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    FOR SALE
    Warehouses

    8360 Chapel Hill Rd, Cary, NC 27513

    6,523 SF 1.74 ac lot Built 1966
    Entity Owned 5-yr Hold ~ Est. High Equity
    Property ID
    US53-1996500
    Property summary
    AI-generated overview

    This exceptional investment opportunity encompasses two parcels totaling 2.57 acres of prime commercial and industrial land in the heart of Cary, North Carolina. Parcel 1, located at 8360 Chapel Hill Rd, comprises 1.74 acres and features an existing 8,773 square foot auto repair shop currently in operation, zoned GCP. This presents immediate rental income potential or the possibility of repurposing the building. Parcel 2, situated at 8390 Chapel Hill Rd, offers 0.83 acres of vacant land zoned OIP, providing significant development flexibility. Both parcels are located in Wake County, zip code 27513, and share the APNs 0764539267 and 0764537146 respectively. Cary's rapid growth and high demand for commercial and residential space create a compelling investment scenario with substantial potential for return. The strategic location within Downtown Cary ensures strong future appreciation. Parcel 1 is listed at $2,600,000 and Parcel 2 at $750,000. This presents a unique chance to capitalize on Cary's thriving economy and robust real estate market. The combined parcels offer a diverse range of development and income possibilities, making this an attractive proposition for discerning investors seeking significant returns.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 1966
    Construction METAL FRAME
    Total area 6,523 SF
    Lot 1.74 ac (75,794 SF)
    Zoning code GCP
    APN 0764.15-53-9267 0018403
    UPID US53-1996500
    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
    • Green Heron Landscaping Inc Landscaping General Contractor
    • Savage Towing Inc Auto Repair Shop
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $2.14M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $2.01M
    Blend (final) Blend
    $1.60M
    Owner & transaction history
    Moghadass INC · 5 yrs held
    Moghadass INC
    since 2021
    Last sale
    $1.5M
    4 recorded transactions
    2021
    $1.8M
    2017
    2007
    $525,000
    1969
    Zoning & alternative use
    GCP · Cary, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Medical building $2.2M +51.6%
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    More about this property
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