Property profile

3020 Carrington Mill Blvd Morrisville, NC 27560

FOR LEASE
Office buildings
Property ID
US53-3827072
214,630 SF 18.04 ac lot Built 2013
Entity Owned 4-yr Hold Free & Clear
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Property summary

AI-generated overview

Perimeter Two, a Class A, five-story office building in Morrisville, NC, offers 209,657 square feet of executive office space. Built in 2014, this stunning property boasts a park-like setting with walking trails and is conveniently located off I-40 and I-540, providing easy access to Raleigh-Durham International Airport, Chapel Hill, Durham, and Raleigh. Currently, 151,478 square feet of space is available, with options ranging from 5,491 square feet to a maximum contiguous space of 42,658 square feet. The building features multiple tenancies, allowing for flexibility in space requirements. The property is situated in Wake County, at 3020 Carrington Mill Blvd, Morrisville, NC 27560, and is surrounded by hotels, retail, and restaurants, with further amenities planned for future development. Significant renovations are currently underway, including expansive lobby upgrades and a patio refresh, enhancing the already impressive aesthetic and functionality of this prime office location. This exceptional property presents a unique opportunity for businesses seeking a modern, well-located, and amenity-rich workspace in a thriving area. The minimum divisible space is 5,491 square feet.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 2013
Total area 214,630 SF
Lot 18.04 ac (785,822 SF)
Zoning code OI
APN 0746.02-99-3060 0374626
UPID US53-3827072

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
  • Real Estate Agency
  • Advertising Agency Marketing & Advertising
  • Postal Service Courier Service
  • Business Management Consultant Accounting Firm
  • Consultant

Location

3020 Carrington Mill Blvd Morrisville, NC 27560
Morrisville metro Census 53609 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$28.58M
Blend (final) Blend
$37.88M

Owner & transaction history

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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