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Research and Development Flex Facility
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301 Gregson Drive, Cary, NC 27511

Single-tenant facility supporting engineering, product development, and operational functions for an established video technology company.

Property Size33,232 SF
Days on Market117

Property Features for 301 Gregson Drive

General Information

Standard status Active
Size 33,232 SF
Net Rentable 33,232 SF
Property subtype Office, Industrial

Additional Details

Highway Access Yes

Building Details

Buildings 1
Building Size 33,232 SF
Listing Agency: Trinity Partners Raleigh
Listed By: Mark Alviano · License #NC 235953
Source: Crexi
Added: May 6 Changed: Aug 30 Last Checked: Aug 30 at 9:18AM

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 Trinity Partners Raleigh

Investment Insights

Based on property information with market context.

The 33,232-rentable-square-foot flex facility serves as the engineering, product development, and operational headquarters for SmallHD, a company focused on professional video monitors and software. The property is configured as a mission-critical research and development facility with minimal landlord responsibilities and an existing lease extending through October 2029.

Located within MacGregor Park in Cary, North Carolina, the property sits near the junction of U.S. Highway 1 and U.S. Highway 64. Its current use combines office, engineering, product development, and operational functions within one commercial facility, providing an established platform for the occupying business.

Key Highlights

  • 33,232 rentable square feet of flex space
  • Research and development facility serving engineering, product development, and operations
  • Occupied by SmallHD as its headquarters

Property Analytics

Current Use

SmallHD Factory Exceed Education Vocational School

Suggested Use

Top Pick Dental Office Building Supply Restaurant Kitchen & Bath Showroom Storage Facility Big Box & Wholesale Store

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

Lease Details

Yes
Highway access

Location Intelligence

Trade Area within ½ mile

642
Businesses Nearby
Balanced
Demand for This Use

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

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Similar Off Market Nearby

  • Donovan's Dish - Take Out Market 107 Edinburgh S Dr #131, Cary, NC 27511

Frequently Asked Questions

What type of property is this?
Flex space - Single-tenant facility supporting engineering, product development, and operational functions for an established video technology company.
Where is this flex space located?
The property is located at 301 Gregson Drive Cary, NC.
What are key features of this property?
This property features: 33,232 rentable square feet of flex space; Research and development facility serving engineering, product development, and operations; Occupied by SmallHD as its headquarters
More about this property
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