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    1700 Perimeter Park Dr Morrisville, NC 27560

    Sponsored
    For Lease
    $26 SF/Yr

    Class A Office, 77,239 SF, Fully Vacant

    Lot size:
    77,239 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Class A executive office building, totaling 77,239 square feet, presents a unique single-tenant opportunity in Morrisville, NC. Situated at 1700 Perimeter Park Drive, this three-story building boasts stunning brick and glass construction, offering a prestigious and modern workspace. The property features a generous 14'3" ceiling height throughout, providing ample space and flexibility for various office configurations. With 362 parking spaces, ample parking is ensured for employees and visitors. The building is equipped with robust power infrastructure, including a 750 KVA switch gear with 2000 amps. Located in Wake County, this prime location offers unparalleled convenience, just three minutes from Raleigh-Durham International Airport and easily accessible from I-40 and I-540. On-site amenities include two fitness centers, a conference center, a tenant lounge, a pocket park with a putting green and bocce court, and seven miles of walking trails. The property is also surrounded by a vibrant mix of over 50 restaurants and retailers, providing employees with a wide array of dining and shopping options. This property benefits from responsive, proactive on-site property management, ensuring a seamless and efficient operational experience. This is an exceptional opportunity to acquire a fully vacant, high-quality office building in a thriving location.

    Property Features for 1700 Perimeter Park Dr

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    77,239 SF
    Class
    A
    Total Rate
    170569.46

    Building Details

    Stories
    3

    Unit(s) available at that property

    Space
    Full Building
    Size
    77,239 SF
    Rate per SF
    $26

    HighLights

    • 77,239 SF Class A office building, single‑tenant opportunity in Morrisville, NC.
    • High ceilings (14'3") and flexible floorplates.
    • 362 parking spaces.
    • Access to extensive on‑site amenities including fitness centers, conference center, tenant lounge, pocket park, and walking trails.
    • Abundant nearby retail and dining options.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Dental Office Building Supply Auto Repair Shop Wholesale Shop Clothing Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Morrisville
    County
    Wake
    State
    North Carolina
    Longitude
    -78.8287742
    Latitude
    35.8517535

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    FAQs

    What type of property is this?
    Office Property / Space - Class A Office, 77,239 SF, Fully Vacant
    Where is this office property / space located?
    The property is located at 1700 Perimeter Park Dr Morrisville, NC.
    What is the lease rate?
    The lease rate is $26 SF/Yr.
    What are key features of this property?
    This property features: 77,239 SF Class A office building, single-tenant opportunity in Morrisville, NC.; High ceilings (14'3") and flexible floorplates.; 362 parking spaces.
    Request Owner's contact information
    1700 Perimeter Park Dr Morrisville, NC 27560
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    1700 Perimeter Park Dr Morrisville, NC 27560
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