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    The Largest CRE Database in the US with Over 1 Million Listings

    3731 NW Cary Pkwy, Unit 100 Cary, NC 27513

    Sponsored
    For Lease
    $4,090 /Mo ($24 SF/Yr)

    COMMERCIAL - Cary, NC

    Type:Office
    Property size:
    2,045 SF
    Days on Market:
    13
    Last Refresh:
    Feb 7 at 5:06 am

    Property Features for 3731 NW Cary Pkwy

    General Information

    Property type
    Commercial Lease
    Property subtype
    Office
    Standard status
    Active
    Zoning
    GC-CU
    Size
    2,045 SF

    Utilities

    Sewer type
    Public Sewer
    Water source
    Public

    Building Details

    Year built
    2000
    Flooring type
    Combination, Vinyl

    We can help!

    Listing Contact
    Gina Clapp
    Gina Clapp

    Century 21 Becky Medlin Realty 919-552-4517 ext.222

    Listing agent Gina Marie Bobber Clapp (919) 818-3916

    Listing date Jan 26, 2026

    MLS# 10103551

    Copyright © 2026 Doorify MLS of North Carolina. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Move-in Ready Medical Suite

    This 2,045 square foot first-floor medical suite is move-in ready and available for immediate occupancy. Located in Cary's Preston medical corridor, the space is surrounded by established healthcare providers. The suite features a modern, well-planned 'racetrack' layout designed for efficiency and patient comfort, suitable for a new or growing medical practice. Interior highlights include a recently remodeled lobby and reception area (2024), four private exam rooms each with cabinets, sink, and exterior windows, a central nurses station, and a separate lab. It also features a dedicated X-ray room, a spacious executive office, ample storage, a dedicated client restroom, a private staff restroom, a staff kitchenette with a sink and space for a fridge and microwave, and a private rear entrance for staff access. The tenant is offered a location for front facade building signage. The POA covers water, sewer, and trash. Ample parking is available for client convenience. The lease rate is $24 per square foot NNN.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Stanley Dentistry Dental Office Kildaire Chiropractic Sports ... Alternative Medicine Practice Fearrington Plastic Surgery Medical Clinic Luxe Aesthetics Medical Clinic Cary Foot & Ankle ... Physician

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Maynard Animal Hospital- Cary

    Location Insight

    • Map
    • Local Demand
    City
    Cary
    County
    Wake
    State
    North Carolina
    Longitude
    -78.817875
    Latitude
    35.79382

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    FAQs

    What type of property is this?
    Medical office - Turnkey medical suite in Cary's Preston medical corridor.
    Where is this medical office located?
    The property is located at 3731 NW Cary Pkwy, Unit 100 Cary, NC.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: - Move-in ready, 2,045 SF medical suite available for immediate occupancy.; - Located in Cary's highly sought-after Preston medical corridor.; - **Turnkey space with a modern 'racetrack' layout designed for efficient workflow.**
    (919) 552-4517
    Request Owner's contact information
    3731 NW Cary Pkwy, Unit 100 Cary, NC 27513
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    Cary, NC 27513
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3731 NW Cary Pkwy, Unit 100 Cary, NC 27513
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    We can help!
    Listing Contact
    Gina Clapp
    Gina Clapp
    Real Estate License ID: 288841
    (919) 552-4517
    Learn more
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