Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings

    2301 Corley Rd Cary, NC 27519

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    New 17,150 SF retail and office building in Cary, NC.

    We can help!

    Listing Contact
    Karah Jennings Mcconnell
    Source: Lee-associates

    Listing Agent: Karah Jennings Mcconnell

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    New Retail and Office Building

    The Shoppes at Twyla Walk is a new 17,150 square foot office and retail building under construction in Cary. The property is a commercial outparcel located near NC 540 Hwy with frontage and visibility on Morrisville Parkway. The building offers up to 7,384 rentable square feet of retail space and up to 6,031 rentable square feet of office space. There are 73 parking spaces available. Retail end caps feature glass roll-up doors. Signage is available. Anticipated cold dark shell delivery is Q4 2025.
    Location Intelligence

    Current Use by Public Records

    Shopping centers

    Similar Places Nearby

    Shoppes on Harrison, The Center

    Map

    City
    Cary
    County
    Wake
    State
    North Carolina
    Longitude
    -78.7812
    Latitude
    35.7864

    Nearby Similar for Lease

    • $1,300 /Mo
      34,427 SF

      Furnished Office in Cary Medical Corridor

      Furnished office space available for sublease in Cary, NC.
      3701 NW Cary Pkwy, Cary, NC 27513
      View Details
    • $4,090 /Mo
      2,045 SF

      Move-in Ready Medical Suite

      Turnkey medical suite in Cary's Preston medical corridor.
      3731 NW Cary Pkwy, Cary, NC 27513
      View Details
    • $11,000 /Mo
      2,700 SF

      Freestanding Retail Building in Cary

      2,700 SF retail building with high visibility in Cary.
      122 SW Maynard Rd, Cary, NC 27511
      View Details
    • $425 /Mo
      400 SF

      Olde Cary Executive Office Suites

      Prime office spaces in a convenient, central Cary location.
      201 W Chatham St, Cary, NC 27511
      View Details
    • Sponsored
      New
      Contact for pricing

      Spaces center Green

      Workspaces, services and support to help you grow your business in Spaces center Green
      5000 Centre Green Way, Cary, NC 27513
      View Details
    • New
      Contact for pricing

      NC, Cary - Towerview Ct

      Find fully flexible work and meeting space in NC, Cary - Towerview Ct
      280 Towerview Ct, Cary, NC 27513
      View Details
    • New
      Contact for pricing

      NC, Cary - 15000 Weston Parkway

      Discover many ways to work your way in NC, Cary - 15000 Weston Parkway
      15000 Weston Pkwy, Cary, NC 27513
      View Details
    • New
      Contact for pricing

      Regency Parkway

      Discover many ways to work your way in Regency Parkway
      2500 Regency Pkwy Cary, Cary, NC 27518
      View Details
    • $2,126 /Mo

      Downtown Cary Office Space Available

      Professional office space in the heart of Downtown Cary.
      404 E Chatham St, Cary, NC 27511
      View Details
    • $19 SF/Yr

      Downtown Cary Office Condo Lease

      2,165 RSF office condo for lease in downtown Cary.
      1151 Executive Cir, Cary, NC 27511
      View Details
    • Contact for pricing

      Former Bookstore Near Epic Games

      40,000 SF retail space near future Epic Games HQ.
      760 SE Maynard Rd, Cary, NC 27511
      View Details
    • $31 SF/Yr

      Class A Office Building in Cary

      Modern, furnished office building with easy highway access and high-end finishes.
      106 Pinedale Springs Way, Cary, NC 27511
      View Details

    FAQs

    What type of property is this?
    Shopping center - New 17,150 SF retail and office building in Cary, NC.
    Where is this shopping center located?
    The property is located at 2301 Corley Rd Cary, NC.
    What are key features of this property?
    This property features: - High-visibility location with frontage on Morrisville Parkway and proximity to NC 540 Hwy.; - New construction: **17,150 SF retail and office building.**; - Flexible space options: Up to 7,384 RSF retail and 6,031 RSF office space available.
    (919) 576-2502
    Request Owner's contact information
    2301 Corley Rd Cary, NC 27519
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    2301 Corley Rd
    Cary, NC 27519
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2301 Corley Rd Cary, NC 27519
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    We can help!
    Listing Contact
    Karah Jennings Mcconnell
    (919) 576-2502 (919) 817-0705
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!