Technical
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Property profile

3301 Morrisville Pkwy Cary, NC 27519

OFF-MARKET
Land
Property ID
US53-0941602
4.84 ac lot
Entity Owned 4-yr Hold
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Property summary

AI-generated overview

This exceptional 4.84-acre commercial land parcel presents a unique investment opportunity in the thriving Cary, North Carolina market. Located at 3301 Morrisville Parkway, this property boasts unparalleled visibility and accessibility, situated just 0.25 miles east of NC-55, a major thoroughfare with an impressive average annual daily traffic count of 15,500 vehicles. The property is within the Cary Planning Jurisdiction and zoned OI (Office and Institutional District), offering a wide range of permitted uses to suit various development plans. These permitted uses include, but are not limited to, daycare centers, office spaces, recreation centers, veterinary clinics, restaurants, and retail establishments. The OI zoning designation is ideal for businesses and institutions that benefit from proximity to more intensive commercial areas. This strategic location ensures high traffic volume and excellent exposure for any development. Furthermore, the site benefits from the convenience of readily available public water and sewer services. The property's APN is 0735602509. This is a rare opportunity to acquire a substantial commercial land parcel in a prime location with significant development potential. The asking price for this exceptional property is $1,499,000.

Property profile

Verified
Property type Land
Lot 4.84 ac (210,830 SF)
UPID US53-0941602

Cap rate & NOI

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

Location

3301 Morrisville Pkwy Cary, NC 27519
Cary metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2022
1 recorded transaction
2022
$1.6M

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
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