105 Baines CtCary, NC 27511

  • Retail space
  • 7,192 SF
For Sale
$2,950,000 View listing

Property Details for 105 Baines Ct

Year built
2004
Construction
BRICK
Lot size
0.71 AC
Property size (Sq ft)
7,192 SF
Zone code
OIP
Property type
Retail space
APN
0763.19-50-0495 0132210
APU
763195004950132210

Description

This exceptional two-story commercial property, located at 105 Baines Ct in Cary, North Carolina (27511), presents a fantastic investment opportunity. Built in 2004, the 7,328 square foot building sits on a 0.71-acre lot and offers a prime location near the intersection of SW Cary Parkway and Kildaire Farm Road. Previously used as a salon, this versatile space is adaptable to a wide range of retail businesses, making it an ideal investment for savvy entrepreneurs. The building's two stories provide ample space for various configurations, catering to diverse business needs. The asking price for this remarkable property is $2,950,000. Its strategic location in the thriving Cary market ensures high visibility and accessibility, promising strong returns for the discerning investor. The property's size and adaptability make it a truly unique opportunity in a highly desirable area of Wake County. Don't miss this chance to acquire a well-situated, versatile commercial property in a rapidly growing market.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $2,592,372
    6.5%
    $2,392,959
    7%
    $2,222,034
  • Comparable approach

    Method
    Valuation
    Relative Method
    $4,044,518
    Geo Method
    $4,160,146
  • Alternative Use

    Use
    Valuation
    Residential
    $2,018,551
    Hospitality
    $1,848,982
    Educational
    $1,538,331
    Medical
    $1,591,236
    Retail
    $2,392,959

Location Insight

City
Cary
County
Wake
State
North Carolina
Latitude
35.7569
Longitude
-78.7806
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
$12,333
$309,280
$921,600
$1,230,880
-
$309,280
$921,600
$1,230,880

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?
Please email our support team at [email protected] and they will add the team member.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I unsubscribe from emails?
At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].