Property profile

2000 Perimeter Park Dr Morrisville, NC 27560

FOR LEASE
Office buildings
Property ID
US53-1286310
55,000 SF 4.25 ac lot Built 1997
Entity Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional Class A office building, located in Wake County, offers 54,592 square feet of premium executive office space within a vibrant corporate setting. Built in 1997, this two-story building features two suites, with a minimum divisible space of 13,796 square feet and a maximum contiguous space of 27,754 square feet. Currently, 41,550 square feet are available for lease. The property boasts significant glassline exposure, creating bright and inviting workspaces with abundant natural light on all floors. Flexible floorplates and high ceilings provide versatile options for tenant build-outs. Beyond the building itself, tenants enjoy beautifully landscaped grounds, ample parking, and access to two on-site fitness centers, a tenant lounge, and a convenient conference center. Seven miles of walking trails encourage a healthy and active lifestyle. The location is unparalleled, surrounded by over 50 restaurants and retailers, providing employees with a wide array of dining and shopping choices. On-site property management ensures responsive and proactive service. This is an exceptional opportunity to secure prime office space in a highly desirable and amenity-rich location.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1997
Construction BRICK
Total area 55,000 SF
Lot 4.25 ac (185,130 SF)
Zoning code OI
APN 0756.01-05-2294 0227717
UPID US53-1286310

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • State Government Office
  • Pediatrician Physician
  • Pediatrician Physician
  • Pediatrician Physician
  • Physician

Location

2000 Perimeter Park Dr Morrisville, NC 27560
Morrisville metro Census 53609 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$7.53M
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.97M
Blend (final) Blend
$7.35M

Owner & transaction history

since 2020
Last sale
$5.7M
3 recorded transactions
2020
$12.3M
2017
$9.6M
2015
$5.7M

Zoning & alternative use

OI · Morrisville, NC
Zoning description

The Office and Institutional District accommodates largescale regional office developments that feature high visual quality and high trip generating uses, including office parks, research and development parks, corporate…

General category CIVIC_INSTITUTIONAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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