5000 Centre Green WayCary, NC 27513

Property Details for 5000 Centre Green Way

Year built

2017

Lot size

9.17 AC

Property size (Sq ft)

170,258 SF

Zone code

GCP

Property type

Office properties

Property subtype

Office buildings

APN

0765.01-05-8738 0247286

APU

765010587380247286

Description

This Class A, 34,662 square foot office building in Cary, NC, offers a variety of workspace solutions. Located at 5000 Centre Green Way, Suite 500, it features traditional office space, executive suites, coworking areas, and creative office options, catering to diverse business needs. The building boasts 350 suites, with a minimum divisible space of 50 square feet and a maximum contiguous space of 1,300 square feet. Currently, 4,970 square feet are available. Renovated in 2019, the building includes elevators and is situated in Wake County, zip code 27513. The property provides a vibrant, collaborative environment, ideal for growing businesses. Its convenient location near Weston Parkway offers easy access to the city's amenities, while nearby green spaces provide a refreshing escape. This is an exceptional opportunity to establish your business in a dynamic and inspiring setting. The building's modern design and flexible layouts allow for customization to meet specific business requirements. The entrepreneurial atmosphere fosters innovation and collaboration, making it an ideal location for businesses of all sizes.

• CAP approach

  CAP return

  Valuation

  6%

  $41,748,216

  6.5%

  $38,536,812

  7%

  $35,784,184

• Comparable approach

  Method

  Valuation

  Relative Method

  $37,994,788

  Geo Method

  $39,081,020

• Alternative Use

  Use

  Valuation

  Residential

  $47,785,648

  Hospitality

  $43,771,396

  Educational

  $36,417,288

  Medical

  $37,669,736

  Retail

  $56,649,116

Location Insight

City

Cary

County

Wake

State

North Carolina

Latitude

35.8264

Longitude

-78.7948

CBSA code

39580

CBSA name

RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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