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 Market416
Property Features for 100 Parkway Office Court
General Information
Standard status
Active
Size
4,800 SF
Class
B
Property subtype
Office
Building Details
Building Size
4,800 SF
Listing Agency:
Lee & Associates - Raleigh Durham
Listed By:
Russell Stewart
(919) 909-9779
Source:
Lee-associates
Added: Sep 10, 2025
Changed: Oct 25
Last Checked: Oct 30 at 12:11PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
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
Estimated NOI and Cap Rate
NOI / Yr
$84,424
Cap Rate
4.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,688,480
$1.7M
Cap Rate 7%
$1,206,057
$1.2M
Cap Rate 9%
$938,044
$938.0K
Market Conditions
NOI Build-Up for 4,800 SF
Gross rent
$144.0K $30.00/SF
− Vacancy
−$31.4K −$6.55/SF
EGI
$112.6K $23.45/SF
− OpEx
−$28.1K −$5.86/SF
NOI
$84.4K $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 Rate 5%
$1,688,480
Cap Rate 7%
$1,206,057
Cap Rate 9%
$938,044
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.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in South region
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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.
