200 Cornerstone DrCary, NC 27519

Property Details for 200 Cornerstone Dr

Year built

2008

Construction

BRICK

Lot size

4.34 AC

Property size (Sq ft)

17,896 SF

Zone code

OICU

Property type

Healthcare properties

Property subtype

Medical offices

APN

0744.03-41-5791 0206711

APU

744034157910206711

Description

This exceptional Class A office building, located at 200 Cornerstone Drive in Cary, North Carolina, offers 4,840 square feet of immediately available space. The property is situated in a highly desirable location, conveniently positioned off Davis Drive and High House Road, providing easy access to major thoroughfares like Highways 55 and 540. The building's traditional office design is adaptable to various business needs, also suitable for medical or creative office uses. The available space is a minimum divisible unit of 4,840 square feet, representing the maximum contiguous space currently available. The total building size is 18,000 square feet, with multiple tenants currently occupying the remaining space. On-site surface parking is provided. This location boasts exceptional convenience, with close proximity to vibrant shopping centers such as Park West Village and Stone Creek Village, including a Publix supermarket. The prestigious Prestonwood Country Club is also nearby. The property is in Wake County, North Carolina, and has a 27519 zip code. This presents a unique opportunity for businesses seeking a well-located, high-quality office space in a thriving Cary community.

• CAP approach

  CAP return

  Valuation

  6%

  $4,388,200

  6.5%

  $4,050,646

  7%

  $3,761,314

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,993,673

  Geo Method

  $4,107,848

• Alternative Use

  Use

  Valuation

  Residential

  $5,022,800

  Hospitality

  $4,600,858

  Educational

  $3,827,860

  Medical

  $3,959,506

  Retail

  $5,954,449

Location Insight

City

Cary

County

Wake

State

North Carolina

Latitude

35.7878

Longitude

-78.8496

CBSA code

39580

CBSA name

RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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