1631 Maynard RdCary, NC 27513

Property Details for 1631 Maynard Rd

Year built

2004

Construction

MASONRY/CONCRETE MASONRY UNITS (CMUS)

Lot size

3.08 AC

Property size (Sq ft)

9,784 SF

Zone code

I

Property type

Warehouses

APN

0754.16-74-7027 0221868

APU

754167470270221868

Description

This exceptional flex space property at 1631 NW Maynard Rd, Cary, NC 27513, offers 9,219 square feet of versatile office and industrial space. Built in 2004, the building sits on a 3.08-acre lot and features a desirable flex layout, perfect for a variety of businesses. Currently, two suites are available for lease, ranging in size from 2,167 to 7,052 square feet. The property boasts a 13-foot ceiling height, providing ample vertical space for storage or specialized equipment. With 45 total parking spaces and two convenient drive-in bays, this property offers exceptional convenience and accessibility. The building is zoned for industrial use and is strategically located in Cary, offering easy access to major transportation arteries. It's less than four miles from I-40, and within a 15-minute drive of both RDU International Airport and the Research Triangle Park, making it an ideal location for businesses needing convenient access to transportation and a skilled workforce. Wake County location provides access to a thriving business community.

• CAP approach

  CAP return

  Valuation

  6%

  $5,349,610

  6.5%

  $4,938,100

  7%

  $4,585,380

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,493,440

  Geo Method

  $3,593,310

• Alternative Use

  Use

  Valuation

  Retail / Commercial

  $2,532,850

  Mixed-Use / Specialty

  $2,524,310

  Hospitality / Lodging

  $1,852,640

  Office

  $2,509,820

  Institutional / Educational

  $2,624,440

  Residential Income

  $3,070,590

  Multifamily

  $3,680,000

  Automotive / Energy

  $2,249,520

  Parking / Income-Based Land

  $775,800

  Restaurant / Food Service

  $1,313,950

  Healthcare / Senior Housing

  $2,588,130

Location Insight

City

Cary

County

Wake

State

North Carolina

Latitude

35.7942

Longitude

-78.8052

CBSA code

39580

CBSA name

RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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