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    703 Slater Rd Morrisville, NC 27560

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    For Sale
    Contact for pricing

    35,350 SF Office, Prime Location, Vacant

    Property size:
    35,350 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional Class A office building, completed in Q1 2024, presents a unique investment or owner-occupant opportunity in Morrisville, NC. Located at 703 Slater Road, this three-story building offers approximately 35,350 square feet of versatile space, ideal for executive, medical, or traditional office uses. The property sits on a 2.89-acre lot and boasts a generous 4.14 parking spaces per 1,000 square feet. Its strategic location provides convenient access to Interstates 40 and 540, as well as Raleigh-Durham International Airport. The building features efficient floor plates and outdoor amenities. Condo ownership opportunities are available. The second floor offers approximately 12,017 square feet for sale at $355 per square foot, while the third floor offers approximately 12,017 square feet for sale at $365 per square foot. Building signage is available, and 24-hour access is provided. The first floor is currently under contract. This property offers a compelling investment opportunity in a thriving market, with abundant surrounding amenities and a high-demand location. The building's modern design and convenient features make it an attractive option for businesses seeking a prestigious address in the Triangle region.

    Property Features for 703 Slater Rd

    General Information

    Property type
    Medical offices
    Square Feet
    35,350 SF
    Class
    A
    Lot Size
    125,888 SF

    Building Details

    Year Built
    2024
    Buildings
    1
    Stories
    3

    HighLights

    • Class A office building.
    • Prime location with ample nearby amenities.
    • Easy access to I‑40 and I‑540.
    • 4.14:1,000 parking ratio.
    • Condo ownership available.
    • 18.725% core factor.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Morrisville
    County
    Durham
    State
    North Carolina
    Longitude
    -78.8305954
    Latitude
    35.8682718

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    FAQs

    What type of property is this?
    Medical office - 35,350 SF Office, Prime Location, Vacant
    Where is this medical office located?
    The property is located at 703 Slater Rd Morrisville, NC.
    What are key features of this property?
    This property features: Class A office building.; Prime location with ample nearby amenities.; Easy access to I-40 and I-540.
    Request Owner's contact information
    703 Slater Rd Morrisville, NC 27560
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    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
    703 Slater Rd Morrisville, NC 27560
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