Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    300 Ashville Ave Cary, NC 27518

    Property Lookup

    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    300 Ashville Ave Cary, NC 27518

    View on Map
    • Medical Office Space
    • 62,464 SF
    • 0.74 lot acres
    For Lease
    $8,550,000
    View Listing →
    Medical Office Space Near WakeMed For Lease
    $8,550,000
    62,464 SF

    Medical Office Space Near WakeMed

    Three-story medical office building adjacent to WakeMed Cary Hospital.

    300 Ashville Ave, Cary, NC 27518
    View Listing
    Property ID
    US53-0515769
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Wake Radiology UNC REX Healthcare - Cary Breast Center / Physician / Medical Clinic
    • Robert Mchale / Physician
    • Cary Dental Studio / Dental Office
    • Lisa C. Sacco, Psy.D., PLLC / Physician / Medical Clinic
    • Duke Cancer Center Cary Radiation Oncology / Medical Clinic / Hospital

    Property Details for 300 Ashville Ave

    Year built
    1998
    Construction
    BRICK
    Lot size
    0.74 lot acres
    Property size
    62,464 SF
    Zone code
    GCCU
    Property type
    Medical Office Space
    Property subtype
    Medical centers
    APN
    0762.14-34-5273 0269806
    APU
    762143452730269806

    Description

    The Medical Park 300, located at 300 Ashville Ave in Cary, NC 27518, presents a unique opportunity within Wake County's thriving medical community. This three-story, 62,464 square foot medical office building was constructed in 1998 and offers immediate access to Cary's WakeMed Campus. The building currently houses a diverse range of medical professionals and specialists, establishing a strong existing medical presence. Two suites are currently available, providing flexible space options. The minimum divisible space is 3,507 square feet, while the maximum contiguous space available is 3,590 square feet. A total of 7,097 square feet of vacant space is ready for immediate occupancy. This prime location in Cary's medical hub offers excellent visibility and accessibility, making it an ideal setting for medical practices seeking expansion or relocation. The building's strategic placement ensures convenient access for patients and staff alike. This is an exceptional opportunity to establish or expand your medical practice in a high-demand area with a well-established medical presence. Contact us today to learn more about this exceptional property and its potential.

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $10,975,000
      6.5%
      $10,130,000
      7%
      $9,405,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $5,913,000
      Market price range: $2.64M - $12.0M

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

    Location Insight

    • Map
    • Local Demand
    City
    Cary
    County
    Wake
    State
    North Carolina
    Longitude
    -78.7858
    Latitude
    35.7398
    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
    $100,222
    $522,191
    $9,479,968
    $10,002,159
    -
    $522,191
    $9,479,968
    $10,002,159

    Comparable in this City

    • Value Estimation
      $20,795,000
      134,040 SF

      210 Ashville Ave

      MEDICAL BUILDING • 134,040 SF
      210 Ashville Ave, Cary, NC 27518-6600
      View Details
    • Value Estimation
      $5,880,000
      33,814 SF

      1110 Cary Pkwy

      MEDICAL BUILDING • 33,814 SF
      1110 Cary Pkwy, Cary, NC 27518-7420
      View Details
    • Value Estimation
      $1,450,000
      12,070 SF

      1001 Cres Grn

      MEDICAL BUILDING • 12,070 SF
      1001 Cres Grn, Cary, NC 27518-8101
      View Details
    • Value Estimation
      $1,560,000
      12,378 SF

      251 Keisler Dr, Unit MC

      MEDICAL BUILDING • 12,378 SF
      251 Keisler Dr, Cary, NC 27518-7091
      View Details
    • Value Estimation
      $1,405,000
      5,900 SF

      226 Ashville Ave

      MEDICAL BUILDING • 5,900 SF
      226 Ashville Ave, Cary, NC 27518-6660
      View Details
    • Value Estimation by Request
      485 SF

      523 Keisler Dr Ste, Unit 201

      MEDICAL BUILDING • 485 SF
      523 Keisler Dr Ste, Cary, NC 27518-7099
      View Details

    Similar Nearby for Sale

    • $810,000

      Cary Medical Condo For Sale

      Turnkey medical condo in Cary's premier medical district.
      251 Keisler Dr, Cary, NC 27518
      View Details
    • $2,000,000

      Cary Lab Condo For Sale

      4,800 SF lab condo in Parkway Professional Park.
      100 Parkway Office Ct, Cary, NC 27518
      View Details
    • Contact for pricing

      Class A Medical Office Development

      Medical office development near WakeMed Cary Hospital.
      115 Kildaire Park Dr, Cary, NC 27518
      View Details
    • Contact for pricing
      2,616 SF

      Cary Office Condo For Sale

      2,616 SF office condo in Parkway Professional Park.
      135 Parkway Office Ct, Cary, NC 27518
      View Details
    • Contact for pricing
      47.41 Acres

      Cary Mixed-Use Development Land

      47 Acres, Prime Cary Location
      8200 Regency Pkwy, Cary, NC 27518
      View Details
    • $663,740
      1,724 SF

      Move-in Ready Office Condo

      Well-maintained office condo ideal for professional or administrative use.
      2703 Jones Franklin Rd, Cary, NC 27518
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Iconic Medical Office Building

      Three-story office building in Cary's thriving medical district.
      400 Ashville Ave, Cary, NC 27518
      View Details
    • Contact for pricing

      Medical Office Space Available

      Two-story Class B medical office building in Cary's medical hub.
      1110 SE Cary Pkwy, Cary, NC 27518
      View Details
    • $22 SF/Yr

      Medical Office Condo Near Hospital

      Medical office condo near WakeMed Hospital and Waverly Place in Cary.
      301 Keisler Dr, Cary, NC 27518
      View Details
    • Contact for pricing

      Medical Office Space Near WakeMed

      Three-story medical office building adjacent to WakeMed Cary Hospital.
      300 Ashville Ave, Cary, NC 27518
      View Details
    • Contact for pricing

      222 Ashville Ave, Cary, NC 27518

      Medical Office Space
      222 Ashville Ave, Cary, NC 27518
      View Details
    • $27 SF/Yr

      Medical Office Space in Cary

      Medical office space for lease in Waverly Place shopping center.
      530 New Waverly Pl, Cary, NC 27518
      View Details
    View Listing
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    300 Ashville Ave
    Cary, NC 27518
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry

    300 Ashville Ave, Cary, NC, 27518

    letter with green check mark
    Check your email

    We sent you the

    agent's contact details. yellow underline

    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!