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    OFF-MARKET
    Office buildings

    401 Cascade Pointe Ln 101, Cary, NC 27513-5780

    5,132 SF 0.01 ac lot Built 2004
    Entity Owned 21-yr Hold Free & Clear
    Property ID
    US53-5755500
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Current use
    Occupant on record · Public records
    • Thinking Maps Training Center
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Gks Properties LLC · 21 yrs held
    Gks Properties LLC
    since 2005
    Last sale
    $2.3M
    2 recorded transactions
    2005
    2004
    $1.1M
    Zoning & alternative use
    ORDP · Cary, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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