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201 Commonwealth Ct 14,646 SF 84% Leased Office Building Cary, NC 27511 $3,195,350 ($218.17/SF)

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INVESTMENT HIGHLIGHTS

  • Located off Kildaire Farm Road with easy access to Cary Parkway, Maynard Road, and US 1/US 64 Hwy.
  • Convenient to numerous restaurants, retail and amenities.

EXECUTIVE SUMMARY

14,646 SF, two-story multi-tenant office building
Quiet office park on main corridor in Cary
3.5 per 1,000 parking ratio
Convenient to numerous restaurants, retail and amenities
Leases in place for majority of the building - 2,377 RSF suite available

PROPERTY FACTS

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Office/Residential
Building Size
14,646 SF
Building Class
B
Year Built/Renovated
1986/1997
Price
$3,195,350
Price Per SF
$218.17
Percent Leased
84%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
7,255 SF
Slab To Slab
14’
Building FAR
0.30
Lot Size
1.11 AC
Opportunity Zone
Yes
Zoning
O-I - Office & Institutional
Parking
43 Spaces (3.5 Spaces per 1,000 SF Leased)

AMENITIES

  • 24 Hour Access
  • Atrium
  • Bus Line
  • Signage
  • Central Heating
  • Air Conditioning

SPACE AVAILABILITY

  • SPACE
  • SIZE
  • SPACE USE
  • CONDITION
  • AVAILABLE
  • 1st Fl-Ste 100
  • 7,255 SF
  • Office
  • Full Build-Out
  • Jan 2026

Multiple private offices, conference rooms, training room, in-suite restrooms, 2 breakrooms.

  • 2nd Fl-Ste 200
  • 2,377 SF
  • Office
  • Full Build-Out
  • Now

Two private offices, conference room, large open work area.

Space Size Space Use Condition Available
1st Fl-Ste 100 7,255 SF Office Full Build-Out Jan 2026
2nd Fl-Ste 200 2,377 SF Office Full Build-Out Now

1st Fl-Ste 100

Size
7,255 SF
Space Use
Office
Condition
Full Build-Out
Available
Jan 2026

2nd Fl-Ste 200

Size
2,377 SF
Space Use
Office
Condition
Full Build-Out
Available
Now

1st Fl-Ste 100

Size 7,255 SF
Space Use Office
Condition Full Build-Out
Available Jan 2026

Multiple private offices, conference rooms, training room, in-suite restrooms, 2 breakrooms.

2nd Fl-Ste 200

Size 2,377 SF
Space Use Office
Condition Full Build-Out
Available Now

Two private offices, conference room, large open work area.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0763.14-44-0238-000
Land Assessment
$483,520
Improvements Assessment
$1,751,407
Total Assessment
$2,234,927
  • Listing ID: 32377478

  • Date on Market: 7/8/2024

  • Last Updated:

  • Address: 201 Commonwealth Ct, Cary, NC 27511

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