Property summary
This exceptional Class A office building, situated in the prestigious RTP/I-40 Corridor of Morrisville, North Carolina, offers a prime opportunity for businesses seeking executive-level space. The two-story building, constructed in 1994, boasts a total of 53,135 square feet, with multiple suites available ranging from 4,128 to 27,837 contiguous square feet. Currently, 41,015 square feet are vacant, providing ample space for expansion or relocation. The property features an upscale lobby and common areas, significant glass exposure, and beautifully landscaped grounds within a corporate park setting. Its convenient location offers easy access to Interstates 40 and 540, and is just three minutes from Raleigh-Durham International Airport. On-site amenities include a fitness center, conference center, and walking trails, enhancing employee well-being and productivity. The building is also surrounded by over 50 restaurants and retailers, providing convenience and a vibrant atmosphere. The property benefits from responsive, proactive on-site property management, ensuring a seamless and efficient experience for tenants. This is an unparalleled opportunity to secure high-quality office space in a thriving business community. The building consists of three total suites within Wake County, zip code 27560, at 1800 Perimeter Park Drive.
Property profile
VerifiedCap rate & NOI
Current use
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Corporate Office
Location
Value estimations
Owner & transaction history
Zoning & alternative use
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…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Morrisville market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
OI · Morrisville, NCThe 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…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
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…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for OI in Morrisville, NC.
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