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Flex Warehouse with Office
For Lease
$19.40 SF/Yr

3500 Gateway Centre Blvd, Morrisville, NC 27560

Lease a flex warehouse with drive-in doors, office space, and clear height for practical light industrial operations.

Space Size19,600 SF
Days on Market57

Property Features for 3500 Gateway Centre Blvd

General Information

Standard status Active
Size 19,600 SF
Property subtype Industrial
Lease Term $19.40 SF/yr (NNN)

Building Details

Year Built 1997

Spaces For Lease

at 3500 Gateway Centre Blvd Contact us

3500 Gateway Centre Boulevard $19.40/SF/Yr

Size
19,600 SF
Term
Negotiable
Contact us
Listing Agency:
Listed By: Hunt Wyche
Source: Triprop
Added: Jun 17 Changed: Aug 8 Last Checked: Aug 12 at 3:59AM

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 Hunt Wyche

Investment Insights

Based on property information with market context.

The offering is a 19,600 SF flex building designed to support both office and warehouse functions. The space includes clear height of 14' in the office and 18' in the conditioned work area/warehouse, with two drive-in doors for convenient loading and distribution. Parking is provided at a reported 4.25 spaces per 1,000 SF, supporting everyday employee and visitor access. The building is served by utilities through the Town of Cary for water and sewer, with power from Duke Progress Energy and gas from Enbridge Gas. Telecom availability is noted with a variety of providers.

The property is located at 3500 Gateway Centre Blvd in Morrisville, NC. It is described as minutes from Raleigh-Durham International Airport, approximately 2.5 miles away, with additional access to major roadways including I-540 (4.7 miles) and I-40 (1.3 miles). The site is listed at 2.02 acres.

For tenants needing a hybrid setup, the combination of office space and a conditioned work area/warehouse offers flexibility for day-to-day operations. The 18' warehouse clear height and drive-in door access can support a range of light industrial and logistics-oriented uses, subject to the Office/Research and Development District (ORD) zoning requirements.

Key Highlights

  • 19,600 SF flex building available for lease on 2.02 acres
  • Base rent: $19.40/SF; NNN TICAM: $3.95/SF
  • Clear height: 14' in the office and 18' in the conditioned work area/warehouse

Property Analytics

Current Use

Flex space

Suggested Use

Top Pick Locksmith Auto Parts Store Garden Center Bakery Kitchen & Bath Showroom Cafe & Coffee Shop

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$2.91 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

246
Businesses Nearby
Well-served
Demand for This Use

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

Lease Benchmarks for Morrisville, NC

$17.43 /SF/Yr
Avg Asking Price
$14.5–$20 /SF/Yr
Price Range
32,623 SF
Avg Space Size

This space is priced 11% above the average of $17.43 /SF/Yr.

Vacancy Rate% for Office in South region

14.4% 2019
16.4% 2020
17.3% 2021
18% 2022
18.6% 2023
20.3% 2024
20.2% 2025
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Questions? Ask Rey
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Frequently Asked Questions

What type of property is this?
Flex space - Lease a flex warehouse with drive-in doors, office space, and clear height for practical light industrial operations.
Where is this flex space located?
The property is located at 3500 Gateway Centre Blvd Morrisville, NC.
What is the lease rate?
The lease rate is $19.40 SF/Yr.
What are key features of this property?
This property features: 19,600 SF flex building available for lease on 2.02 acres; Base rent: $19.40/SF; NNN TICAM: $3.95/SF; Clear height: 14' in the office and 18' in the conditioned work area/warehouse
More about this property
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