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    Property profile & analytics
    OFF-MARKET Estimated value $10,290,000
    Medical Office Space

    101 Cary Pkwy, Cary, NC 27511-5562

    52,112 SF 5.43 ac lot Built 1986
    Entity Owned 3-yr Hold Free & Clear
    Property ID
    US53-1830623
    Property summary
    AI-generated overview

    This exceptional Class A medical office building, part of the Cary Medical Pavilion, offers 50,443 square feet of renovated space. Built in 1986 and extensively renovated in 2020, the three-story building features multiple tenancy options, ranging from 1,051 square feet to a maximum contiguous space of 18,011 square feet. Currently, there are three available spaces, with first-floor options available. The building boasts convenient access to major thoroughfares, including a prominent intersection between Downtown Cary and US-1/64 and Tryon Road, resulting in high visibility and approximately 28,000 vehicles per day. Its strategic location near WakeMed Cary Hospital and established residential neighborhoods ensures a strong patient base. The property benefits from its proximity to abundant amenities, with the Shoppes of Kildaire and Saltbox Village shopping centers conveniently located across Kildaire Farm Rd. The building includes elevators and is zoned OI in Wake County. This is a rare opportunity to secure high-quality medical office space in a thriving Cary location. The minimum divisible space is 1,051 square feet.

    Property profile
    Verified
    Property type Medical Office Space
    Use group MEDICAL BUILDING
    Year built 1986
    Construction BRICK
    Total area 52,112 SF
    Lot 5.43 ac (236,531 SF)
    Zoning code OIP
    APN 0763.18-30-9547 0099051
    UPID US53-1830623
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Dr. Win Bell, DDS Dental Office
    • Dr. Thomas L. Carson, DDS Dental Office
    • Dr. Samantha D. Baer, MD Pediatrician Medical Clinic
    • Christine Crews Physician
    • Dr. Deborah W. Bassett, MD Pediatrician Medical Clinic
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    $8.45M
    Comparable Approach Comparable
    $12.40M
    Blend (final) Blend
    $10.29M
    Owner & transaction history
    Flagship Cary Medical Pavilion LLC · 3 yrs held
    Flagship Cary Medical Pavilion LLC
    since 2022
    5 recorded transactions
    2022
    1969
    1969
    1969
    1969
    Zoning & alternative use
    OIP · Cary, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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