Class A Office Building For
100 Connemara Dr, Cary, NC 27519
Fully leased Class A office building in west Cary.
Type:Office
Property size:
14,634 SFPrice / SF:
$290/SF- Added:
- Jan 26, 2026
- Days on Market:
- 110
- Last Refresh:
- Apr 5 at 9:48 pm
Property Features for 100 Connemara Dr
General Information
- Standard status
- Active
- Size
- 14,634 SF
- Property subtype
- Office
Building Details
- Year Built
- 2008
Listing agent Brian Farmer License #NC #183406 (919) 576-2503
Listing office Lee & Associates - Raleigh Durham (919) 576-2503
Listing date Jan 26, 2026
Source Lee-associates
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates - Raleigh Durham
HighLights
- Fully leased Class A office building with strong tenant mix and staggered lease expiration dates providing stable income.
- Prominent location on Highway 55 in the West Cary/Morrisville submarket with excellent visibility and signage opportunities.
- Major tenant is Howard Perry & Walston Realty, a well‑established regional real estate company.
- Convenient access to NC 540 and Research Triangle Park (RTP).
- High‑end finishes, abundant natural light, and modern detailing create an attractive office environment.
- Ample surface parking at a ratio of 3.7/1,000 RSF.
Overview
The property at 100 Connemara Drive is a fully leased, two-story Class A office building situated in west Cary. The building has frontage on NC 55 Highway and is located less than 2 miles from NC 540 and approximately 15 minutes from Research Triangle Park. The building contains 14,926 square feet. Major tenant is Howard Perry & Walston Realty, with 13 office locations in the Triangle area. Other tenants include Best Physical Therapy and Setleff Law & Scott Beasley. Howard, Perry & Walston Realty occupies 11,574 rentable square feet (the entire 2nd floor and partial 1st floor) with a lease expiration date of 5/31/28. Best Physical Therapy occupies 1,522 rentable square feet, with a lease expiration date of 8/31/29. Setleff Law & Scott Beasley occupies 1,700 rentable square feet, with a lease expiration date of 8/31/29. The building features high-end finishes with modern detailing, abundant natural light, and strong glass lines. It offers commanding street presence along Highway 55, with excellent visibility and access in a high-traffic area. Ample surface parking is available at a ratio of 3.7/1,000 rentable square feet. The property is conveniently located near I-540 and nearby retail amenities.
Financial Insights
Value Estimation Calculated for Office B
Conservative
$2.86M
NOI $257,386 @ 9.00% cap · cautious / downside scenario
Moderate
$3.68M
NOI $257,386 @ 7.00% cap · market / base-case scenario
Aggressive
$5.15M
NOI $257,386 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
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.
Calculated for Office B
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $439.0k | $30.00 |
| − Vacancy | −$95.8k | −$6.55 |
| EGI | $343.2k | $23.45 |
| − OpEx | −$85.8k | −$5.86 |
| NOI | $257.4k | $17.59 |
14,634 SF · lease $30.00/SF/yr · vacancy 21.83% · expense 25.00%
Alternative Use Scenarios
Best Use
Office B
$3.68M
$3.22M – $4.29M
NOI $257,386 @ 7.0% cap · market cap 6.06%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$4.09M
$3.58M – $4.78M
NOI $286,626 @ 7.0% cap · market cap 6.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
Preeti Gupta Realtor
Real Estate Agency
Sandra Lytle
Real Estate Agency
Law Office of Scott ...
Law Firm
The Setliff Law Firm
Law Firm
Triangle NC Real ...
Real Estate Agency
Location Insight
- Map
- Local Demand
- City
- Cary
- County
- Wake
- State
- North Carolina
- Longitude
- -78.8699
- Latitude
- 35.7922
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FAQs
What type of property is this?
Office building - Fully leased Class A office building in west Cary.
Where is this office building located?
The property is located at 100 Connemara Dr Cary, NC.
What is the asking price?
The asking price for this property is $4,250,000.
What are key features of this property?
This property features: **Fully leased Class A office building** with strong tenant mix and staggered lease expiration dates providing stable income.; **Prominent location on Highway 55** in the West Cary/Morrisville submarket with excellent visibility and signage opportunities.; Major tenant is Howard Perry & Walston Realty, a well‑established regional real estate company.
