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Property profile & analytics
OFF-MARKET
Commercial real estate

3301 Morrisville Pkwy Cary, NC 27519

4.84 ac lot
Entity Owned 3-yr Hold
Property ID
US53-0941602
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 Commercial real estate
Lot 4.84 ac (210,830 SF)
APN 0735602509
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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by Request
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Grail Properties LLC · 3 yrs held
Grail Properties LLC
since 2022
1 recorded transaction
2022
$1.6M
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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