220 James Jackson AveCary, NC 27513

Property Details for 220 James Jackson Ave

Year built

2000

Construction

METAL FRAME

Lot size

3.14 AC

Property size (Sq ft)

28,950 SF

Zone code

I

Property type

Warehouses

APN

0754.12-75-9076 0221860

APU

754127590760221860

Description

This exceptional 33,213-square-foot flex space, located at 220-226 James Jackson Avenue in Wake County, offers a prime location and versatile functionality. Built in 2000, the property features a fully air-conditioned warehouse with a generous 18-foot clear ceiling height, perfect for various industrial and office uses. The building boasts excellent access to major transportation arteries, including Highway 54, I-40, Harrison Avenue, Cary Parkway, and Maynard Road, ensuring seamless logistics and convenient commutes. Five dock-high loading doors and two drive-in doors provide efficient loading and unloading capabilities. The property's strategic location places it within close proximity to thriving commercial centers like Preston Walk and Park West Village, a 100-acre mixed-use development offering a wide array of retail, dining, and entertainment options. Furthermore, its proximity to Research Triangle Park and RDU International Airport enhances its appeal for businesses seeking a strategic location. The space is available for occupancy beginning February 1, 2025. Tenants are responsible for trash removal, water, and sewer services. Abundant power is available on-site. This multi-tenant property presents a unique opportunity for businesses seeking a well-appointed and strategically located flex space.

• CAP approach

  CAP return

  Valuation

  6%

  $15,829,000

  6.5%

  $14,611,400

  7%

  $13,567,700

• Comparable approach

  Method

  Valuation

  Relative Method

  $10,336,800

  Geo Method

  $10,632,300

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $7,494,480

  Mixed-Use / Specialty

  $7,469,210

  Hospitality / Lodging

  $5,481,800

  Office

  $7,426,330

  Institutional / Educational

  $7,765,480

  Residential Income

  $9,085,610

  Multifamily

  $10,888,800

  Automotive / Energy

  $6,656,130

  Parking / Income-Based Land

  $2,295,520

  Restaurant / Food Service

  $3,887,870

  Healthcare / Senior Housing

  $7,658,050

Location Insight

City

Cary

County

Wake

State

North Carolina

Latitude

35.7968

Longitude

-78.8044

CBSA code

39580

CBSA name

RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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