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    201 Commonwealth Ct Cary, NC 27511

    For Sale
    $3,295,350

    Multi-tenant office building, 14,646 SF, Cary, NC

    Property size:
    14,646 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional value-add investment opportunity presents a two-story, 14,646 square foot multi-tenant office building located at 201 Commonwealth Court in Cary, North Carolina. Built in 1986, this Class B property sits on a 1.11-acre lot and offers a generous 3.5 parking spaces per 1,000 square feet. The asking price is $3,295,350, translating to $225 per square foot. The building is zoned OI (Office Institutional) and enjoys a convenient location within a quiet office park, offering easy access to major thoroughfares including Kildaire Farm Road, Cary Parkway, Maynard Road, and US 1/US 64 Highway. Its strategic location provides proximity to a wide array of restaurants, retail establishments, and other amenities. This multi-tenant building presents a compelling opportunity for investors seeking a strong return in a desirable Cary location. The property's size and parking ratio make it attractive to a variety of tenants. This is a rare chance to acquire a well-situated office building with significant upside potential.

    Property Features for 201 Commonwealth Ct

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    14,646 SF
    Class
    B
    Lot Size
    48,352 SF

    Building Details

    Year Built
    1986
    Buildings
    1
    Stories
    2

    HighLights

    • Quiet office park setting.
    • Ample parking with a 3.5/1,000 ratio.
    • Excellent location off Kildaire Farm Road, providing easy access to major thoroughfares.
    • Close proximity to a variety of restaurants and retail options.
    • 14,646 square foot multi‑tenant building.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    8Seasons Bead Wholesaler Padia Consulting Inc Engineer Carolina Family Estate ... Law Firm Visual Properties, LLC Video Production Service Triangle Funding, LLC Investment Company

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage 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
    -78.78444446
    Latitude
    35.76757739

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    FAQs

    What type of property is this?
    Office Property / Space - Multi-tenant office building, 14,646 SF, Cary, NC
    Where is this office property / space located?
    The property is located at 201 Commonwealth Ct Cary, NC.
    What is the asking price?
    The asking price for this property is $3,295,350.
    What are key features of this property?
    This property features: Quiet office park setting.; Ample parking with a 3.5/1,000 ratio.; Excellent location off Kildaire Farm Road, providing easy access to major thoroughfares.
    Request Owner's contact information
    201 Commonwealth Ct Cary, NC 27511
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    Cary, NC 27511
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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
    201 Commonwealth Ct Cary, NC 27511
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