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Property profile & analytics
OFF-MARKET Estimated value $2,045,000
Strip malls

657 Cary Towne Blvd Cary, NC 27511-4219

28,144 SF 17.15 ac lot Built 1975
Entity Owned 11-yr Hold Absentee Owner ~ Est. High Equity
Property ID
US53-2570540
Property summary
AI-generated overview

Village Square, located at 657 Cary Towne Blvd in Cary, NC 27511, offers exceptional retail space for lease in Wake County. This multi-tenant property totals 6,656 square feet, with 4,800 square feet currently vacant and available for immediate occupancy. Individual suites range from a minimum of 2,250 square feet to a maximum contiguous space of 2,550 square feet, providing flexibility for various business needs. The property's prime location in Cary offers excellent visibility and accessibility, making it an ideal choice for businesses seeking a thriving retail environment. The property is classified as commercial retail space and presents a unique opportunity for businesses looking to establish or expand their presence in a high-traffic area. The address is easily accessible and benefits from high foot traffic and visibility. This is a fantastic opportunity to secure a well-located retail space in a vibrant and growing community. Interested parties are encouraged to inquire about lease terms and availability. The property is conveniently located in Wake County, North Carolina.

Property profile
Verified
Property type Strip malls
Use group SHOPPING CENTER, STRIP CENTER
Year built 1975
Construction CONCRETE BLOCKS
Total area 28,144 SF
Lot 17.15 ac (747,054 SF)
Zoning code GC
APN 0763.08-97-1781 0023953
UPID US53-2570540
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
Current use
Occupant on record · Public records
  • Cary Village Square Shopping Center Business Service Center Corporate Office
  • Kritical Nutrition (Bike/Boat/Book/etc) Store Pharmacy
  • Caryite Kitchen Remodelers Hardware & Home Improvement Kitchen & Bath Showroom
  • CellXperts Computer & Electronic Repair Tech Support Center
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$1.96M
Blend (final) Blend
$2.05M
Owner & transaction history
Gtt Corp · 11 yrs held
Gtt Corp
since 2015
2 recorded transactions
2015
Price N/A
2013
Price N/A
Zoning & alternative use
GC · Cary, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

(J) GC: General Commercial District (K) CT: Walnut Street Corridor Transitional District (L) ORD: Office/Research and Development District (M) I: Industrial District (N) TC: Town Center District 4.3 CONDITIONAL USE DISTRICTS 4.3.1 Purpose and Intent 4.3.2 Districts Established (A) Residential Districts (B) Non-Residential Districts (C) Town Center Subdistric…

Zone name General Commercial District
General category COMMERCIAL
Zone area 558.60 ac
Source 4.4.2 Mixed Use Overlay
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