Technical
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Distress signals
Property profile

917 Reedy Creek Rd Cary, NC 27513

FOR SALE
Land
Property ID
US53-5304210
7.57 ac lot
Individually Owned 8-yr Hold
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Property summary

AI-generated overview

This exceptional 7.57-acre commercial land parcel presents a remarkable investment opportunity in the thriving Cary, North Carolina market. Located at 917 Reedy Creek Road, Wake County, this property boasts a prime location with convenient access to major thoroughfares. The parcel is zoned (R12 CU), offering flexibility for a variety of commercial developments. Its proximity to North Harrison Avenue and Interstate 40 ensures excellent connectivity to the broader region, including easy access to Raleigh-Durham International Airport, Downtown Raleigh, Downtown Durham, and the Research Triangle Park. This undeveloped land provides a blank canvas for ambitious projects, benefiting from its strategic position near significant employers and a wealth of amenities. The property's APN is 0765609209. The asking price for this significant land holding is $2,200,000. This represents a unique chance to acquire a substantial tract of land in a high-growth area with exceptional potential for future development and strong return on investment. The property's size and location make it ideal for a variety of commercial uses.

Property profile

Verified
Property type Land
Lot 7.57 ac (329,749 SF)
UPID US53-5304210

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

917 Reedy Creek Rd Cary, NC 27513
Cary metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2018
1 recorded transaction
2018
$9,000

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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