Cary Lab Condo For
100 Parkway Office Court Cary, NC 27518
100 Parkway Office Court, Cary, NC, 27518
$1,900,000
For Sale
$1,900,000
4,800 SF lab condo in Parkway Professional Park.
Property Size4,800 SF
Price / SF$395.83
Days on Market311
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 Checked: Jul 17 at 4:16 am
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.
Local 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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Consulting and Coaching for Health ...
Consultant
Meredith Miller
Physician
Low Vision Rehab ...
Physician
Faison Consulting
Consultant
Sarah Kim
Physician
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FAQs
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.
