Maynard Office Center Office
For Sale
Contact for pricing
1300 SE MAYNARD RD STE 103, Cary, NC 27511
Office unit within a 1998-built property carrying OI zoning in Cary.
Property Size525 SF
Price / SF$619.05
Days on Market88
Property Features for 1300 SE MAYNARD RD STE 103
General Information
Standard status
Active
Size
525 SF
Property subtype
Office
Zoning
OI
Building Details
Year Built
1998
Year Renovated
2024
Stories
1
Units
35
Tenancy
Multi
Listing Agency:
Compass Commercial
(919) 606-4500
Listed By:
Scott Korbin · License #NC, 152541
Source:
Crexi
Added: Jun 4
Changed: Aug 30
Last Checked: Aug 30 at 12:04AM
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 Compass Commercial
Investment Insights
Based on property information with market context.
Suite 103 at Maynard Office Center is a 525-square-foot office unit in a property constructed in 1998. The space is identified for office use and carries OI zoning.
The property is located at 1300 SE Maynard Rd in Cary, North Carolina, providing a defined office address within the Maynard Office Center.
The property is located at 1300 SE Maynard Rd in Cary, North Carolina, providing a defined office address within the Maynard Office Center.
Key Highlights
- 525 SF office unit
- Suite 103 at 1300 SE Maynard Rd, Cary, NC
- OI zoning
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$9,234
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
2.84%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$184,680
$184.7K
Cap Rate 7%
$131,914
$131.9K
Cap Rate 9%
$102,600
$102.6K
Market Conditions
NOI Build-Up for 525 SF
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.
Gross rent
$15.8K $30.00/SF
− Vacancy
−$3.4K −$6.55/SF
EGI
$12.3K $23.45/SF
− OpEx
−$3.1K −$5.86/SF
NOI
$9.2K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$184,680
Cap Rate 7%
$131,914
Cap Rate 9%
$102,600
Alternative Uses
Best Use
Office B
$131.9K
$115.4K – $153.9K
NOI $9,234 @ 7.0% cap · market cap 2.84%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$146.9K
$128.5K – $171.4K
NOI $10,283 @ 7.0% cap · market cap 3.16%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
848
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
Vacancy Rate% for Office in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Office units - Office unit within a 1998-built property carrying OI zoning in Cary.
Where is this office units located?
The property is located at 1300 SE MAYNARD RD STE 103 Cary, NC.
What is the asking price?
The asking price for this property is $325,000.
What are key features of this property?
This property features: 525 SF office unit; Suite 103 at 1300 SE Maynard Rd, Cary, NC; OI zoning
