Office-Retail Condo
141 Technology Drive Garner, NC 27529
141 Technology Drive, Garner, NC, 27529
$1,900,000
For Sale
$1,900,000
COMMERCIAL - Garner, NC
Property Size9,479 SF
Lot Size0.85 Acres
Price / SF$200.44
Days on Market269
Property Features for 141 Technology Drive
General Information
- Property type
- Commercial Sale
- Property subtype
- Office
- Parking
- 20
- Vegetation
- Cleared
- Exterior features
- Lighting
- Standard status
- Active
- Size
- 9,479 SF
- Lot size
- 0.85 Acres
Taxes and HOA fees
- Tax Year
- 2025
- Tax Description
- 49/400 162700-
- Tax Annual Amount
- 7404
Utilities
- Sewer type
- Public Sewer
- Heating system
- Central, Electric (Heating)
- Cooling system
- Electric, Central Air, Multi Units
- Water source
- Public
Building Details
- Year built
- 1997
- Floors in Building
- 1
- Flooring type
- Varies, Carpet
- Building materials
- Stucco
- Roof type
- Shingle
Listing Agency
Northside Realty Inc.
(919) 784-0101
4701 Creedmoor Rd, Ste.105, Raleigh, NC
Listed by
Tip Iuliucci · License #255763
(910) 527-0948
Added: Oct 21, 2025 Checked: Jul 16 at 7:06 pm
MLS# 10128937
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.
The “Tech II” property is a multi-unit office/retail condo building comprising 10 units. According to the current leasing profile, 8 units are leased and 2 units are vacant. One existing tenant has consolidated 4 units into a single larger unit, indicating flexibility in how spaces can be configured within the building.
Located at 141 Technology Drive in Garner, North Carolina, the building sits adjacent to exit 312 at Veteran’s Parkway (formerly known as 40/42). The property is described as highly visible to thousands of vehicles passing daily on I-40 E and is noted as a busy commercial area on the border of Wake and Johnston County.
This building is zoned for commercial business, supporting a range of office and retail uses. The current tenant mix listed in the remarks includes a restaurant, counseling center, home builder, and home staffing agency. With two units currently available and the building’s commercial zoning, the property may fit buyers seeking an income-producing, multi-tenant setup with openings for new occupants, as well as operators interested in positioning office or retail concepts in a prominent highway-visible location.
Located at 141 Technology Drive in Garner, North Carolina, the building sits adjacent to exit 312 at Veteran’s Parkway (formerly known as 40/42). The property is described as highly visible to thousands of vehicles passing daily on I-40 E and is noted as a busy commercial area on the border of Wake and Johnston County.
This building is zoned for commercial business, supporting a range of office and retail uses. The current tenant mix listed in the remarks includes a restaurant, counseling center, home builder, and home staffing agency. With two units currently available and the building’s commercial zoning, the property may fit buyers seeking an income-producing, multi-tenant setup with openings for new occupants, as well as operators interested in positioning office or retail concepts in a prominent highway-visible location.
Key Highlights
- 10‑unit office/retail condo building on Technology Drive near I‑40 E exit 312 at Veterans Parkway
- 8 units currently leased and 2 units currently vacant; one tenant converted 4 units into one unit
- Commercial business zoning
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- 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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $255.9k | $27.00 |
| − Vacancy | −$15.7k | −$1.65 |
| EGI | $240.3k | $25.35 |
| − OpEx | −$72.1k | −$7.60 |
| NOI | $168.2k | $17.74 |
9,479 SF · lease $27.00/SF/yr · vacancy 6.12% · expense 30.00%
Alternative Uses
Best Use
Specialty Retail
$2.71M
$2.37M – $3.16M
NOI $189,454 @ 7.0% cap · market cap 9.97%
Second Best
Retail
$2.40M
$2.10M – $2.80M
NOI $168,189 @ 7.0% cap · market cap 8.85%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Atlantic Home Staffing
Employment Agency
Joy W. Casey, ...
Medical Clinic
Ed Rubes LPC
Counselor
A Taste of Philly 4 ...
Restaurant
Synergy General Trades, ...
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Multi-unit office and retail condo building with current occupancy and available space on Technology Drive.
Where is this mixed-use property located?
The property is located at 141 Technology Drive Garner, NC.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: 10‑unit office/retail condo building on Technology Drive near I‑40 E exit 312 at Veterans Parkway; 8 units currently leased and 2 units currently vacant; one tenant converted 4 units into one unit; Commercial business zoning
