Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1101Aviation Pkwy Morrisville, NC 27560
    Back to Search
    Property profile & analytics

    1101Aviation Pkwy Morrisville, NC 27560

    View on Map
    • Office Spaces
    • 4,608 SF
    Off-Market
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Office Spaces

    Property Details for 0 1101Aviation Pkwy

    Property size
    4,608 SF
    Property type
    Office Spaces
    Property subtype
    Industrial properties

    Description

    This exceptional 2,310 square foot office and flex space is ideally located at 1101 Aviation Parkway, Suite E, in Morrisville, North Carolina, within Wake County. Part of the Commonwealth Center, this multi-tenant building offers a total of 4,608 square feet. The available space presents a fantastic opportunity for businesses seeking a modern and efficient workspace. The property features one convenient drive-in bay, adding to its practicality and accessibility. The suite is classified as both executive office and flex space, providing versatility for various business needs and configurations. Its location in Morrisville, NC, offers easy access to major transportation routes and amenities, making it an attractive option for companies seeking a strategic location in the Research Triangle area. The property is currently available for lease and presents a unique chance to secure a well-appointed space in a thriving business community. The building's classification as both office and industrial reflects its adaptability to a range of business operations. With 2,310 square feet of vacant space, this property is ready for immediate occupancy. The zip code is 27560. This is a prime opportunity to establish or expand your business in a desirable location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Location Insight

    • Map
    • Local Demand
    City
    Morrisville
    County
    Wake
    State
    North Carolina
    Longitude
    -78.8099
    Latitude
    35.8402

    Comparable in this City

    • Value Estimation by Request
      24,206 SF

      10315 Chapel Hill Rd

      Distribution properties • 24,206 SF
      10315 Chapel Hill Rd, Morrisville, NC 27560
      View Details
    • Value Estimation by Request
      200,000 SF

      1015 Sync St

      Office Spaces • 200,000 SF
      1015 Sync St, Morrisville, NC 27560
      View Details
    • Value Estimation by Request
      35,350 SF

      703 Slater Rd

      Medical Office Space • 35,350 SF
      703 Slater Rd, Morrisville, NC 27560
      View Details
    • Value Estimation by Request

      120 Morrisville Square Way

      Restaurants
      120 Morrisville Square Way, Morrisville, NC 27560
      View Details
    • Value Estimation
      $780,000
      4,645 SF

      5920 Miami Blvd Ste, Unit 101

      CONDOMINIUM OFFICES • 4,645 SF
      5920 Miami Blvd Ste, Morrisville, NC 27560-8305
      View Details
    • Value Estimation by Request
      35,350 SF

      703 Slater Rd

      Office Spaces • 35,350 SF
      703 Slater Rd, Morrisville, NC 27560
      View Details

    Similar Nearby for Sale

    • $2,150,000
      8,000 SF

      Dominion Drive Office Building

      8,000 SF Flex Office Space in Morrisville, NC
      250 Dominion Dr, Morrisville, NC 27560
      View Details
    • $887,000
      1.00 Acre

      Commercial Property in Morrisville, NC

      Strategic investment opportunity in Morrisville's industrial and business corridor.
      718 Airport Blvd, Morrisville, NC 27560
      View Details
    • Contact for pricing

      New Class A Flex Industrial

      30,000 SF flex industrial property for sale or lease.
      150 Kitty Hawk Dr, Morrisville, NC 27560
      View Details
    • Contact for pricing
      1,867 SF

      Hopson Road Commercial Land Opportunity

      Approximately 0.692-acre site in the heart of RTP.
      4503 Hopson Rd, Morrisville, NC 27560
      View Details
    • Contact for pricing
      33,000 SF

      Retail and Office Development Land

      Two parcels totaling ±4.585 acres with approved site plan.
      5802 S Miami Blvd, Durham, NC 27560
      View Details
    • Contact for pricing

      Retail and Office Development Site

      Approved site for 33,000 SF retail and office development.
      5802 S Miami Blvd, Durham, NC 27560
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Conveniently Located Commercial Space

      Located near RDU Airport and Research Triangle Park.
      600 Airport Blvd, Morrisville, NC 27560
      View Details
    • Contact for pricing

      Conveniently Located Flex Space

      Flex space near I-40 and RDU Airport.
      2700 Gateway Centre Blvd, Morrisville, NC 27560
      View Details
    • $20 SF/Yr
      36,000 SF

      Flexible Commercial Space in Morrisville

      Strategically located commercial property with expansion potential in Research Triangle.
      117 International Dr, Morrisville, NC 27560
      View Details
    • Contact for pricing
      56,983 SF

      Cary Flex Building For Rent

      56,983 SF flex building available near RDU Airport.
      3200 Gateway Centre Blvd, Cary, NC 27560
      View Details
    • $18 SF/Yr
      1,500 SF

      Flex Space Near RDU Airport

      Flex units available near I-40 and RDU International Airport.
      251 Dominion Dr, Morrisville, NC 27560
      View Details
    • Contact for pricing

      Flex Property Near RDU Airport

      Flex property with easy access to major transport routes.
      400 Dominion Dr, Morrisville, NC 27560
      View Details
    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.
    1101Aviation Pkwy
    Morrisville, NC 27560
    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

    Thank You for Inquiry
    1101Aviation Pkwy, Morrisville, NC, 27560
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!