Cary Office Condo For
135 Parkway Office Ct Cary, NC 27518
135 Parkway Office Ct, Cary, NC, 27518
Contact for pricing
For Sale
Contact for pricing
2,616 SF office condo in Parkway Professional Park.
Property Size2,616 SF
Price / SF$375
Days on Market615
Property Features for 135 Parkway Office Ct
General Information
- Standard status
- Active
- Size
- 2,616 SF
- Property subtype
- Office
Building Details
- Year Built
- 2007
Listing agency
Lee & Associates - Raleigh Durham
(910) 783-6399
Listed by
Russell Stewart · License #NC
Source
Crexi
Added: Nov 13, 2024 Updated: Jul 6 at 8:17AM Checked: Jul 17 at 1:07PM
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
Investment Insights
Based on property information with market context.
A 2,616 SF office condo is available for sale in the Parkway Professional Park in Cary, North Carolina. The property benefits from full access to SE Cary Parkway and is located near the US Hwy 1/US 64 Hwy interchange. Its location offers proximity to WakeMed Cary Hospital, Waverly Place Shopping Center, and downtown Cary.
Key Highlights
- Prime location with full access to SE Cary Parkway.
- Convenient proximity to US Hwy 1/US 64 Hwy interchange.
- 2,616 SF office condo suitable for various business needs.
Local Financial Insights For Office B
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $78.5k | $30.00 |
| − Vacancy | −$17.1k | −$6.55 |
| EGI | $61.3k | $23.45 |
| − OpEx | −$15.3k | −$5.86 |
| NOI | $46.0k | $17.59 |
2,616 SF · lease $30.00/SF/yr · vacancy 21.83% · expense 25.00%
Alternative Uses
Best Use
Office B
$657.3K
$575.1K – $766.9K
NOI $46,011 @ 7.0% cap · market cap 4.69%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$732.0K
$640.5K – $854.0K
NOI $51,238 @ 7.0% cap · market cap 5.22%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
ASPIRAR PHARMACY
Pharmacy
Edward Jones - Financial ...
Financial Advisor
Cary Smiles: Rahee ...
Dental Office
Aspirar Health
Medical Laboratory
Aspirar Medical Lab
Medical Laboratory
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FAQs
What type of property is this?
Office units - 2,616 SF office condo in Parkway Professional Park.
Where is this office units located?
The property is located at 135 Parkway Office Ct Cary, NC.
What is the asking price?
The asking price for this property is $981,000.
What are key features of this property?
This property features: Prime location with full access to SE Cary Parkway.; Convenient proximity to US Hwy 1/US 64 Hwy interchange.; **2,616 SF office condo suitable for various business needs.**
