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    101 Cary Pkwy Cary, NC 27511-5562
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    Property profile & analytics

    101 Cary Pkwy Cary, NC 27511-5562


    • Medical Office Space
    • 52,112 SF
    • 5.43 lot acres
    Off-Market
    Last Sale Sep 26, 2022
    Property ID
    US53-1830623
    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.

    Value Estimations
    $10,290,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by 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

    Property Details for 101 Cary Pkwy

    Year built
    1986
    Construction
    BRICK
    Lot size
    5.43 lot acres
    Property size
    52,112 SF
    Zone code
    OIP
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    0763.18-30-9547 0099051
    APU
    763183095470099051

    Description

    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.


    Value Estimations

    based on Realmo’s proprietary methodology
    • CAP approach

      CAP Return
      Estimation
      6%
      $9,155,000
      6.5%
      $8,450,000
      7%
      $7,845,000
    • Comparable approach

      Method
      Estimation
      AI Estimate
      $12,404,000
      Market price range: $3.43M - $19.1M

    Get a detailed, property-specific estimation — fast and free


    Location Insight

    • Map
    • Local Demand
    City
    Cary
    County
    Wake
    State
    North Carolina
    Longitude
    -78.7844
    Latitude
    35.7571
    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
    $126,668
    $2,365,310
    $10,276,245
    $12,641,555
    -
    $2,365,310
    $10,276,245
    $12,641,555
    More about this property
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