As my mother and I were driving to the grocery store one Sunday morning, we stopped at a rare red light near the edge of a neighborhood. Only a car or a pedestrian causes a red light, so we waited and watched for cross traffic to find that the only cross traffic was a little fox squirrel barrelling across Rosemeade Parkway in the crosswalk either to go to the park or the pool. Who knows, it's a lovely city rec area with at least two other geocaches... When we finally recovered from laughing, I swore to put a geocache there to help all the little squirrels know where to cross. Hopefully, you'll be able to find it too, but if a squirrel starts geocaching, we might be in trouble.
Please, please please park at the given waypoint. Parking near the cache will either obstruct traffic on the main road or a nearby alleyway, and neither will be pretty. Also, observe posted signs if leaving the neighborhood. The no right on red is there for a very expensive set of reasons. 