Mixed-Use Commercial
For Sale
$1,900,000
141 Technology Drive, Garner, NC 27529
The property contains a mix of leased and vacant units within a multi-tenant commercial building.
Property Size9,479 SF
Price / SF$200.44
Days on Market376
Property Features for 141 Technology Drive
General Information
Standard status
Active
Size
9,479 SF
Total Parking Spaces
20
Property subtype
Commercial
Zoning
commercial business
Site & Location
Highway Access
Yes
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$7,404
Amenities
Lighting
Building Details
Building Size
9,479 SF
Year Built
1997
Stories
1
Listing Agency:
Northside Realty Inc.
(919) 784-0101
Listed By:
Tip Iuliucci · License #NC 255763
(910) 527-0948
Source:
Esteemre
Added: Oct 21, 2025
Changed: Oct 30
Last Checked: Oct 29 at 8:10PM
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.
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Investment Insights
Based on property information with market context.
This 9,479-square-foot commercial condominium at 141 Technology Drive was built in 1997 and comprises 10 units. Eight units are leased and two are vacant; one tenant has combined four units into a single space. Existing tenants include a restaurant, counseling center, home builder, and home staffing agency.
The property is on Technology Drive beside the Veteran's Parkway exit 312 and fronts I-40 East. The University Lights Store at 143 Technology Drive is also available for purchase, either separately or together with this property.
The property is on Technology Drive beside the Veteran's Parkway exit 312 and fronts I-40 East. The University Lights Store at 143 Technology Drive is also available for purchase, either separately or together with this property.
Key Highlights
- 10 units, with 8 leased and 2 vacant
- One tenant has combined 4 units into a single space
- 9,479 square feet; built in 1997
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$168,189
Cap Rate
8.85%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,363,780
$3.4M
Cap Rate 7%
$2,402,700
$2.4M
Cap Rate 9%
$1,868,767
$1.9M
Market Conditions
NOI Build-Up for 9,479 SF
Gross rent
$255.9K $27.00/SF
− Vacancy
−$15.7K −$1.65/SF
EGI
$240.3K $25.35/SF
− OpEx
−$72.1K −$7.60/SF
NOI
$168.2K $17.74/SF
Area
Wake County, NC
Vacancy
6.12%
Lease Rate
$27.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$3,363,780
Cap Rate 7%
$2,402,700
Cap Rate 9%
$1,868,767
Alternative Uses
Best Use
Retail
$2.40M
$2.10M – $2.80M
NOI $168,189 @ 7.0% cap · market cap 8.85%
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 authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
698
Businesses Nearby
Explore this area
Business Placement
Demographics for 27529, NC
54,250
Population
22,089
Households
2.5
Avg Household Size
39
Median Age
41%
College-Educated
93%
High-School Grad
57.7 sq mi
ZIP Area
940
Density / Sq Mi
$86,426
Median Household Income
$47,686
Median Earnings
$1,379
Median Rent
$325,600
Median Home Value
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Market
Vacancy Rate% for Retail in South region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property contains a mix of leased and vacant units within a multi-tenant commercial building.
Where is this mixed-use property located?
The property is located at 141 Technology Drive 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: 10 units, with 8 leased and 2 vacant; One tenant has combined 4 units into a single space; 9,479 square feet; built in 1997
