Property profile

3400 Village Market Pl Morrisville, NC 27560

OFF-MARKET
Retail properties & Spaces
516,679 SF Built 2011
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Property summary

AI-generated overview

This exceptional retail opportunity is located within Park West Village, a thriving 100-acre mixed-use development in desirable Morrisville, North Carolina. The property boasts a total of 516,679 square feet, housed in a single-story building constructed in 2011. Seven retail spaces are currently available, ranging in size from 1,207 to 2,736 square feet, perfect for a variety of businesses. The center enjoys a prime location at the southwest corner of Cary Parkway and NC-54/Chapel Hill Road, providing excellent visibility and accessibility. Major transportation arteries, including Interstates 40, 540, and 85, as well as US Highways 64, 1, and 70, are easily accessible. Future infrastructure improvements, such as the extension of I-540 and I-40 south to US-1, will further enhance accessibility and customer reach. Park West Village is anchored by prominent national retailers including Target, Buy Buy Baby, TJ Maxx, Petsmart, Ross Dress for Less, Michaels, Homegoods, and the recently added Trader Joe's. This vibrant center also features upscale casual dining options and a movie theater, creating a dynamic shopping and entertainment destination within a larger community that includes luxury apartment homes. The property offers a unique opportunity to establish a presence in a high-traffic, affluent area with strong demographics. No elevators are present in the single-story building.

Property profile

Verified
Property type Retail properties & Spaces
Year built 2011
Total area 516,679 SF

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 Clothing & Fashion Store

Location

3400 Village Market Pl Morrisville, NC 27560
Morrisville metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

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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