201 Commonwealth CtCary, NC 27511

Property Details for 201 Commonwealth Ct

Year built

1986

Construction

BRICK

Lot size

1.11 AC

Property size (Sq ft)

14,252 SF

Zone code

OI

Property type

Office buildings

APN

0763.14-44-0238 0167189

APU

763144402380167189

Description

This exceptional 2,377 square foot office space is situated within a well-maintained, two-story Class B building located at 201 Commonwealth Ct, Cary, NC. The property boasts a total of 14,646 square feet, offering a quiet and convenient office environment. The building features a single suite currently available for lease, perfect for a business seeking a move-in ready space. The location offers easy access to major thoroughfares including Kildaire Farm Road, Cary Parkway, Maynard Road, and US 1/US 64 Highway, ensuring convenient commutes for employees and clients. The area is rich with nearby restaurants and retail amenities, providing ample options for lunch breaks and after-work activities. Parking is plentiful, with a generous 3.5 spaces per 1,000 square feet parking ratio. While the building does not have elevators, the two-story structure ensures easy accessibility. The property is zoned OI and located in Wake County. This multi-tenant building presents a fantastic opportunity for businesses seeking a functional and conveniently located office space. The available suite is part of a larger 14,646 square foot building, offering a professional and established presence. The quiet office park setting provides a peaceful work environment, while the strategic location ensures easy access to a variety of conveniences. This is an ideal space for businesses seeking a balance of tranquility and accessibility.

• CAP approach

  CAP return

  Valuation

  6%

  $3,960,630

  6.5%

  $3,655,960

  7%

  $3,394,820

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,180,480

  Geo Method

  $3,271,400

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $7,193,150

  Retail / Commercial

  $3,689,510

  Mixed-Use / Specialty

  $3,677,070

  Hospitality / Lodging

  $2,698,670

  Institutional / Educational

  $3,822,920

  Residential Income

  $4,472,820

  Multifamily

  $5,360,530

  Automotive / Energy

  $3,276,790

  Parking / Income-Based Land

  $1,130,080

  Restaurant / Food Service

  $1,913,990

  Healthcare / Senior Housing

  $3,770,040

Location Insight

City

Cary

County

Wake

State

North Carolina

Latitude

35.7673

Longitude

-78.7842

CBSA code

39580

CBSA name

RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

How do I add a non-forward facing team member such as a broker coordinator or broker aide to a listing in order to ensure they get notifications on the property?

Please email our support team at [email protected] and they will add the team member.

How do I access a private listing?

Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.

How can I contact the broker?

We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.

How do I unsubscribe from emails?

At the footer of each email you will find links to Reduce Email Frequency, Adjust Email Settings or Unsubscribe altogether. If you choose to Unsubscribe and are still receiving emails please reach out to us at [email protected].