Property profile

3005 Carrington Mill Blvd Morrisville, NC 27560

FOR LEASE
Office buildings
Property ID
US53-3915276
208,344 SF 14.59 ac lot Built 2007
Entity Owned 11-yr Hold Absentee Owner Free & Clear
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Property summary

AI-generated overview

This exceptional Class A office building, Perimeter One, located in the prestigious Perimeter Park at 3005 Carrington Mill Blvd, Morrisville, NC 27560, offers 204,000 square feet of prime executive office space. Built in 2007, the property boasts a modern design with efficient floorplates, a bright lobby, striking glass lines, and attractive landscaping including patio seating. Multiple suites are available, ranging from 3,809 to 18,245 contiguous square feet, with a total of 41,087 square feet currently vacant. The building's convenient location in the RTP/I-40 Corridor provides easy access to I-40 and I-540, and is only three minutes from Raleigh-Durham International Airport. Perimeter Park offers exceptional amenities including two on-site fitness centers, ample meeting space (including a large boardroom and training room), a café and lounge with Wi-Fi, and is surrounded by over 50 restaurants and retailers. Wake County location ensures access to a thriving business community. This property presents a unique opportunity for businesses seeking a sophisticated and well-appointed office environment in a highly desirable location. The building's three suites provide flexibility for various business needs.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING (MULTI-STORY)
Year built 2007
Total area 208,344 SF
Lot 14.59 ac (635,540 SF)
Zoning code OI
APN 0746.02-78-5633 0270700
UPID US53-3915276

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
  • (Bike/Boat/Book/etc) Store Corporate Office
  • General Contractor
  • Real Estate Agency
  • Corporate Office
  • (Bike/Boat/Book/etc) Store Corporate Office

Location

3005 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
$25.83M
Blend (final) Blend
$36.06M

Owner & transaction history

since 2015
3 recorded transactions
2018
Price N/A
2015
$44.5M
1969
Price N/A

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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