527 Keisler Dr Ste 102, Cary, NC 27518

Building Details

Building Size 869 SF More

Year Built 1999 More

Construction brick More

Listing Agency: Lee & Associates - Raleigh Durham

Listed By: Hunter Stewart · License NC #271207 Show Phone

Source: Lee-associates

Added: Aug 8 Changed: Nov 10 Last Checked: Nov 10 at 7:48AM

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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 Lee & Associates - Raleigh Durham

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Investment Insights

Based on property information with market context.

Suite 102 is an 869 SF office condominium on the first floor of the Western Wake Office Center. Built in 1999, the space combines private offices with a reception area, conference room, kitchenette, and private restroom. The configuration supports a range of professional office operations while keeping service areas within the suite.

The property is located at 527 Keisler Dr in Cary, within a brick office park with mature landscaping and ample parking. Furniture may be available separately, subject to purchase terms. Its Cary location provides access throughout the Triangle.

Key Highlights

• 869 SF first‑floor office condominium
• Private offices, reception area, and conference room
• Kitchenette and private restroom within the suite

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$15,284

Cap Rate

5.01%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$305,680 $305.7K

Cap Rate 7%

$218,343 $218.3K

Cap Rate 9%

$169,822 $169.8K

Is this asking price fair?

Market Conditions

NOI Build-Up for 869 SF

Gross rent

$26.1K $30.00/SF

− Vacancy

−$5.7K −$6.55/SF

EGI

$20.4K $23.45/SF

− OpEx

−$5.1K −$5.86/SF

NOI

$15.3K $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%

$305,680

Cap Rate 7%

$218,343

Cap Rate 9%

$169,822

Alternative Uses

Best Use

Office B

$218.3K

$191.1K – $254.7K (±1% cap)

NOI $15,284 @ 7.0% cap · market cap 5.01%

Second Best

—

—

no second resolved use

Theoretical Best

Office A

$243.1K

$212.8K – $283.7K (±1% cap)

NOI $17,020 @ 7.0% cap · market cap 5.58%

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

Simpson Christin Physician Micro Plus Inc (Bike/Boat/Book/etc) Store Elizabeth Scott Your ... Real Estate Agency Wake Pediatric Speech ... Physician Christopher Weber, HomeSmart ... Real Estate Agency

Suggested Use

Top Pick Building Supply Auto Repair Shop Grocery & Convenience Store Daycare Center HVAC Service Furniture & Home Goods

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

1,779

Businesses Nearby

Explore this area Business Placement

Demographics for 27518, NC

21,807

Population

9,211

Households

2.4

Avg Household Size

43

Median Age

72%

College-Educated

97%

High-School Grad

9.9 sq mi

ZIP Area

2,203

Density / Sq Mi

$121,242

Median Household Income

$66,460

Median Earnings

$1,537

Median Rent

$594,900

Median Home Value

Market

Average Price Trend$/SF for Office Units in Cary, NC

$293 Jul

$299 Aug

$292 Sep

$289 Oct

Properties on Market for Office Units in Cary

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

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Frequently Asked Questions

What type of property is this?

Office unit - Efficient professional suite with private offices, conference space, kitchenette, and a dedicated restroom.

Where is this office unit located?

The property is located at 527 Keisler Dr Ste 102 Cary, NC.

What is the asking price?

The asking price for this property is $305,000.

What are key features of this property?

This property features: 869 SF first‑floor office condominium; Private offices, reception area, and conference room; Kitchenette and private restroom within the suite