Office Condo with Built-In
For Sale
$275,000
Pending
101 Brady Court, Cary, NC 27511
Commercial Sale, Cary, NC
Property Size900 SF
Days on Market202
Property Features for 101 Brady Court
General Information
Property type
Commercial Sale
Property subtype
Office
Interior features
Built-in Features, Crown Molding, Stone Counters
Appliances
Free-Standing Refrigerator, Microwave, Refrigerator
Special listing conditions
Standard, HUD Owned
Standard status
Pending
Size
900 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
BRADY COURT OFFICE CONDO PH2 UN1B
Tax Annual Amount
1222
Legal Description
BRADY COURT OFFICE CONDO PH2 UN1B
Amenities
signage opportunities
24-hour access
Building Details
Year built
1983
Flooring type
Carpet, Tile
Building materials
Brick, Frame
Roof type
Shingle
Listing Agency:
eXp Realty, LLC - C
(888) 584-9431
Listed By:
Shenita StClair
(252) 801-1169
Added: Mar 18
Changed: Sep 30
Last Checked: Oct 5 at 8:06AM
MLS# 10153674
Copyright © 2026 Doorify MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This office condominium is located within a two-story office building constructed in 1983. Interior features include built-in elements, crown molding, and stone countertops, with tile and carpet flooring throughout. The unit also includes a free-standing refrigerator and microwave, along with brick and frame construction and a shingle roof.
The property is situated at 101 Brady Court in Cary, just off Kildaire Farm Road and near I-440. It is part of an established office community offering surface parking, signage opportunities, and access around the clock.
The property is situated at 101 Brady Court in Cary, just off Kildaire Farm Road and near I-440. It is part of an established office community offering surface parking, signage opportunities, and access around the clock.
Key Highlights
- Office condominium at 101 Brady Court, Unit 200, Cary, NC 27511
- Located just off Kildaire Farm Road with access to I‑440
- 1983 construction in a two‑story office building
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$15,829
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.76%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$316,580
$316.6K
Cap Rate 7%
$226,129
$226.1K
Cap Rate 9%
$175,878
$175.9K
Market Conditions
NOI Build-Up for 900 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$27.0K $30.00/SF
− Vacancy
−$5.9K −$6.55/SF
EGI
$21.1K $23.45/SF
− OpEx
−$5.3K −$5.86/SF
NOI
$15.8K $17.59/SF
Area
Cary, NC
Vacancy
21.83%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$316,580
Cap Rate 7%
$226,129
Cap Rate 9%
$175,878
Alternative Uses
Best Use
Office B
$226.1K
$197.9K – $263.8K
NOI $15,829 @ 7.0% cap · market cap 5.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$251.8K
$220.4K – $293.8K
NOI $17,628 @ 7.0% cap · market cap 6.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,783
Businesses Nearby
Explore this area
Business Placement
Demographics for 27511, NC
32,786
Population
14,359
Households
2.3
Avg Household Size
42
Median Age
58%
College-Educated
93%
High-School Grad
11.7 sq mi
ZIP Area
2,802
Density / Sq Mi
$104,072
Median Household Income
$50,778
Median Earnings
$1,436
Median Rent
$416,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Professional office condominium in a two-story building with surface parking, signage opportunities, and 24-hour access.
Where is this office units located?
The property is located at 101 Brady Court Cary, NC.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Office condominium at 101 Brady Court, Unit 200, Cary, NC 27511; Located just off Kildaire Farm Road with access to I‑440; 1983 construction in a two‑story office building
