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Property profile & analytics
FOR LEASE
Specialty properties
1400 Crescent Grn Green, Cary, NC 27518
Entity Owned
4-yr Hold
Free & Clear
Property ID
US53-4883626
For Lease
1 / 21
$14,365,000
1400 Crescent Grn,Unit Green, Cary, NC 27518
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Property summary
AI-generated overview
1400 Crescent Green in Cary, NC offers exceptional executive office suites within a four-story building totaling 50,069 square feet. Built in 2000, this property boasts a professional tenant mix and enjoys a prime location with convenient access to US-1 and Highway 64. Currently, there are two available suites, with a minimum divisible space of 1,747 square feet and a maximum contiguous space of 2,381 square feet, totaling 4,128 square feet of vacant space. The building features a total of two suites. Ample parking is provided with a ratio of 3.5 spaces per 1,000 square feet. This sun-filled building presents a fantastic opportunity for businesses seeking a prestigious and conveniently located office space in Wake County. The property is situated at 1400 Crescent Green, Cary, NC 27518.
Property profile
Verified
Property type
Specialty properties
Use group
SBE - SPECIAL ASSESSMENTS
Lot
3.39 ac (147,668 SF)
Zoning code
GCP
APN
0762.18-42-1440 0229617
UPID
US53-4883626
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
-
Jason L Harris The Triangle Mortgage Man Loan Service Bank
-
Edward Jones - Financial Advisor: Rob Larson, AAMS™|CRPC™ Financial Advisor
-
Karen Bruggers PA Dental Office Physician
-
Cary Prosthodontics Dental Office Physician
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Brandon Kofford Dental Office
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.98M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$14.37M
Owner & transaction history
Hr North Carolina LLC · 4 yrs held
Hr North Carolina LLC
since 2022
Last sale
$14.0M
1 recorded transaction
Zoning & alternative use
GCP · Cary, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Cary submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cary submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$15,100,000
ML approach
$9,975,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$14.37M
Range $12.93M – $15.80M · ±10% · vs last sale $14.00M (Jun 2 2022)
Last sale anchor
$14.00M
Jun 2 2022
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$85,413
Tax year 2023
Assessed value
$8,524,250
Assessed 2023
Previous assessed
$8,524,250
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$1,629,664
Assessed improvement
$6,894,586
Land market value
$1,629,664
Improvement market value
$6,894,586
Total market value
$8,524,250
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Specialty properties
Use group
SBE - SPECIAL ASSESSMENTS
Status
For Lease
Lot
3.39 ac (147,668 SF)
Zoning code
GCP
APN
0762.18-42-1440 0229617
UPID
US53-4883626
Jurisdiction
WAKE
Zoning & alternative use
GCP · Cary, NC
Zoning GCP · permitted uses
GCP · Cary, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cary. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Lot
3.39 ac
Current owner
From public records · entity-resolved
Hr North Carolina LLC
Entity
Free & Clear · 4 yrs held
Mailing address
PO BOX 92129, SOUTHLAKE, TX 76092-0102
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 2, 2022
$14,000,000
Hr North Carolina LLC
Crescent 1400 LLC
Special Warranty Deed
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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