221 James Jackson AveCary, NC 27513

Property Details for 221 James Jackson Ave

Year built

1996

Construction

BRICK

Lot size

4.03 AC

Property size (Sq ft)

15,820 SF

Zone code

I

Property type

Warehouses

APN

0754.16-74-5355 0213982

APU

754167453550213982

Description

This exceptional 36,711 square foot flex space property, situated on 4.03 acres in Cary, NC, presents a unique investment opportunity. Built in 1996, this single-story building boasts a convenient location with excellent access to major thoroughfares including Highway 54, I-40, Harrison Avenue, Cary Parkway, and Maynard Road. Its proximity to Research Triangle Park and RDU International Airport (within 10 minutes) ensures easy commutes and accessibility. The property is zoned for industrial use and features a single building with multiple tenants. Currently, Suite 227 (2,250 square feet) is immediately available. This suite offers approximately 70% office space and 30% conditioned warehouse space, featuring high ceilings (roughly 10-11 feet), one dock-high door, and 100% conditioned space. The lease rate is $14.95 per square foot, NNN, with a TICAM of $3.70 per square foot. The property's location near Preston Walk offers employees convenient access to dining options such as Honey Pig, Lugano Ristorante, and Okja K-Pub. This property is in Wake County, NC, with the APN 0754745355 and zip code 27513. The property is situated in the Cary submarket.

• CAP approach

  CAP return

  Valuation

  6%

  $8,649,920

  6.5%

  $7,984,540

  7%

  $7,414,220

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,648,630

  Geo Method

  $5,810,120

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $4,095,430

  Mixed-Use / Specialty

  $4,081,620

  Hospitality / Lodging

  $2,995,580

  Office

  $4,058,190

  Institutional / Educational

  $4,243,520

  Residential Income

  $4,964,920

  Multifamily

  $5,950,290

  Automotive / Energy

  $3,637,300

  Parking / Income-Based Land

  $1,254,410

  Restaurant / Food Service

  $2,124,560

  Healthcare / Senior Housing

  $4,184,820

Location Insight

City

Cary

County

Wake

State

North Carolina

Latitude

35.7951

Longitude

-78.8062

CBSA code

39580

CBSA name

RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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