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    Property profile & analytics

    411 Colonades Way Cary, NC 27518-7071

    • Drive through restaurants
    • 4,125 SF
    • 0.87 lot acres
    OFF-MARKET
    Value Estimation
    Last Sale
    Apr 19, 2022
    Location Intelligence
    Property ID
    US53-1388429
    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.

    Current Use by Public Records

    • Chick-fil-A / Family Restaurant / Fast Food Restaurant

    Property Details for 411 Colonades Way

    Year built
    2001
    Construction
    BRICK
    Lot size
    0.87 lot acres
    Property size
    4,125 SF
    Zone code
    GCM
    Property type
    Drive through restaurants
    APN
    0762.15-64-1594 0168433
    APU
    762156415940168433

    Value Estimation

    Powered by Realmo proprietary methodology Last update: July 3, 2025

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Cary
    County
    Wake
    State
    North Carolina
    Longitude
    -78.7769
    Latitude
    35.7406
    CBSA code
    39580
    CBSA name
    RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $19,211
    $1,108,487
    $1,182,594
    $2,291,081
    -
    $1,108,487
    $1,182,594
    $2,291,081

    Comparable in this City

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      6,552 SF

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      5,068 SF

      5856 Tryon Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 5,068 SF
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      3,900 SF

      1815 Walnut St

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,900 SF
      1815 Walnut St, Cary, NC 27518-9201
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    • Value Estimation
      $10,120,000
      2,018 SF

      3460 Kildaire Farm Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,018 SF
      3460 Kildaire Farm Rd, Cary, NC 27518-1541
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    • Value Estimation by Request
      2,934 SF

      313 Colonades Way

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,934 SF
      313 Colonades Way, Cary, NC 27518-7010
      View Details
    • Value Estimation by Request
      2,655 SF

      2101 Walnut St

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,655 SF
      2101 Walnut St, Cary, NC 27518-9207
      View Details

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    Similar Nearby for Lease

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    • $20 SF/Yr
      2,190 SF

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      Retail and office spaces for lease in Cary, North Carolina.
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      Retail Building in Prime Location

      Freestanding building in the heart of Cary, North Carolina.
      Cary, NC 27518
      View Details

    Property Visit Statistics

    • Visits by month
      74.0k
    • Visitors by month
      43.7k
    • Avg Time on site
      8 min
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    411 Colonades Way
    Cary, NC 27518-7071
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    Realmo Value Estimation

    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.

    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.

    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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