107 Fountain Brook Circle # C, Cary, NC 27511

Building Details

Building Size 1,078 SF More

Year Built 1985 More

Listing Agency: Fathom Realty NC

Listed By: Tiffany Alexy · License NC #275619 Show Phone

Source: Dustinbennett

Added: May 21 Changed: Nov 8 Last Checked: Nov 8 at 11:49AM

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Investment Insights

Based on property information with market context.

This office condominium is configured as two separate mini-suites linked by a central conference room currently used for storage. Each suite includes a lobby area with a kitchenette and a larger enclosed office with its own door. Recent interior improvements include LVP flooring, coffered ceiling tiles, fresh paint, and keyless entry. Restrooms are positioned directly outside the unit.

The property is located at 107 Fountain Brook Circle # C in Cary, approximately 1 mile from downtown Cary and Fenton. Nearby dining and shopping add convenient access to everyday amenities. As a low-maintenance condominium, exterior upkeep and landscaping are handled outside the unit.

Key Highlights

• Two mini‑suites connected by a central conference room currently used for storage
• Each suite includes a lobby, kitchenette, and enclosed office with a door
• Interior updates include LVP flooring, coffered ceiling tiles, paint, and keyless entry

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$18,960

Cap Rate

5.58%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$379,200 $379.2K

Cap Rate 7%

$270,857 $270.9K

Cap Rate 9%

$210,667 $210.7K

Is this asking price fair?

Market Conditions

NOI Build-Up for 1,078 SF

Gross rent

$32.3K $30.00/SF

− Vacancy

−$7.1K −$6.55/SF

EGI

$25.3K $23.45/SF

− OpEx

−$6.3K −$5.86/SF

NOI

$19.0K $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%

$379,200

Cap Rate 7%

$270,857

Cap Rate 9%

$210,667

Alternative Uses

Best Use

Office B

$270.9K

$237.0K – $316.0K (±1% cap)

NOI $18,960 @ 7.0% cap · market cap 5.58%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$301.6K

$263.9K – $351.9K (±1% cap)

NOI $21,114 @ 7.0% cap · market cap 6.21%

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

UberStrategist Advertising Agency

Suggested Use

Top Pick Auto Repair Shop Big Box & Wholesale Store Auto Parts Store Restaurant Barber Shop Storage Facility

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

1,572

Businesses Nearby

Explore this area Business Placement

Demographics for 27511, NC

32,786

Population

14,359

Households

2.3

Avg Household Size

42

Median Age

58%

College-Educated

93%

High-School Grad

11.7 sq mi

ZIP Area

2,802

Density / Sq Mi

$104,072

Median Household Income

$50,778

Median Earnings

$1,436

Median Rent

$416,600

Median Home Value

Market

Average Price Trend$/SF for Office Units in Cary, NC

$293 Jul

$299 Aug

$292 Sep

$289 Oct

Properties on Market for Office Units in Cary

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

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Frequently Asked Questions

What type of property is this?

Office unit - Two private office rooms include lobby areas and kitchenettes.

Where is this office unit located?

The property is located at 107 Fountain Brook Circle # C Cary, NC.

What is the asking price?

The asking price for this property is $340,000.

What are key features of this property?

This property features: Two mini‑suites connected by a central conference room currently used for storage; Each suite includes a lobby, kitchenette, and enclosed office with a door; Interior updates include LVP flooring, coffered ceiling tiles, paint, and keyless entry