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    222 Ashville Ave Cary, NC 27518

    Sponsored
    For Lease
    $24 SF/Yr

    17,424 SF Medical Office, Fully Vacant

    Lot size:
    17,424 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    The Medical Park 222, located at 222 Ashville Ave in Cary, NC 27518, presents a unique opportunity for medical professionals. This single-tenant, 17,424 square foot building offers complete flexibility for a new practice or expansion. Constructed in 1994, the three-story building is situated on WakeMed Cary Hospital's campus, providing unparalleled convenience and visibility. The property's prime location offers a short, three-minute walk to the hospital, ensuring easy access for patients and staff. The entire building is currently vacant, presenting a blank canvas for a customized medical office space. With its substantial square footage and strategic location within a thriving medical hub in Wake County, North Carolina, this property represents a significant investment opportunity. The building's 1994 construction offers the potential for modern renovations and upgrades to meet the needs of a contemporary medical practice. The single-tenant occupancy simplifies management and allows for a cohesive design tailored to a specific medical practice's requirements. This exceptional property offers a rare chance to establish a prominent medical presence within a high-demand area. The address is easily accessible, and the proximity to WakeMed Cary Hospital provides a significant advantage in attracting patients and building a successful practice.

    Property Features for 222 Ashville Ave

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    17,424 SF
    Total Rate
    34848

    Building Details

    Year Built
    1994
    Stories
    3

    Unit(s) available at that property

    Space
    Suites 10 & 20
    Size
    17,424 SF
    Rate per SF
    $24

    HighLights

    • On‑site property management and maintenance.
    • Excellent location near restaurants and hotels.
    • Convenient access to major highways: I‑40, US‑64, US‑1, and I‑440 Beltline.
    Property Profile Location Intelligence

    Current Use by Public Records

    Mark Mikles Orthopedic Surgeon Anais Lauren Klein ... Nurse Practitioner Kristopher Decker General Practitioner Dr. Chiavetta Doctor Stefan Maksymiw Physical Therapist

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Cary
    County
    Wake
    State
    North Carolina
    Longitude
    -78.7852061
    Latitude
    35.7403728

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    FAQs

    What type of property is this?
    Medical office - 17,424 SF Medical Office, Fully Vacant
    Where is this medical office located?
    The property is located at 222 Ashville Ave Cary, NC.
    What is the lease rate?
    The lease rate is $24 SF/Yr.
    What are key features of this property?
    This property features: On-site property management and maintenance.; Excellent location near restaurants and hotels.; Convenient access to major highways: I-40, US-64, US-1, and I-440 Beltline.
    Request Owner's contact information
    222 Ashville Ave Cary, NC 27518
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    Cary, NC 27518
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    Realmo Value Estimation

    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.

    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.

    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
    222 Ashville Ave Cary, NC 27518
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