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Property profile & analytics
OFF-MARKET Estimated value $22,480,000
Office buildings

110 Corning Rd Cary, NC 27518-9229

100,256 SF 9.89 ac lot Built 1994
Entity Owned 8-yr Hold Free & Clear
Property ID
US53-5597555
Property profile
Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1994
Construction BRICK
Total area 100,256 SF
Lot 9.89 ac (430,808 SF)
Zoning code OI
APN 0772.08-88-0949 0220202
UPID US53-5597555
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
  • Leslie Mason, MA Physician
  • Wake County Public School System High School Vocational School
  • WCPSS Crossroads II Corporate Office
  • Leslie Mason Physician
  • Alice E. Pohl, OTR Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$28.94M
Comparable Approach Comparable
$21.61M
Blend (final) Blend
$22.48M
Owner & transaction history
Raleigh Durham Office Ptrs LLC · 8 yrs held
Raleigh Durham Office Ptrs LLC
since 2018
7 recorded transactions
2021
Price N/A
2018
Price N/A
2018
Price N/A
2018
$68.0M
2008
Price N/A
2008
$56.8M
1969
Price N/A
Zoning & alternative use
OI · Cary, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

(I) OI: Office and Institutional District (J) GC: General Commercial District (K) CT: Walnut Street Corridor Transitional District (L) ORD: Office/Research and Development District (M) I: Industrial District (N) TC: Town Center District 4.3 CONDITIONAL USE DISTRICTS 4.3.1 Purpose and Intent 4.3.2 Districts Established (A) Residential Districts (B) Non-Reside…

Zone name Office And Institutional District
General category CIVIC_INSTITUTIONAL
Zone area 682.84 ac
Source 4.4.2 Mixed Use Overlay
Top alternative use upside
Medical building $34.5M +29.1%
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