Fully Conditioned Flex
For Sale
Contact for pricing
Pending
1307 Copeland Oaks Drive, Morrisville, NC 27560
Fully conditioned flex warehouse with exterior building signage and a dock high door for practical operations.
Property Size2,130 SF
Days on Market62
Property Features for 1307 Copeland Oaks Drive
General Information
Standard status
Pending
Size
2,130 SF
Property subtype
Industrial, Mixed Use
Zoning
CC
Lease Type
NNN
Additional Details
Dock-High Doors
1
Building Details
Year Built
2000
Stories
1
Units
1
Listing Agency:
Rich Commercial Realty
Listed By:
Sam DiFranco Jr · License #NC 270959
Source:
Crexi
Added: Jun 12
Changed: Aug 8
Last Checked: Jul 24 at 6:55AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Rich Commercial Realty
Investment Insights
Based on property information with market context.
This flex warehouse offers 2,130 SF of fully conditioned space designed to support both light industrial and workspace needs. The building includes exterior building signage availability and a dock high door to support efficient loading and unloading.
The property is located at 1307 Copeland Oaks Drive in Morrisville, NC. The exterior building signage provides an additional visibility option for businesses seeking branding on the premises.
For prospective tenants or buyers, the combination of conditioned interiors and dock high access can simplify day-to-day operations where climate-controlled space matters. The availability of exterior signage may also support businesses that want clear presence at the building while maintaining a straightforward, functional flex/warehouse setup. This property is offered for sale or lease.
The property is located at 1307 Copeland Oaks Drive in Morrisville, NC. The exterior building signage provides an additional visibility option for businesses seeking branding on the premises.
For prospective tenants or buyers, the combination of conditioned interiors and dock high access can simplify day-to-day operations where climate-controlled space matters. The availability of exterior signage may also support businesses that want clear presence at the building while maintaining a straightforward, functional flex/warehouse setup. This property is offered for sale or lease.
Key Highlights
- Fully conditioned flex warehouse totaling 2,130 SF
- Exterior building signage available
- Dock high door on‑site
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$22,765
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.34%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$455,300
$455.3K
Cap Rate 7%
$325,214
$325.2K
Cap Rate 9%
$252,944
$252.9K
Market Conditions
NOI Build-Up for 2,130 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$37.1K $17.40/SF
− Vacancy
−$2.0K −$0.96/SF
EGI
$35.0K $16.44/SF
− OpEx
−$12.3K −$5.76/SF
NOI
$22.8K $10.69/SF
Area
Wake County, NC
Vacancy
5.50%
Lease Rate
$17.40 /SF/Yr
Expense Ratio
35.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$455,300
Cap Rate 7%
$325,214
Cap Rate 9%
$252,944
Alternative Uses
Best Use
Flex RnD
$325.2K
$284.6K – $379.4K
NOI $22,765 @ 7.0% cap · market cap 4.34%
Second Best
Warehouse
$236.5K
$206.9K – $275.9K
NOI $16,554 @ 7.0% cap · market cap 3.15%
Theoretical Best
Specialty Retail
$608.2K
$532.2K – $709.5K
NOI $42,572 @ 7.0% cap · market cap 8.11%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
1
Dock-high doors
Location Intelligence
Trade Area within ½ mile
358
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 27560, NC
38,959
Population
17,764
Households
2.2
Avg Household Size
33
Median Age
73%
College-Educated
96%
High-School Grad
27.4 sq mi
ZIP Area
1,422
Density / Sq Mi
$117,340
Median Household Income
$70,040
Median Earnings
$1,760
Median Rent
$466,900
Median Home Value
Market
Vacancy Rate% for Industrial in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Flex space - Fully conditioned flex warehouse with exterior building signage and a dock high door for practical operations.
Where is this flex space located?
The property is located at 1307 Copeland Oaks Drive Morrisville, NC.
What is the asking price?
The asking price for this property is $525,000.
What are key features of this property?
This property features: Fully conditioned flex warehouse totaling 2,130 SF; Exterior building signage available; Dock high door on‑site
