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    400 Ashville Ave Cary, NC 27518

    • Medical offices
    • 28,437 SF
    • 2.05 lot acres
    For Lease
    View listing
    $34 SF/Yr
    Value Estimation
    $11,570,000
    Last Sale
    Oct 01, 2021
    $10,000,000
    Location Intelligence
    Property ID
    US53-0817466
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Fleming Christopher MD / Ophthalmologist
    • Dr. Sameh K. Toma, MD / Fertility Physician
    • Arthritis Knee Pain Centers Cary / Medical Center / Pain Management Physician
    • Thomas M Howard, MD / Sports Medicine Physician
    • Care Pediatrics / Pediatrician

    Property Details for 400 Ashville Ave

    Year built
    1995
    Construction
    METAL FRAME
    Lot size
    2.05 lot acres
    Property size
    28,437 SF
    Zone code
    GCCU
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    0762.14-33-2469 0195507
    APU
    762143324690195507

    Description

    Triangle Medical Center, located at 400 Ashville Ave in Cary, NC 27518, offers a unique opportunity to lease medical office space in a thriving Wake County location. This three-story building, constructed in 1995, totals 30,492 square feet and features three individual suites. Currently, 6,367 square feet of space is available for lease, with individual suites ranging from a minimum of 1,421 square feet to a maximum contiguous space of 3,351 square feet. The building boasts ample parking, including both covered and surface options, providing convenient access for patients and staff. Its strategic location within Cary's medical district places it less than half a mile from WakeMed Cary Hospital and within a five-minute drive of the Waverly Place Shopping Center. This prime location offers exceptional convenience for both patients and employees, with numerous nearby dining and retail establishments. The building presents a fantastic opportunity for medical practices seeking a well-established and easily accessible location in a vibrant community. Interested parties should inquire about lease terms and availability for the available suites.

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $11,935,000

    • CAP approach

      CAP return
      Estimation
      6%
      $9,535,000
      6.5%
      $9,175,000
      7%
      $9,430,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $10,110,000
      Geo Method
      $11,345,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $9,435,000
      Retail
      $10,630,000
      Mixed-Use
      $10,545,000
      Hospitality
      $8,705,000
      Educational
      $8,165,000
      Residential Income
      $7,795,000
      Energy
      $9,070,000
      Income-Based Land
      $8,635,000
      Food Service
      $9,670,000

    Location Insight

    • Map
    • Local Demand
    City
    Cary
    County
    Wake
    State
    North Carolina
    Longitude
    -78.7868
    Latitude
    35.7376
    CBSA code
    39580
    CBSA name
    RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $61,583
    $1,607,364
    $4,538,596
    $6,145,960
    -
    $1,607,364
    $4,538,596
    $6,145,960

    Comparable in this City

    • Value Estimation by Request
      16,456 SF

      300 Keisler Dr

      MEDICAL BUILDING • 16,456 SF
      300 Keisler Dr, Cary, NC 27518-7083
      View Details
    • Value Estimation
      $380,000
      2,752 SF

      200 Ashville Ave

      MEDICAL BUILDING • 2,752 SF
      200 Ashville Ave, Cary, NC 27518-6659
      View Details
    • Value Estimation
      $290,000
      1,388 SF

      2703 Jones Franklin Rd Ste, Unit 101

      MEDICAL BUILDING • 1,388 SF
      2703 Jones Franklin Rd Ste, Cary, NC 27518-7172
      View Details
    • Value Estimation
      $335,000
      1,980 SF

      580 New Waverly Pl Ste, Unit 110

      MEDICAL BUILDING • 1,980 SF
      580 New Waverly Pl Ste, Cary, NC 27518-7406
      View Details
    • Value Estimation
      $340,000
      1,262 SF

      570 New Waverly Pl Ste, Unit 130

      MEDICAL BUILDING • 1,262 SF
      570 New Waverly Pl Ste, Cary, NC 27518-7405
      View Details
    • Value Estimation
      $6,880,000
      16,704 SF

      1000 Cres Grn

      MEDICAL BUILDING • 16,704 SF
      1000 Cres Grn, Cary, NC 27518-8116
      View Details

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    Similar Nearby for Lease

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    • $22 SF/Yr
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      Cary Medical Office Space for Lease

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      View Details
    • $34 SF/Yr
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      Cary Medical Office Building

      Prime Cary location, 7,097 SF available
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      Flexible Workspace Solutions in Cary, NC
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    400 Ashville Ave
    Cary, NC 27518
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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
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