519
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    View Listing
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    2310 Davis Dr
    Cary, NC 27519
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    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
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