Commercial Building in Developing
143 Technology Garner, NC 27529
143 Technology, Garner, NC, 27529
$1,200,000
Pending
For Sale
$1,200,000
Pending
Commercial building in a rapidly developing area available for purchase.
Property Size5,868 SF
Lot Size0.53 Acres
Days on Market274
Property Features for 143 Technology
General Information
- Standard status
- Pending
- Size
- 5,868 SF
- Lot size
- 0.53 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1996
Listing agency
NORTHSIDE REALTY INC.
(919) 784-0101
Listed by
TIP IULIUCCI · License #255763
Source
Corcoran
Added: Oct 21, 2025 Updated: Jul 6 at 10:30AM Checked: Jul 21 at 5:51AM
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 commercial building, currently housing a lighting store, presents a purchase opportunity in a rapidly developing area. The building will be vacant at closing. Situated adjacent to exit 312 (Veteran's Parkway, formerly known as 40/42) on I-40 E, the property benefits from high visibility to passing vehicles. The lot spans over 1/2 an acre and is located near a variety of businesses. The property size is 5868 square feet. The adjacent parcel at 141 Technology Drive is also available for purchase, and both parcels can be purchased together or separately. The property is located in Garner, NC.
Key Highlights
- High‑visibility location adjacent to I‑40 E (Exit 312) with significant daily traffic.
- Commercial building in a rapidly developing area.
- Building will be vacant at closing.
Local Financial Insights For Retail
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 | $158.4k | $27.00 |
| − Vacancy | −$9.7k | −$1.65 |
| EGI | $148.7k | $25.35 |
| − OpEx | −$44.6k | −$7.60 |
| NOI | $104.1k | $17.74 |
5,868 SF · lease $27.00/SF/yr · vacancy 6.12% · expense 30.00%
Alternative Uses
Best Use
Retail
$1.49M
$1.30M – $1.74M
NOI $104,118 @ 7.0% cap · market cap 8.68%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.68M
$1.47M – $1.95M
NOI $117,282 @ 7.0% cap · market cap 9.77%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
University Lights
(Bike/Boat/Book/etc) Store
Similar For Sale Nearby
Similar Off Market Nearby
- Cleveland Flowers & Gifts Inc — 5533 hwy 42 w, b44, garner, nc 27529
FAQs
What type of property is this?
Storefront property - Commercial building in a rapidly developing area available for purchase.
Where is this storefront property located?
The property is located at 143 Technology Garner, NC.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: High‑visibility location adjacent to I‑40 E (Exit 312) with significant daily traffic.; Commercial building in a rapidly developing area.; Building will be vacant at closing.
