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    760 SE Maynard Rd Cary, NC 27511

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    760 SE Maynard Rd Cary, NC 27511

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    • Retail space
    • 40,000 SF
    • 4.42 lot acres
    For Sale
    $3,965,000
    View Listing →
    Retail Space Available For Sale
    $3,965,000
    40,000 SF

    Retail Space Available

    40,000 SqFt retail space for sale.

    760 SE Maynard Road, Cary, NC 27511
    View Listing
    Property ID
    US53-0723814
    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.
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 760 SE Maynard Rd

    Year built
    1995
    Construction
    BRICK
    Lot size
    4.42 lot acres
    Property size
    40,000 SF
    Zone code
    GCCU
    Property type
    Retail space
    APN
    0773.09-05-5229 0214751
    APU
    773090552290214751

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $4,260,000
      6.5%
      $3,930,000
      7%
      $3,650,000

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Cary
    County
    Wake
    State
    North Carolina
    Longitude
    -78.7621
    Latitude
    35.77
    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
    2023
    $69,612
    $3,215,335
    $3,731,943
    $6,947,278
    -
    $3,215,335
    $3,731,943
    $6,947,278

    Comparable in this City

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      7,924 SF

      1398 Kildaire Farm Rd

      RETAIL STORES (PERSONAL SERVICES) • 7,924 SF
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      View Details
    • Value Estimation by Request
      1,320 SF

      515 Chatham St

      RETAIL STORES (PERSONAL SERVICES) • 1,320 SF
      515 Chatham St, Cary, NC 27511-6906
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    • Value Estimation
      $2,910,000
      31,373 SF

      200 Nottingham Dr

      RETAIL STORES (PERSONAL SERVICES) • 31,373 SF
      200 Nottingham Dr, Cary, NC 27511
      View Details
    • Value Estimation by Request
      609 SF

      600 Parkthrough St

      RETAIL STORES (PERSONAL SERVICES) • 609 SF
      600 Parkthrough St, Cary, NC 27511-3281
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    • Value Estimation by Request
      2,400 SF

      302 Chatham St

      RETAIL STORES (PERSONAL SERVICES) • 2,400 SF
      302 Chatham St, Cary, NC 27511-3246
      View Details
    • Value Estimation
      $1,345,000
      15,851 SF

      220 Chatham St

      RETAIL STORES (PERSONAL SERVICES) • 15,851 SF
      220 Chatham St, Cary, NC 27511-3244
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      New Office and Retail Development

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      Downtown Cary Mixed-Use Development

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      40,000 SF

      Retail Space Available

      40,000 SqFt retail space for sale.
      760 SE Maynard Rd, Cary, NC 27511
      View Details
    • $850,000
      7,920 SF

      New Retail Strip Center ForSale

      7,920 SF multi-tenant building in a thriving commercial market.
      947 West Chatham St, Cary, NC 27511
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    • $2,950,000
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      Cary Retail Building - Investment Opportunity

      Prime Cary location, 7,328 sq ft, two-story retail building.
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      Retail Space in Downtown Cary

      Retail space in a mixed-use development in downtown Cary.
      352 South Walker St, Cary, NC 27511
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    Similar Nearby for Lease

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      767 SF

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      Retail property with 767 square feet available for rent.
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      3,977 SF

      Downtown Cary Retail Space

      Mixed-use development with retail space in growing Downtown Cary.
      27511 Usa, Cary, NC 27511
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      4,987 SF

      Downtown Cary Retail Space

      Retail space available in Downtown Cary with parking.
      139 East Chatham St, Cary, NC 27511
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    • Contact for pricing

      Retail Space with Patio

      Endcap retail space with patio, near major retailers and apartments.
      1005 Portrait Dr, Cary, NC 27511
      View Details
    • Contact for pricing

      Cary Retail/Office Space Available

      Retail and office spaces available for lease in Cary.
      114 Edinburgh Dr S, Cary, NC 27511
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    • Contact for pricing

      Retail Space Available For Lease

      Retail property available for lease in Cary, North Carolina.
      107 Edinburgh South Dr, Cary, NC 27511
      View Details

    Property Visit Statistics

    • Visits by month
      4.2k
    • Visitors by month
      3.1k
    • Avg Time on site
      16 min
    View Listing
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    Cary, NC 27511
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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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