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    500 Gregson Dr Cary, NC 27511

    Sponsored
    For Lease
    $16 SF/Yr

    9,963 SF Available Q2 2025

    Lot size:
    108,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 9,963 square foot office suite, located within the 108,000 square foot, single-story building at 500 Gregson Drive in Wake County, presents a unique opportunity. Situated on a picturesque 33-acre site in MacGregor Park, this property boasts ample parking for 1,200 vehicles. The building, constructed in 1988, offers a high-tech infrastructure, including dual-feed power from two separate primary feeders and multiple Sonet rings, ensuring optimal telephone and data transmission speed and capacity. This makes it ideally suited for a variety of uses, including call centers, data centers, training facilities, engineering firms, or network operations centers. Suite 170, available in the second quarter of 2025, is highly adaptable and subdividable to meet specific tenant needs. The convenient location within MacGregor Park provides easy access to numerous hotels, restaurants, banks, and daycare centers. Furthermore, additional land is available for build-to-suit options, offering potential for expansion or customized development. This property represents a rare opportunity to secure prime office space in a desirable location with exceptional amenities and infrastructure.

    Property Features for 500 Gregson Dr

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    108,000 SF
    Total Rate
    144000

    Building Details

    Year Built
    1988
    Stories
    1

    Unit(s) available at that property

    Space
    Suite 170
    Size
    9,963 SF
    Rate per SF
    $17

    HighLights

    • 108,000 SF single‑story office building in Wake County.
    • 9,963 SF of vacant space available in Suite 170, subdividable, ideal for call center or other uses.
    • Available Q2 2025.
    • 1,200 parking spaces.
    • Located in MacGregor Park with ample amenities.
    • High‑tech building with dual‑feed power and multiple Sonet rings.
    Property Profile Location Intelligence

    Current Use by Public Records

    American Airlines Federal ... Credit Union Arista Networks Inc. Software Company Sellware Internet Marketing Service Appraisal Nation Real Estate Appraiser Pepsi Bottling Ventures Corporate Office

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Cary
    County
    Wake
    State
    North Carolina
    Longitude
    -78.8149819
    Latitude
    35.7338798

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    FAQs

    What type of property is this?
    Office Property / Space - 9,963 SF Available Q2 2025
    Where is this office property / space located?
    The property is located at 500 Gregson Dr Cary, NC.
    What is the lease rate?
    The lease rate is $17 SF/Yr.
    What are key features of this property?
    This property features: 108,000 SF single-story office building in Wake County.; 9,963 SF of vacant space available in Suite 170, subdividable, ideal for call center or other uses.; Available Q2 2025.
    Request Owner's contact information
    500 Gregson Dr 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
    500 Gregson Dr Cary, NC 27511
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