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Property profile & analytics
OFF-MARKET Estimated value $7,255,000
Office buildings

405 Gregson Dr Cary, NC 27511-6497

27,027 SF 61.69 ac lot Built 1984
Entity Owned Absentee Owner Free & Clear
Property ID
US53-2070216
Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1984
Construction BRICK
Total area 27,027 SF
Lot 61.69 ac (2,687,216 SF)
Zoning code I
APN 0752.19-60-1827 0116985
UPID US53-2070216
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
AI Approach AI
by Request
CAP Approach CAP
$7.80M
Comparable Approach Comparable
$6.55M
Blend (final) Blend
$7.26M
Owner & transaction history
LORD CORPORATION
LORD CORPORATION
Zoning & alternative use
I · Cary, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

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…

Zone name Industrial District
General category INDUSTRIAL
Zone area 470.74 ac
Source 4.4.2 Mixed Use Overlay
Top alternative use upside
Auto repair, garage $11.4M +100.7%
Medical building $9.3M +63.7%
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