Multi-Tenant Flex
For Sale
$2,950,000
101 Towerview Ct, Cary, NC 27513
Office and warehouse configurations provide adaptable space for showroom, light industrial, and service-oriented operations.
Property Size10,000 SF
Days on Market74
Property Features for 101 Towerview Ct
General Information
Standard status
Active
Size
10,000 SF
Property subtype
Industrial
Building Details
Building Size
10,000 SF
Year Built
1999
Listed By:
Will Sossaman
(919) 632-6953
Source:
Lee-associates
Added: Aug 2
Changed: Oct 5
Last Checked: Oct 12 at 5:14PM
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 Will Sossaman
Investment Insights
Based on property information with market context.
This flex property at 101 Towerview Ct in Cary combines office and warehouse areas within a multi-tenant building constructed in 1999. Suite 107/109/111 offers 6,000 SF and can be divided into 2,000 SF and 4,000 SF sections. The space includes a second-generation church facility and 3 roll-up doors that are currently covered. Suite 105 contains 2,000 SF and is leased through December 2027, while Suite 103 contains 2,000 SF and is leased through January 2031.
The property occupies 1.51 acres and provides approximately 40 total parking spaces. Building features include 5 roll-up doors measuring 7’ W x 8’ H and 16’ 9” of clear height if ceiling tiles are removed. The site is zoned ORD-CU, an Office/Research and Development district, and offers office, showroom, light industrial, and service-oriented configurations.
The property occupies 1.51 acres and provides approximately 40 total parking spaces. Building features include 5 roll-up doors measuring 7’ W x 8’ H and 16’ 9” of clear height if ceiling tiles are removed. The site is zoned ORD-CU, an Office/Research and Development district, and offers office, showroom, light industrial, and service-oriented configurations.
Key Highlights
- 6,000 SF available in Suite 107/109/111
- Suite 107/109/111 can be divided into 2,000 SF and 4,000 SF sections
- 5 roll‑up doors measuring 7’ W x 8’ H
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$175,883
Cap Rate
5.96%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,517,660
$3.5M
Cap Rate 7%
$2,512,614
$2.5M
Cap Rate 9%
$1,954,256
$2.0M
Market Conditions
NOI Build-Up for 10,000 SF
Gross rent
$300.0K $30.00/SF
− Vacancy
−$65.5K −$6.55/SF
EGI
$234.5K $23.45/SF
− OpEx
−$58.6K −$5.86/SF
NOI
$175.9K $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%
$3,517,660
Cap Rate 7%
$2,512,614
Cap Rate 9%
$1,954,256
Alternative Uses
Best Use
Office B
$2.51M
$2.20M – $2.93M
NOI $175,883 @ 7.0% cap · market cap 5.96%
Second Best
Industrial
$1.79M
$1.56M – $2.08M
NOI $125,022 @ 7.0% cap · market cap 4.24%
Theoretical Best
Office A
$2.80M
$2.45M – $3.26M
NOI $195,863 @ 7.0% cap · market cap 6.64%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
947
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
Demographics for 27513, NC
46,526
Population
21,204
Households
2.2
Avg Household Size
39
Median Age
68%
College-Educated
97%
High-School Grad
16.4 sq mi
ZIP Area
2,837
Density / Sq Mi
$119,458
Median Household Income
$66,584
Median Earnings
$1,491
Median Rent
$468,300
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Similar Off Market Nearby
- Fords Fluent N' Food Catering — 1077 Darrington Dr, Cary, NC 27513
Frequently Asked Questions
What type of property is this?
Flex space - Office and warehouse configurations provide adaptable space for showroom, light industrial, and service-oriented operations.
Where is this flex space located?
The property is located at 101 Towerview Ct Cary, NC.
What is the asking price?
The asking price for this property is $2,950,000.
What are key features of this property?
This property features: 6,000 SF available in Suite 107/109/111; Suite 107/109/111 can be divided into 2,000 SF and 4,000 SF sections; 5 roll‑up doors measuring 7’ W x 8’ H
