232 High House Road, Cary, NC 27513

Building Details

Building Size 7,230 SF More

Year Built 1993 More

Listing Agency: Keller Williams Realty

Listed By: Paulina Bohorquez · License #222259 Show Phone

Source: Dustinbennett

Added: Sep 17 Changed: Nov 7 Last Checked: Nov 8 at 12:21PM

Report an Issue

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 Keller Williams Realty

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This 7,230-square-foot office building was constructed in 1993 on a 1.05-acre parcel. OICU zoning supports medical, professional office, and institutional uses, providing flexibility for a range of office-oriented occupants. The property also includes parking that exceeds standard requirements.

Located at 232 High House in Cary, the building fronts a high-traffic corridor serving approximately 9,000 vehicles per day. Its setting in West Cary places the property within Wake County and the Cary Triangle market.

Key Highlights

• 7,230‑square‑foot office building constructed in 1993
• 1.05‑acre parcel at 232 High House, Cary, NC 27513
• OICU zoning supports medical, professional office, and institutional uses

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$127,163

Cap Rate

6.06%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$2,543,260 $2.5M

Cap Rate 7%

$1,816,614 $1.8M

Cap Rate 9%

$1,412,922 $1.4M

Is this asking price fair?

Market Conditions

NOI Build-Up for 7,230 SF

Gross rent

$216.9K $30.00/SF

− Vacancy

−$47.3K −$6.55/SF

EGI

$169.6K $23.45/SF

− OpEx

−$42.4K −$5.86/SF

NOI

$127.2K $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 Rate 5%

$2,543,260

Cap Rate 7%

$1,816,614

Cap Rate 9%

$1,412,922

Alternative Uses

Best Use

Office B

$1.82M

$1.59M – $2.12M (±1% cap)

NOI $127,163 @ 7.0% cap · market cap 6.06%

Second Best

Healthcare Medical

$1.09M

$952.6K – $1.27M (±1% cap)

NOI $76,210 @ 7.0% cap · market cap 3.63%

Theoretical Best

Office A

$2.02M

$1.77M – $2.36M (±1% cap)

NOI $141,609 @ 7.0% cap · market cap 6.74%

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

Open Analytics

Current Use

Virginia C. Tysinger, ... Physician Ardale L. Beer, ... Foster Care Service Stephanie Ehrlich Seitz Foster Care Service I carman Electronics & Wireless Store

Suggested Use

Top Pick Law Firm Real Estate Agency Electrical Service Bakery Grocery & Convenience Store Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

457

Businesses Nearby

Explore this area Business Placement

Demographics for 27513, NC

46,526

Population

21,204

Households

2.2

Avg Household Size

39

Median Age

68%

College-Educated

97%

High-School Grad

16.4 sq mi

ZIP Area

2,837

Density / Sq Mi

$119,458

Median Household Income

$66,584

Median Earnings

$1,491

Median Rent

$468,300

Median Home Value

Market

Average Price Trend$/SF for Office buildings in Wake County, NC

$248 Jul

$308 Aug

$344 Sep

$291 Oct

Properties on Market for Office buildings in Wake County

Jul

Aug

Sep

Oct

Vacancy Rate% for Office in South region

14.4% 2019

16.4% 2020

17.3% 2021

18% 2022

18.6% 2023

20.3% 2024

20.2% 2025

Similar For Sale Nearby

See more

Cary Lab Condo For Sale

100 Parkway Office Court, Cary, NC 27518

$1,900,000

4,800 SF

View details

Standalone Office Building

401 E Chatham Street, Cary, NC 27511

Contact for pricing

1,563 SF

View details

Class A Medical Office Development

115 Kildaire Park Dr., Cary, NC 27518

Contact for pricing

87,000 SF

View details

Cary Office Building For Sale

6501 Weston Parkway, Cary, NC 27513

Contact for pricing

View details

Two-Suite Office Units

221-223 Commonwealth Court, Cary, NC 27511

Contact for pricing

View details

Freestanding Office Building

200 Commonwealth Court, Cary, NC 27511

Contact for pricing

View details

Multi-Tenant Flex Building

101 Towerview Ct, Cary, NC 27513

$2,950,000

View details

New Retail Strip Center ForSale

947 West Chatham Street, Cary, NC 27511

Contact for pricing

7,920 SF

View details

Ground-Level Office Unit

120 Preston Executive Dr Ste 101, Cary, NC 27513

$1,195,000

2,932 SF

View details

Cary Office Condo For Sale

135 Parkway Office Ct |, Cary, NC 27518

$981,000

View details

Multi-Office Condo

220 Towne Village Dr, Cary, NC 27513

$915,000

2,656 SF

View details

Tenant-Occupied Duplex Property

110 Misty Court, Cary, NC 27513

$525,000

2,610 SF

View details

Frequently Asked Questions

What type of property is this?

Office building - Professional office property with OICU zoning and access to a high-traffic Cary corridor.

Where is this office building located?

The property is located at 232 High House Road Cary, NC.

What is the asking price?

The asking price for this property is $2,100,000.

What are key features of this property?

This property features: 7,230‑square‑foot office building constructed in 1993; 1.05‑acre parcel at 232 High House, Cary, NC 27513; OICU zoning supports medical, professional office, and institutional uses