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    1800 Perimeter Park Dr Morrisville, NC 27560

    Sponsored
    For Lease
    $26 SF/Yr

    Class A Office Space, I-40 Corridor

    Lot size:
    53,135 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    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 Features for 1800 Perimeter Park Dr

    General Information

    Property type
    Office Properties & Spaces
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    53,135 SF
    Class
    A
    Total Rate
    117339.79

    Building Details

    Year Built
    1994
    Stories
    2

    Unit(s) available at that property

    Space
    Suite 100
    Size
    9,050 SF
    Rate per SF
    $26
    Space
    Suite 200
    Size
    27,837 SF
    Rate per SF
    $26
    Space
    Suite 130
    Size
    4,128 SF
    Rate per SF
    $26

    HighLights

    • Highly adaptable floor plans with high ceilings.
    • Abundant natural light throughout.
    • Attractive landscaping and ample on‑site parking.
    • Excellent walkability to numerous restaurants and shops.
    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
    -78.8301579
    Latitude
    35.8533565

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    FAQs

    What type of property is this?
    Office Property / Space - Class A Office Space, I-40 Corridor
    Where is this office property / space located?
    The property is located at 1800 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: Highly adaptable floor plans with high ceilings.; Abundant natural light throughout.; Attractive landscaping and ample on-site parking.
    Request Owner's contact information
    1800 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
    1800 Perimeter Park Dr Morrisville, NC 27560
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