Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1140 Kildaire Farm Rd Cary, NC 27511

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Well-maintained office suite in central Cary location.

    Property size:
    26,685 SF
    Lot size:
    26,685 SF

    Property Features for 1140 Kildaire Farm Rd

    General Information

    Size
    26,685 SF

    Building Details

    Year built
    1985

    We can help!

    Listing Contact
    Will Smith
    Will Smith
    Source: Lee-associates

    Listing Agent: Will Smith

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

    Learn more

    Property Insight Report

    Overview

    Cary Office Space Available

    Located on Kildaire Farm Road between SE Maynard Road and Cary Parkway, this well-maintained, 26,685 SF multi-tenant building offers a high-visibility location with ample surface parking. The building is elevator-served and situated in a central Cary location near US-1, I-40, and Downtown Cary, surrounded by a strong mix of medical, office, and retail users with convenient access to the greater Cary and Triangle region. Suite 307 offers approximately 2,100 SF of 3rd-floor office space featuring a mix of private offices and open work space, a break area, and an IT closet. Previously occupied by a law firm, this suite is ideal for legal, financial, or professional service firms.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    A Better Choice: Rise ... Counselor Research Triangle Software Software Company BENECIAS Software Company MindPath Care Centers Mental Health Clinic Mary Key LCSW ... Social Worker

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cary
    County
    Wake
    State
    North Carolina
    Longitude
    -78.7830625
    Latitude
    35.7671053

    Nearby Similar for Lease

    • New
      $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
    • $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
    • $26 SF/Yr
      34,740 SF

      Offices at Fenton: Premier Workspace

      Dynamic office spaces in a vibrant, mixed-use environment.
      301 Fenton Gtwy Dr, Cary, NC 27511
      View Details
    • $37 SF/Yr
      50,922 SF

      Offices at Fenton: Premier Workspace

      Modern office spaces in a vibrant, mixed-use development.
      25 Fenton Main St, Cary, NC 27511
      View Details
    • $40 SF/Yr
      124,188 SF

      Modern Office Space in Cary

      Office space in a dynamic mixed-use environment with superior access.
      Fenton — 1 Fenton Main, Cary, NC
      View Details
    • $1,700 /Mo
      1,251 SF

      Cary Condo with Vaulted Ceilings

      Quiet 2BR/2Bath condo in a convenient Cary location.
      2423 Wellington Ridge Loop, Cary, NC 27518
      View Details
    • $31 SF/Yr
      19,768 SF

      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
    • $425 /Mo

      Cary Executive Office Suites

      Prime office spaces available in a convenient, central Cary location.
      201 W Chatham St, Cary, NC 27511
      View Details
    • Contact for pricing
      1,782 SF

      Historic Building in Downtown Cary

      Stand-alone 1,782 SF building on 0.43 acres in Downtown Cary.
      311 S Academy St, Cary, NC 27540
      View Details
    • $22 SF/Yr
      12,000 SF

      Medical Office Condo Near Hospital

      Medical office condo near WakeMed Hospital and Waverly Place in Cary.
      301 Keisler Dr, Cary, NC 27518
      View Details
    • $23 SF/Yr
      25,012 SF

      Class A Office Space Available

      Class A office space for lease near MacGregor Village.
      114 Edinburgh South Dr, Cary, NC 27511
      View Details
    • $27 SF/Yr
      18,678 SF

      Class A Office Suites Available

      First-floor suites for lease in desirable Cary location.
      5640 Dillard Dr, Cary, NC 27518
      View Details

    FAQs

    What type of property is this?
    Office space - Well-maintained office suite in central Cary location.
    Where is this office space located?
    The property is located at 1140 Kildaire Farm Rd Cary, NC.
    What are key features of this property?
    This property features: - Central Cary location with convenient access to US-1, I-40, and Downtown Cary.; - High-visibility location on Kildaire Farm Road.; - **±2,100 SF 3rd floor office suite featuring private offices, open workspace, break area, and IT closet.**
    (919) 986-9371
    Request Owner's contact information
    1140 Kildaire Farm Rd Cary, NC 27511
    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.
    1140 Kildaire Farm Rd
    Cary, NC 27511
    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
    1140 Kildaire Farm Rd Cary, NC 27511
    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
    Will Smith
    Will Smith
    (919) 986-9371
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.