Office Condo in Two-Story
For Sale
$275,000
200-101 Brady Ct, Cary, NC 27511
Well-appointed office condo with 24-hour access and ample surface parking in a two-story office building.
Property Size900 SF
Price / SF$305.56
Days on Market156
Property Features for 200-101 Brady Ct
General Information
Standard status
Active
Size
900 SF
Additional Details
Highway Access
Yes
Taxes and HOA fees
Annual Taxes
$1,221
Building Details
Stories
2
Listing Agency:
eXp Realty, LLC - C
(252) 801-1169
Listed By:
Shenita StClair · License #340707
(252) 801-1169
Source:
Exprealty
Added: Mar 18
Changed: Aug 20
Last Checked: Aug 20 at 12:06PM
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 eXp Realty, LLC - C
Investment Insights
Based on property information with market context.
Unit 200 at 101 Brady Ct is a well-appointed office condo within a two-story office building. The space is designed as professional offices and is offered as approximately 1,020 square feet of interior area. As part of an established office community, the unit is supported by shared amenities that support day-to-day business operations.
The property is located at 101 Brady Ct (Unit 200) in Cary, just off Kildaire Farm Road. The remarks also note convenient access to major highways, including quick access to I-440, with the surrounding area characterized by retail, dining, and business activity.
This configuration can fit a range of service-oriented and professional uses, including professional offices, startups, medical, or other service-based businesses looking for a dedicated office condo within a managed office community. The availability of ample surface parking, signage opportunities, and 24-hour access adds operational flexibility for both staff and clients, supporting consistent use without being limited to standard business hours.
The property is located at 101 Brady Ct (Unit 200) in Cary, just off Kildaire Farm Road. The remarks also note convenient access to major highways, including quick access to I-440, with the surrounding area characterized by retail, dining, and business activity.
This configuration can fit a range of service-oriented and professional uses, including professional offices, startups, medical, or other service-based businesses looking for a dedicated office condo within a managed office community. The availability of ample surface parking, signage opportunities, and 24-hour access adds operational flexibility for both staff and clients, supporting consistent use without being limited to standard business hours.
Key Highlights
- Approximately 1,020 SF office condo (Unit 200) in a two‑story office building
- Located just off Kildaire Farm Road with quick access to I‑440
- Part of an established office community with ample surface parking
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
$15,829
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
5.76%
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%
$316,580
$316.6K
Cap Rate 7%
$226,129
$226.1K
Cap Rate 9%
$175,878
$175.9K
Market Conditions
NOI Build-Up for 900 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
$27.0K $30.00/SF
− Vacancy
−$5.9K −$6.55/SF
EGI
$21.1K $23.45/SF
− OpEx
−$5.3K −$5.86/SF
NOI
$15.8K $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%
$316,580
Cap Rate 7%
$226,129
Cap Rate 9%
$175,878
Alternative Uses
Best Use
Office B
$226.1K
$197.9K – $263.8K
NOI $15,829 @ 7.0% cap · market cap 5.76%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$251.8K
$220.4K – $293.8K
NOI $17,628 @ 7.0% cap · market cap 6.41%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,783
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
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Frequently Asked Questions
What type of property is this?
Office units - Well-appointed office condo with 24-hour access and ample surface parking in a two-story office building.
Where is this office units located?
The property is located at 200-101 Brady Ct Cary, NC.
What is the asking price?
The asking price for this property is $275,000.
What are key features of this property?
This property features: Approximately 1,020 SF office condo (Unit 200) in a two‑story office building; Located just off Kildaire Farm Road with quick access to I‑440; Part of an established office community with ample surface parking
