Office Condo with Leased
141 Technology Drive, Garner, NC 27529
For Sale
$1,900,000
Commercial Sale, Garner, NC
Property Size9,479 SF
Lot Size0.85 Acres
Price / SF$200.44
Days on Market386
Property Features for 141 Technology Drive
General Information
Property type
Property subtype
Parking
Vegetation
Exterior features
Subdivision
Lot features
Standard status
Size
Lot size
Additional Details
Tenant in Place
Property Use
Taxes and HOA fees
Tax Year
Tax Description
Tax Annual Amount
Legal Description
Utilities
Sewer type
Heating system
Cooling system
Water source
Building Details
Year built
Floors in Building
Flooring type
Building materials
Roof type
Buildings
Listing Agency:
Northside Realty Inc.
(919) 784-0101
Listed By:
Tip Iuliucci · License NC #255763
(910) 527-0948
Added: Oct 21, 2025
Changed: Oct 23
Last Checked: Nov 10 at 5:06PM
MLS# 10128937
Copyright © 2026 Doorify MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
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Investment Insights
Based on property information with market context.
This 9,479-square-foot office condo contains 10 units, with 8 currently leased and 2 vacant. One tenant has combined 4 units into a single space. Existing occupants include a restaurant, counseling center, home builder, and home staffing agency, creating a mix of commercial uses within the building. Construction dates to 1997, with stucco exterior walls, shingle roofing, carpet and varied flooring, electric heating, and central air conditioning.
The property is positioned on Technology Drive near exit 312 at Veteran’s Parkway, formerly identified as 40/42, with exposure to traffic traveling along I 40 E. It sits in a busy commercial area near the Wake and Johnston County line. Public water and public sewer serve the property, and commercial business zoning is in place.
The property is positioned on Technology Drive near exit 312 at Veteran’s Parkway, formerly identified as 40/42, with exposure to traffic traveling along I 40 E. It sits in a busy commercial area near the Wake and Johnston County line. Public water and public sewer serve the property, and commercial business zoning is in place.
Key Highlights
- 9,479‑square‑foot office condo with 10 total units
- 8 units are leased and 2 units are vacant
- One tenant has combined 4 units into one space
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
Office B
$2.00M
$1.75M – $2.33M
NOI $139,828 @ 7.0% cap · market cap 7.36%
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
10
Office units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
698
Businesses Nearby
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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
$325,600
Median Home Value
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Market
Average Price Trend$/SF for Office Units in Wake County, NC
Properties on Market for Office Units in Wake County
Vacancy Rate% for Office in South region
Frequently Asked Questions
What type of property is this?
Office unit - Commercial zoning supports a mixed office and retail configuration with public utilities and a combination of leased and vacant spaces.
Where is this office unit 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: 9,479‑square‑foot office condo with 10 total units; 8 units are leased and 2 units are vacant; One tenant has combined 4 units into one space
