Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    600 Airport Blvd Morrisville, NC 27560

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Located near RDU Airport and Research Triangle Park.

    Type:Office, Industrial
    Added:
    Apr 16, 2020
    Days on Market:
    2193
    Last Refresh:
    Mar 17 at 1:17 pm

    Property Features for 600 Airport Blvd

    General Information

    Standard status
    Active
    Property subtype
    Office, Industrial

    Building Details

    Year Built
    1997

    Spaces For Lease

    at 600 Airport Blvd Contact us

    Bldg. 598, Suite 1300 $17 /Mo

    Size
    1,878 SF
    Type
    Office, Industrial
    TICAM: $5.04/SF (2025 Estimate)
    Contact us

    We can help!

    Listing Contact
    Aldene "Dee" Creech Osborne

    Listing agent Aldene "Dee" Creech Osborne License #NC

    Listing office Lee & Associates - Raleigh Durham

    Listing date Apr 16, 2020

    Source Crexi

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of Lee & Associates - Raleigh Durham

    Overview

    Conveniently Located Commercial Space

    This commercial property is located approximately 2 miles from RDU International Airport and 3 miles from Research Triangle Park. It offers direct access to I-40 via the Airport Boulevard exit. The location is central to Raleigh, Durham, Cary, and Chapel Hill. The property can be used as flex space, industrial space, office space, warehouse space, or other commercial real estate.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Flex space

    Suggested Use

    Real Estate Agency Restaurant Law Firm Spa & Massage Center Dental Office Auto Repair Shop Building Supply Big Box & Wholesale Store Nail Salon Auto Parts Store

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

    Similar Places Nearby

    • Sangam Mart - Satellite Kitchen — 100 Jerusalem Dr #108, Morrisville, NC 27560

    Location Insight

    • Map
    • Local Demand
    City
    Morrisville
    County
    Wake
    State
    North Carolina
    Longitude
    -78.8257793
    Latitude
    35.8502663

    Nearby Similar for Lease

    • $20/mo

      Flexible Commercial Space in Morrisville

      Strategically located commercial property with expansion potential in Research Triangle.
      117 International Drive, Morrisville, NC 27560
      View Details
    • Sponsored
      Contact for pricing

      NC, Morrisville- Gateway Center Blvd

      3300 Gateway Centre Blvd, Morrisville, NC 27560
      View Details
    • $25/mo

      Plug-and-Play Office Sublease Opportunity

      Class A office suite available for short-term sublease in Morrisville.
      2803 Slater Rd, Morrisville, NC 27560
      View Details
    • $32/mo

      Modern Class A Office Building

      Class A office building in Perimeter Park near RDU Airport.
      3005 Carrington Mill Blvd, Morrisville, NC 27560
      View Details
    • $28/mo

      Class A Office Building

      Three-story Class A office building in corporate park setting.
      1500 Perimeter Park Drive, Morrisville, NC 27560
      View Details
    • $33/mo

      Modern Class-A Office Building

      Class-A office building near Raleigh-Durham Airport with modern amenities.
      3025 Carrington Mill Blvd, Morrisville, NC 27560
      View Details
    • $28/mo

      Class A Office Building

      Two-story office building with amenities and easy highway access.
      2000 Perimeter Park Dr, Morrisville, NC 27560
      View Details
    • Contact for pricing

      Office and Warehouse Flex Space

      Flex space with office and warehouse components available for lease.
      10404 Chapel Hill Rd, Morrisville, NC 27560
      View Details
    • $32/mo

      Modern Office Space in Morrisville

      Modern office building in a master-planned development near RDU.
      3015 Carrington Mill Blvd, Morrisville, NC 27560
      View Details
    • $28/mo

      Class A Office Building

      Class A office building in corporate park setting near airport.
      1800 Perimeter Park Drive, Morrisville, NC 27560
      View Details
    • $28/mo

      Class A Office Building

      Three-story Class A office building near RDU International Airport.
      2250 Perimeter Park Dr, Morrisville, NC 27560
      View Details
    • $27/mo

      Class A Office Building For Rent

      Two-story office building with modern renovations near Raleigh-Durham Airport.
      5200 W Paramount Parkway, Morrisville, NC 27560
      View Details

    FAQs

    What type of property is this?
    Flex space - Located near RDU Airport and Research Triangle Park.
    Where is this flex space located?
    The property is located at 600 Airport Blvd Morrisville, NC.
    What are key features of this property?
    This property features: Prime Location: Centrally located between Raleigh, Durham, Cary, and Chapel Hill.; Convenient Airport Access: Located just 2 miles from RDU International Airport.; Proximity to Research Triangle Park: Only 3 miles from Research Triangle Park.
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Aldene "Dee" Creech Osborne
    Real Estate License ID: NC
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!