Office/Retail Condo in Developing
141 Technology Garner, NC 27529
141 Technology, Garner, NC, 27529
$1,900,000
For Sale
$1,900,000
Office/retail condo in rapidly developing area near I-40.
Property Size9,479 SF
Lot Size0.85 Acres
Price / SF$200.44
Days on Market274
Property Features for 141 Technology
General Information
- Standard status
- Active
- Size
- 9,479 SF
- Lot size
- 0.85 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1997
Listing Agency
NORTHSIDE REALTY INC.
(919) 784-0101
Listed by
TIP IULIUCCI · License #255763
Source
Corcoran
Added: Oct 21, 2025 Updated: Jul 10 at 3:47 pm Checked: Jul 20 at 3:57 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 NORTHSIDE REALTY INC.
Investment Insights
Based on property information with market context.
This is an opportunity to purchase an office/retail condo in a rapidly developing area. Located on Technology Drive adjacent to exit 312 at Veteran's Parkway, also known as 40/42, 'Tech II' is visible to thousands of vehicles that pass by it daily on I 40 E. This location is a busy commercial area on the border of Wake and Johnston County. The building has 10 units. Eight of the units are currently leased, and two are currently vacant. One of the current tenants has converted four units into one unit. The property is zoned for commercial business, and opportunity exists at this location with the ability to expand. Current businesses that are leasing space in Tech II include a restaurant, counseling center, a home builder, and a home staffing agency. The property contains 9479 square feet. The property is suitable for mixed-use, office, and retail purposes.
Key Highlights
- High‑visibility location on Technology Drive, adjacent to exit 312 at Veteran's Parkway (I‑40 E), exposed to high traffic volume.
- Located in a rapidly developing commercial area on the border of Wake and Johnston County.
- Commercial zoning with expansion potential.
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 | $233.2k | $24.60 |
| − Vacancy | −$39.2k | −$4.13 |
| EGI | $194.0k | $20.47 |
| − OpEx | −$48.5k | −$5.12 |
| NOI | $145.5k | $15.35 |
9,479 SF · lease $24.60/SF/yr · vacancy 16.80% · expense 25.00%
Alternative Uses
Best Use
Office B
$2.08M
$1.82M – $2.43M
NOI $145,506 @ 7.0% cap · market cap 7.66%
Second Best
Mixed Use
$1.87M
$1.64M – $2.18M
NOI $130,810 @ 7.0% cap · market cap 6.88%
Theoretical Best
Specialty Retail
$2.71M
$2.37M – $3.16M
NOI $189,454 @ 7.0% cap · market cap 9.97%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Atlantic Home Staffing
Employment Agency
Joy W. Casey, ...
Medical Clinic
Ed Rubes LPC
Counselor
A Taste of Philly 4 ...
Restaurant
Synergy General Trades, ...
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
FAQs
What type of property is this?
Mixed-use property - Office/retail condo in rapidly developing area near I-40.
Where is this mixed-use property located?
The property is located at 141 Technology Garner, 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: High‑visibility location on Technology Drive, adjacent to exit 312 at Veteran's Parkway (I‑40 E), exposed to high traffic volume.; Located in a rapidly developing commercial area on the border of Wake and Johnston County.; Commercial zoning with expansion potential.
