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140 Iowa Ln
Cary, NC 27511
Office Property For Sale
·
5,216 SF
Investment Highlights
- Quiet location with ground floor entry. Signage on Facade Directory. Parking directly in front of entry. 3 suites offer owner flexibility with Tenants
Executive Summary
Three (3) contiguous, ground level suites for sale with 3 leases in place. Great opportunity for Investor or Owner. (1,500 SF Tenant vacating unit 104 Feb 28,2027) Sale price: $924,000.00 / $308 RSF Association Dues: $ 882.86 month for 3,000 RSF. PPM Property Management Co. Real Estate Taxes for 2027: $5,834.05 Constructed in 1999. One owner/broker. Zoning O & i\I. $20,000 in renovations to units 101 & 102 in July 2025. Foyer updated. Located in Central Cary across from Goodwill, close to intersection of Kildaire Farm Rd and SW Maynard Rds.
1 Unit Available
- Unit
- Unit Size
- Condo Use
- Price
- NOI
| Sale Type | Investment or Owner User | Sale Conditions | Bulk/Portfolio Sale |
| No. Parking Spaces | 12 |
| Sale Type | Investment or Owner User |
| No. Parking Spaces | 12 |
| Sale Conditions | Bulk/Portfolio Sale |
Description
Rare, 3 unit portfolio comprising of an entire floor. 3,000 RSF.total
Unit 101- 544 RSF-leased & renovated in 2025.
Unit 102-956 RSF -leased & renovated in 2025.
Unit 104- 1,500 RSF lease thru 2/28/27. Available for owner occupant.
Each unit has reception, private offices, bathroom, kitchenette and conference room. Separately metered units.
Located in Central Cary across from Goodwill in quiet location. Near the intersection of Kildaire Farm & SW Maynard Roads.
Unit 101- 544 RSF-leased & renovated in 2025.
Unit 102-956 RSF -leased & renovated in 2025.
Unit 104- 1,500 RSF lease thru 2/28/27. Available for owner occupant.
Each unit has reception, private offices, bathroom, kitchenette and conference room. Separately metered units.
Located in Central Cary across from Goodwill in quiet location. Near the intersection of Kildaire Farm & SW Maynard Roads.
Sale Notes
Great 1031 or Owner Occupant property under a Million dollars.Three adjacent units allowing for tenant growth. Locally managed by professional property management company. All leases have personal guarantees and Tenants vetted by the Owner/Broker.
| Unit | Unit Size | Condo Use | Price | NOI |
| Unit 100 | 3,000 SF | Office | Upon Request | - |
Unit 100
| Unit Size |
| 3,000 SF |
| Condo Use |
| Office |
| Price |
| Upon Request |
| NOI |
| - |
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Unit 100
| Unit Size | 3,000 SF |
| Condo Use | Office |
| Price | Upon Request |
| NOI | - |
| Sale Type | Investment or Owner User |
| No. Parking Spaces | 12 |
| Sale Conditions | Bulk/Portfolio Sale |
| Description | |
| Rare, 3 unit portfolio comprising of an entire floor. 3,000 RSF.total<br> Unit 101- 544 RSF-leased & renovated in 2025.<br> Unit 102-956 RSF -leased & renovated in 2025.<br> Unit 104- 1,500 RSF lease thru 2/28/27. Available for owner occupant.<br> Each unit has reception, private offices, bathroom, kitchenette and conference room. Separately metered units.<br> Located in Central Cary across from Goodwill in quiet location. Near the intersection of Kildaire Farm & SW Maynard Roads.</li></ul> | |
| Sale Notes | |
| Great 1031 or Owner Occupant property under a Million dollars.Three adjacent units allowing for tenant growth. Locally managed by professional property management company. All leases have personal guarantees and Tenants vetted by the Owner/Broker.</li></ul> |
Property Facts
The following property facts and amenities apply to the entire building. Details for individual condo units may vary and are listed in the unit information above.
| Total Building Size | 5,216 SF | Year Built | 1999 |
| Property Type | Office (Condo) | Lot Size | 4.58 AC |
| Building Class | B | Parking Ratio | 6.67/1,000 SF |
| Floors | 2 | Opportunity Zone |
Yes
|
| Typical Floor Size | 3,000 SF | ||
| Zoning | OI - Office/Industrial | ||
| Total Building Size | 5,216 SF |
| Property Type | Office (Condo) |
| Building Class | B |
| Floors | 2 |
| Typical Floor Size | 3,000 SF |
| Year Built | 1999 |
| Lot Size | 4.58 AC |
| Parking Ratio | 6.67/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | OI - Office/Industrial |
Amenities
- 24 Hour Access
- Controlled Access
- Signage
- Storage Space
- Air Conditioning
- Fiber Optic Internet
- Smoke Detector
1 of 5
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
