Office Condo with Keyless
For Sale
$345,000
C-107 Fountain Brook Cir, Cary, NC 27511
Well-finished office condo configured as two mini suites connected by a central room with keyless entry.
Property Size1,078 SF
Price / SF$320.04
Days on Market77
Property Features for C-107 Fountain Brook Cir
General Information
Standard status
Active
Size
1,078 SF
Listing Agency:
Fathom Realty NC
(919) 297-8778
Listed By:
Tiffany Alexy
(919) 297-8778
Source:
Exprealty
Added: May 22
Changed: Jul 10
Last Checked: Jul 31 at 12:08PM
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 Fathom Realty NC
Investment Insights
Based on property information with market context.
This office condo is turnkey and finished with LVP floors, coffered ceiling tiles, fresh paint, and keyless entry. The space is currently configured as two separate mini suites that connect through a central conference room, which is being used for storage at present. Each mini suite includes a lobby area with a kitchenette and a separate large office room with its own door.
Restrooms are located just outside the unit, providing convenient access for occupants and visitors. The property is positioned within about 1 mile of downtown Cary and Fenton, with nearby dining and shopping options, and it is described as low maintenance with exterior and landscaping taken care of.
Designed for solo professionals, small teams, and operators who want flexible, suite-style space, the layout supports individual use while maintaining a connection through the central area. The existing two-suite configuration with lobbies and private office rooms can also be useful for co-working or office-sharing arrangements, depending on how you plan to run the space.
Restrooms are located just outside the unit, providing convenient access for occupants and visitors. The property is positioned within about 1 mile of downtown Cary and Fenton, with nearby dining and shopping options, and it is described as low maintenance with exterior and landscaping taken care of.
Designed for solo professionals, small teams, and operators who want flexible, suite-style space, the layout supports individual use while maintaining a connection through the central area. The existing two-suite configuration with lobbies and private office rooms can also be useful for co-working or office-sharing arrangements, depending on how you plan to run the space.
Key Highlights
- Office condo configured as two separate mini suites connected by a central conference room
- Each mini suite has a lobby area with kitchenette and a separate large office room with a door
- Keyless entry and interior updates include LVP floors, coffered ceiling tiles, and new paint
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$18,960
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
5.50%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$379,200
$379.2K
Cap Rate 7%
$270,857
$270.9K
Cap Rate 9%
$210,667
$210.7K
Market Conditions
NOI Build-Up for 1,078 SF
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.
Gross rent
$32.3K $30.00/SF
− Vacancy
−$7.1K −$6.55/SF
EGI
$25.3K $23.45/SF
− OpEx
−$6.3K −$5.86/SF
NOI
$19.0K $17.59/SF
Area
Cary, NC
Vacancy
21.83%
Lease Rate
$30.00 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$379,200
Cap Rate 7%
$270,857
Cap Rate 9%
$210,667
Alternative Uses
Best Use
Office B
$270.9K
$237.0K – $316.0K
NOI $18,960 @ 7.0% cap · market cap 5.50%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$301.6K
$263.9K – $351.9K
NOI $21,114 @ 7.0% cap · market cap 6.12%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
1,572
Businesses Nearby
Explore this area
Business Placement
Demographics for 27511, NC
32,786
Population
14,359
Households
2.3
Avg Household Size
42
Median Age
58%
College-Educated
93%
High-School Grad
11.7 sq mi
ZIP Area
2,802
Density / Sq Mi
$104,072
Median Household Income
$50,778
Median Earnings
$1,436
Median Rent
$416,600
Median Home Value
Market
Vacancy Rate% for Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Well-finished office condo configured as two mini suites connected by a central room with keyless entry.
Where is this office units located?
The property is located at C-107 Fountain Brook Cir Cary, NC.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: Office condo configured as two separate mini suites connected by a central conference room; Each mini suite has a lobby area with kitchenette and a separate large office room with a door; Keyless entry and interior updates include LVP floors, coffered ceiling tiles, and new paint
