Cary Lab Condo For
For Sale
$1,900,000
100 Parkway Office Court, Cary, NC 27518
4,800 SF lab condo in Parkway Professional Park.
Property Size4,800 SF
Price / SF$395.83
Days on Market324
Property Features for 100 Parkway Office Court
General Information
Standard status
Active
Size
4,800 SF
Property subtype
Office
Listing Agency:
Lee & Associates - Raleigh Durham
(919) 909-9779
Listed By:
Russell Stewart
(919) 909-9779
Source:
Lee-associates
Added: Sep 10, 2025
Changed: Jul 6
Last Checked: Jul 30 at 4:51AM
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
Investment Insights
Based on property information with market context.
A 4,800 SF lab condo is available for sale in the Parkway Professional Park in Cary. The property is fully built out for molecular and toxicology lab space, making it ready for an owner-occupant. It features a kitchenette or breakroom and two bathrooms, one of which includes a walk-in shower. The property is situated with full access to SE Cary Parkway near the US Hwy 1 and US 64 Hwy interchange. It is also located close to WakeMed Cary Hospital, Waverly Place Shopping Center, and downtown Cary.
Key Highlights
- Ready‑to‑occupy 4,800 SF lab condo.
- Fully built out for molecular and toxicology lab space.
- Prime location in Cary's Parkway Professional Park.
Financial Insights For Office B
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 | $144.0k | $30.00 |
| − Vacancy | −$31.4k | −$6.55 |
| EGI | $112.6k | $23.45 |
| − OpEx | −$28.1k | −$5.86 |
| NOI | $84.4k | $17.59 |
4,800 SF · lease $30.00/SF/yr · vacancy 21.83% · expense 25.00%
Alternative Uses
Best Use
Office B
$1.21M
$1.06M – $1.41M
NOI $84,424 @ 7.0% cap · market cap 4.44%
Second Best
Healthcare Medical
$722.8K
$632.5K – $843.3K
NOI $50,596 @ 7.0% cap · market cap 2.66%
Theoretical Best
Office A
$1.34M
$1.18M – $1.57M
NOI $94,014 @ 7.0% cap · market cap 4.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,234
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 27518, NC
21,807
Population
9,211
Households
2.4
Avg Household Size
43
Median Age
72%
College-Educated
97%
High-School Grad
9.9 sq mi
ZIP Area
2,203
Density / Sq Mi
$121,242
Median Household Income
$66,460
Median Earnings
$1,537
Median Rent
$594,900
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Medical Office Space - 4,800 SF lab condo in Parkway Professional Park.
Where is this medical office space located?
The property is located at 100 Parkway Office Court Cary, 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: Ready‑to‑occupy 4,800 SF lab condo.; Fully built out for molecular and toxicology lab space.; Prime location in Cary's Parkway Professional Park.
