Property profile

401 Cascade Pointe Ln 101 Cary, NC 27513

OFF-MARKET
Office buildings
Property ID
US53-5755500
5,132 SF 0.01 ac lot Built 2004
Entity Owned 21-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 8,400 square foot Class B office condominium is ideally situated in Cary, North Carolina, at 401 Cascade Pointe Lane, zip code 27513. Located off Weston Parkway, this standalone building offers unparalleled convenience with easy access to major thoroughfares including I-40, I-440, and NC 54 Highway, as well as the Raleigh-Durham International Airport. The property boasts a desirable layout featuring eleven private offices, a spacious open work area perfect for collaborative projects, two well-appointed conference rooms for meetings and presentations, a comfortable break area for employees, and a welcoming reception area. The building provides ample parking with a 4 per 1,000 ratio. The interior offers a blend of private and open spaces, catering to diverse business needs. The asking price is $2,730,000, translating to $325 per square foot. Monthly owners association dues for both units total $1,244.88. This property presents a unique opportunity to acquire a well-maintained, conveniently located office space in a thriving Cary business community. The address is 401 Cascade Pointe Ln, Cary, Wake County, NC.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2004
Construction BRICK
Total area 5,132 SF
Lot 0.01 ac (436 SF)
Zoning code ORDP
APN 0755.04-53-7528 0320756
UPID US53-5755500

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
  • Training Center

Location

401 Cascade Pointe Ln, Unit 101 Cary, NC 27513-5780
Cary metro Census 53522 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2005
Last sale
$2.3M
2 recorded transactions
2005
Price N/A
2004
$1.1M

Zoning & alternative use

ORDP · Cary, NC

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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