405 Gregson Dr Cary, NC 27511-6497
I-CU: Industrial district. (C) Town Center Subdistricts (1) TC-HMXD-CU: High Intensity Mixed Use subdistrict; (2) TC-MXD-CU: Mixed Use subdistrict; (3) TC-HDR Mid-Rise-CU: High Density Residential Mid-Rise subdistrict; (4) TC-MXDR-CU: Mixed Density Residential subdistrict; (5) TC-HDR Garden-CU: High Density Residential Garden subdistrict; (6) TC-MDR-CU: Medi…
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
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Property description
Physical attributes from public recordsZoning & alternative use
I · Cary, NCI-CU: Industrial district. (C) Town Center Subdistricts (1) TC-HMXD-CU: High Intensity Mixed Use subdistrict; (2) TC-MXD-CU: Mixed Use subdistrict; (3) TC-HDR Mid-Rise-CU: High Density Residential Mid-Rise subdistrict; (4) TC-MXDR-CU: Mixed Density Residential subdistrict; (5) TC-HDR Garden-CU: High Density Residential Garden subdistrict; (6) TC-MDR-CU: Medium Density Residential subdistrict; (7) TC-LDR-CU: Low Density Residential subdistrict; (8) TC-OFC/INS-CU: Office/Institutional subdistrict; (9) TC-OFC/IND-CU: Office/Industrial subdistrict; (10) TC-COM-CU: Commercial subdistrict; (11) TC-CLI-CU: Commercial Low Intensity subdistrict; (12) TC-CB&R-CU: Cottage Business and Residential subdistrict; and (13) TC-INS-CU: Institutional subdistrict. (D) Walnut Street Corridor Subdistricts (1) CT-REDEV-CU: Walnut Street Corridor Redevelopment Area subdistrict; (2) CT-CONV-CU: Walnut Street Corridor Conversion Area subdistrict; and (3) CT-INFILL-CU: Walnut Street Infull Area subdistrict. Share Download Bookmark Print 4.3.3 Designation of Conditional Use Districts Conditional use districts shall be designated only in accordance with the procedures and requirements set forth in Section 3.4.2 of this Ordinance, and may not contain conditions which are less restrictive than this Ordinance or other applicable state and/or federal laws. Share Download Bookmark Print 4.3.4 Allowable Uses No use shall be permitted within a conditional use district except pursuant to the conditions imposed on the conditional use district as part of the zoning approval. The permitted uses must be ones that this Ordinance allows in the corresponding general use district. Share Download Bookmark Print 4.3.5 Applicable Regulations (A) All standards and requirements that apply to the corresponding general use district shall apply to the conditional use district. (B) Conditions imposed on a conditional use district may be no less restrictive than those standards applying to the corresponding general use district. (C) Existing conditional use limitations in a conditional use district shall become null and void if future amendments to this Ordinance require stricter standards than those imposed under existing conditional use zoning. Share Download Bookmark Print 4.3.6 Conditional Zoning Districts (A) In addition to "Conditional Use" zoning designations, the Official Zoning Map also contains parcels with "Conditional" zoning.
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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.