401 Cascade Pointe LnCary, NC 27513

Property Details for 401 Cascade Pointe Ln

Year built

2004

Construction

BRICK

Lot size

0.01 AC

Property size (Sq ft)

5,132 SF

Zone code

ORDP

Property type

Office properties

Property subtype

Office buildings

APN

0755.04-53-7528 0320756

APU

755045375280320756

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,258,395

  6.5%

  $1,161,596

  7%

  $1,078,624

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,145,258

  Geo Method

  $1,177,999

• Alternative Use

  Use

  Valuation

  Residential

  $1,440,378

  Hospitality

  $1,319,379

  Educational

  $1,097,708

  Medical

  $1,135,460

  Retail

  $1,707,545

Location Insight

City

Cary

County

Wake

State

North Carolina

Latitude

35.8215

Longitude

-78.8126

CBSA code

39580

CBSA name

RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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