1000 Centre Green WayCary, NC 27513

Property Details for 1000 Centre Green Way

Year built

2007

Lot size

11.47 AC

Property size (Sq ft)

100,920 SF

Zone code

GCP

Property type

Office properties

Property subtype

Office buildings

APN

0755.02-96-9159 0286168

APU

755029691590286168

Description

This Class A, 17,909 sq ft office building in Wake County offers a variety of workspace solutions, from private executive suites to coworking spaces and virtual offices. Located on Weston Parkway in Cary, near Lake Crabtree and the Research Triangle, this three-story building features a stylish exterior and a two-story atrium reception. The property underwent renovations in 2019 and includes 350 suites, with spaces ranging from a minimum of 100 sq ft to a maximum contiguous space of 5,000 sq ft. Amenities include elevators and convenient access to I-40 and SR-54, as well as proximity to Raleigh-Durham International Airport (RDU). The building's location benefits from being near leading research institutes and high-tech businesses, within a community boasting a highly educated workforce. Various options cater to individual needs, including fully furnished and equipped private offices, open-plan coworking areas, meeting rooms, and virtual office packages with mail handling and virtual assistant services. Flexible working plans provide access to a global network of workspaces.

• CAP approach

  CAP return

  Valuation

  6%

  $24,746,150

  6.5%

  $22,842,600

  7%

  $21,210,984

• Comparable approach

  Method

  Valuation

  Relative Method

  $22,521,316

  Geo Method

  $23,165,176

• Alternative Use

  Use

  Valuation

  Residential

  $28,324,824

  Hospitality

  $25,945,386

  Educational

  $21,586,256

  Medical

  $22,328,640

  Retail

  $33,578,620

Location Insight

City

Cary

County

Wake

State

North Carolina

Latitude

35.8276

Longitude

-78.7978

CBSA code

39580

CBSA name

RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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