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    1225 Crescent Grn Cary, NC 27518

    Sponsored
    For Lease
    $30 SF/Yr

    Cary, NC Executive Suites Available

    Lot size:
    109,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    407
    This exceptional Class A office building, Crescent Lakeside I, offers 109,000 square feet of prime executive office space in Cary, NC. Located at 1225 Crescent Green, 27518, this three-story brick and glass structure boasts a beautifully landscaped plaza with outdoor seating. The building features five suites, with spaces ranging from 1,751 to 37,172 contiguous square feet, and a significant 98,641 square feet currently available. Built in 2001, the property provides ample parking with 772 spaces, including a substantial number of covered spots (a ratio of four spaces per 1,000 square feet). On-site amenities include vending machines, an express mail drop, showers, and convenient access to a fitness center located in the adjacent Crescent Lakeside II building. The strategic location within the thriving Crescent multi-use business park offers unparalleled convenience, situated south of Tryon Road, between Kildaire Farm Road and Regency Parkway. Enjoy proximity to a wealth of amenities including shopping, banking, hotels, restaurants, a fitness center, and diverse housing options all within a one-mile radius. Excellent access to Wake Med Cary Hospital and major roadways, including US Highways 1 and 64, ensures seamless connectivity to Interstates 40, 440, and 540. This is an unparalleled opportunity to secure prestigious office space in a highly desirable location.

    Property Features for 1225 Crescent Grn

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    109,000 SF
    Class
    A
    Total Rate
    274770.83

    Building Details

    Year Built
    2001
    Stories
    3

    Unit(s) available at that property

    Space
    Entire Third Floor Suite 300
    Size
    37,065 SF
    Rate per SF
    $30
    Space
    First Floor Suite 100
    Size
    2,020 SF
    Rate per SF
    $30
    Space
    Suite 200 & 250
    Size
    2,863 SF
    Rate per SF
    $30
    Space
    First Floor Suites 120 & 125
    Size
    20,633 SF
    Rate per SF
    $30
    Space
    First Floor Suite 110
    Size
    1,751 SF
    Rate per SF
    $30

    We can help!

    Listing Contact
    Bret Muller

    Learn more

    Property Insight Report

    HighLights

    • 109,000 SF Class A office building in Cary, NC.
    • Three‑story brick and glass building with five suites ranging from 1,751 to 37,172 contiguous SF, 98,641 SF currently available.
    • Ample parking (772 spaces, 4/1000 SF ratio), including covered spaces.
    • On‑site amenities include vending machines, an express mail drop, and showers; adjacent fitness center.
    • Excellent location in Crescent business park, near shopping, dining, hotels, and major roadways (US‑1, US‑64, I‑40, I‑440, I‑540).
    Property Profile Location Intelligence

    Current Use by Public Records

    BlueAlly Technology Solutions Information Services Crescent Lakeside Commercial Real Estate Agency BlueAlly Corporate Office PrecisionLender Software Company R & M Computer ... Computer Consultant

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Cary
    County
    Wake
    State
    North Carolina
    Longitude
    -78.7852864
    Latitude
    35.7316409

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    FAQs

    What type of property is this?
    Office Property / Space - Cary, NC Executive Suites Available
    Where is this office property / space located?
    The property is located at 1225 Crescent Grn Cary, NC.
    What is the lease rate?
    The lease rate is $30 SF/Yr.
    What are key features of this property?
    This property features: 109,000 SF Class A office building in Cary, NC.; Three-story brick and glass building with five suites ranging from 1,751 to 37,172 contiguous SF, 98,641 SF currently available.; Ample parking (772 spaces, 4/1000 SF ratio), including covered spaces.
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    1225 Crescent Grn Cary, NC 27518
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    Cary, NC 27518
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1225 Crescent Grn Cary, NC 27518
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    We can help!
    Listing Contact
    Bret Muller
    Real Estate License ID: NC 173332
    Learn more
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