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    1255 Crescent Grn Cary, NC 27518
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    1255 Crescent Grn, Cary, NC 27518

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    • Office Spaces
    • 146,000 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Community Care of North Carolina, Inc. / Physician
    • Senior Resource Alliance of the Triangle / Association / Organization
    • FedEx Drop Box / Postal Service / Courier Service
    • Cary Keisler Inc / Construction Company / General Contractor
    • PlanWell Legal / Law Firm

    Property Details for 1255 Crescent Grn

    Year built
    2008
    Property type
    Office Spaces
    Property subtype
    Office Units

    Description

    Crescent Lakeside II offers exceptional Class A executive office space in Cary's desirable Crescent business park. This four-story, 146,000 square foot building, constructed in 2008, boasts a striking brick and glass exterior. Two suites are currently available, ranging from 4,811 to 20,972 contiguous square feet, with a total of 25,783 square feet currently vacant. The building features a beautifully landscaped plaza with outdoor seating, enhancing the professional atmosphere. On-site amenities include vending machines, an express mail drop, showers, and a first-class fitness center, catering to the needs of tenants and employees. Located south of Tryon Road, between Kildaire Farm Road and Regency Parkway, Crescent Lakeside II benefits from its strategic location within the thriving Crescent multi-use business park. This vibrant community offers a wealth of conveniences within a one-mile radius, including shopping, banking, hotels, restaurants, a Lifetime Fitness facility, and diverse housing options. Excellent accessibility is ensured by proximity to WakeMed Cary Hospital and US Highways 1 and 64, providing quick connections to Interstates 40, 440, and 540. Ample parking is available with 772 spaces. This property presents a unique opportunity for businesses seeking a prestigious and well-appointed office environment in a highly convenient location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Cary
    County
    Wake
    State
    North Carolina
    Longitude
    -78.7854
    Latitude
    35.7312

    Comparable in this City

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      47.41 Acres

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      91,227 SF

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      279,454 SF

      11000 Regency Pkwylh

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      $4,330,000
      28,801 SF

      150 Pkwy Ofc Ct

      MEDICAL BUILDING
      150 Pkwy Ofc Ct, Cary, NC 27518-7439
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    • Value Estimation by Request
      478 SF

      511 Keisler Dr Ste, Unit 104

      OFFICE BUILDING
      511 Keisler Dr Ste, Cary, NC 27518-7096
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      47.41 Acres

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    Similar Nearby for Lease

    • $15 SF/Yr
      10,627 SF

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      Office space available for sublease in Regency Office Park.
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      76,316 SF

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      Office space in a convenient Cary location with amenities.
      1200 Crescent Grn, Cary, NC 27518
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      11,440 SF

      Office Space in Regency Park

      Office space for rent in Cary's Regency Park.
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      4,986 SF

      Cary Office Space Available

      4,986 SF office space for lease in Cary, NC.
      3300 Regency Pkwy, Cary, NC 27518
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      Class A Office Suites Available

      First-floor office suites for lease in Southeast Cary.
      5640 Dillard Dr, Cary, NC 27518
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      10,925 SF

      Cary Office Space Available

      Office space available for rent in Cary, North Carolina.
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    Cary, NC 27518
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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