Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1085 Fenton Gtwy Dr Cary, NC 27511

    • Land
    For Lease
    View listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Land

    Property Details for 1085 Fenton Gtwy Dr

    Property type
    Land

    Description

    This exceptional retail pad sublease opportunity is located within Fenton, Cary's first vertically integrated mixed-use destination. The site offers a flexible footprint of up to 102,000 square feet, delivered pad-ready for immediate occupancy. Its strategic position benefits from high visibility and accessibility, situated between Interstate 40 (132,000 Average Annual Daily Traffic) and Maynard Road (16,500 AADT). Maynard Road serves as Cary's 8.54-mile ring road, ensuring excellent connectivity and exposure to a substantial customer base. The property is designated as a single-tenant retail pad in Wake County, North Carolina. This presents a unique chance to establish a prominent presence within a thriving, dynamic mixed-use development, benefiting from the synergy and foot traffic generated by Fenton's diverse offerings. The substantial traffic counts on both I-40 and Maynard Road guarantee significant visibility and accessibility for your business. The pad-ready condition allows for a swift and efficient setup, minimizing downtime and maximizing your return on investment. This is an unparalleled opportunity to secure a prime retail location in one of Cary's most sought-after developments.

    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
    -78.758
    Latitude
    35.7791

    Comparable in this City

    • Value Estimation by Request
      1.76 Acres

      Winston Hill Dr

      Land • 1.76 Acres
      0 Winston Hill Dr, Cary, NC 27511
      View Details
    • Value Estimation by Request
      0.94 Acres

      814 Chatham St

      Land • 0.94 Acres
      814 Chatham St, Cary, NC 27511
      View Details
    • Value Estimation by Request
      1.91 Acres

      Winston Hill Dr

      Land • 1.91 Acres
      0 Winston Hill Dr, Cary, NC 27511
      View Details
    • Value Estimation by Request

      212 Maynard Rd

      Land
      212 Maynard Rd, Cary, NC 27511
      View Details
    • Value Estimation by Request
      4.67 Acres

      128 Kilmayne Dr

      VACANT COMMERCIAL LAND • 4.67 Acres
      128 Kilmayne Dr, Cary, NC 27511-4465
      View Details
    • Value Estimation by Request
      0.06 Acres

      Cary Pkwy

      VACANT COMMERCIAL LAND • 0.06 Acres
      Cary Pkwy, Cary, NC 27511
      View Details

    Similar Nearby for Sale

    • $2,400,000
      1.91 Acres

      Searstone Commercial Land - Cary, NC

      1.91 acre pad-ready site, ideal for medical/office.
      0 Winston Hill Dr, Cary, NC 27511
      View Details
    • Contact for pricing
      27.25 Acres

      Downtown Cary Redevelopment Opportunity

      27-acre mixed-use land, prime location.
      607 Cedar St, Cary, NC 27511
      View Details
    • $2,350,000
      1.76 Acres

      Searstone Commercial Land - Cary, NC

      1.76-acre commercial lot, 88 parking spaces.
      0 Winston Hill Dr, Cary, NC 27511
      View Details
    • $1,375,000
      2.29 Acres

      Cary Parkway Land For Sale

      Land available along SW Cary Parkway suitable for various commercial uses.
      1016 Kilarney Ridge Loop, Cary, NC 27511
      View Details
    • $900,000

      Cary Land Parcel For Sale

      0.35 acre site near Kildaire Farm Road in Cary.
      120 Wrenn Dr, Cary, NC 27511
      View Details
    • New
      $525,000
      0.52 Acres

      Prime Lot Near Downtown Cary

      Half-acre lot near downtown Cary to build your dream home.
      111 E Cornwall Rd, Cary, NC 27511
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Fenton Retail Pad Sublease Opportunity

      High-traffic Cary location, pad-ready site.
      1085 Fenton Gtwy Dr, Cary, NC 27511
      View Details
    • $32 SF/Yr
      102,000 SF

      Downtown Cary Office Space For Lease

      Class A Office, 102,000 SF Available
      0 Walnut St, Cary, NC 27511
      View Details
    • $21 SF/Yr
      50,443 SF

      Cary Medical Office Suites

      Prime Cary location, renovated medical space
      101 Cary Pkwy, Cary, NC 27511
      View Details
    • Contact for pricing

      Fenton Mixed-Use Destination Pad

      Pad ready for sublease in Cary's Fenton Gateway.
      1085 Fenton Gtwy Dr, Cary, NC 27511
      View Details
    • $16 SF/Yr
      108,000 SF

      Prime Office Space in MacGregor Park

      9,963 SF Available Q2 2025
      500 Gregson Dr, Cary, NC 27511
      View Details
    • $36 SF/Yr
      63,554 SF

      Cary Medical Office Building

      Prime Cary location, multiple suites available.
      1505 Cary Pkwy, Cary, NC 27511
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1085 Fenton Gtwy Dr
    Cary, NC 27511
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!