1800 Perimeter Park Dr Morrisville, NC 27560
- Office buildings
- 53,640 SF
- 3.94 lot acres
Current Use by Public Records
- Office buildings
Property Details for 1800 Perimeter Park Dr
- Year built
- 1994
- Construction
- BRICK
- Lot size
- 3.94 lot acres
- Property size
- 53,640 SF
- Zone code
- OI
- Property type
- Office buildings
- APN
- 0756.01-05-2533 0206767
- APU
- 756010525330206767
Description
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.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $10,070,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $7,350,000
- 6.5%
- $7,605,000
- 7%
- $7,870,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $8,735,000
- Geo Method
- $7,450,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $7,250,000
- Retail
- $8,285,000
- Mixed-Use
- $8,660,000
- Hospitality
- $9,045,000
- Educational
- $6,995,000
- Residential Income
- $8,365,000
- Energy
- $9,635,000
- Income-Based Land
- $8,900,000
- Food Service
- $7,265,000
Location Insight
- Map
- Local Demand
- City
- Morrisville
- County
- Wake
- State
- North Carolina
- Longitude
- -78.8301
- Latitude
- 35.8534
- CBSA code
- 39580
- CBSA name
- RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
