Property profile

3300 Regency Pkwy Cary, NC 27518

FOR SALE
Office buildings
Property ID
US53-1073652
28,800 SF 3.04 ac lot Built 2000
Entity Owned 3-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional single-story office building, located at 3300 Regency Parkway in Cary, North Carolina, presents a unique investment opportunity. The property, classified as Class B, boasts a total of 28,260 square feet and comprises a single suite. Built in 2000, the building offers convenient access and ample parking with 20 spaces available. Currently, there is 4,986 square feet of vacant space within the 28,260 square foot building, presenting a significant opportunity for immediate occupancy or lease. The property's location in Wake County, North Carolina, within the vibrant Cary market, ensures high visibility and accessibility. The single-story design offers efficient use of space and ease of navigation. This executive office space is ideal for a variety of businesses seeking a well-maintained, conveniently located office building in a thriving area. The property's size and layout provide flexibility for various business needs, making it an attractive option for companies seeking to establish or expand their presence in Cary. The ample parking ensures convenient access for employees and clients alike. This is a rare opportunity to acquire a well-situated, single-story office building in a highly desirable location. The available vacant space presents a chance to customize the space to meet specific business requirements. The property's features and location make it an excellent investment opportunity in a growing market.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2000
Total area 28,800 SF
Lot 3.04 ac (132,422 SF)
Zoning code GCP
APN 0762.18-31-1308 0300139
UPID US53-1073652

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Engineering Consultant Civil Engineer
  • Engineering Consultant

Location

3300 Regency Pkwy Cary, NC 27518
Cary metro Census 53405 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$7.03M
CAP Approach CAP
$8.31M
Comparable Approach Comparable
$6.21M
Blend (final) Blend
$6.65M

Owner & transaction history

since 2022
Last sale
$6.4M
7 recorded transactions
2022
$6.4M
2022
Price N/A
2022
Price N/A
2021
Price N/A
2020
Price N/A
2020
Price N/A
2019
Price N/A

Zoning & alternative use

GCP · Cary, NC
Top alternative use upside
Medical building $9.9M +29.1%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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