Financial
Distress signals
Property profile

2250 Perimeter Park Dr Morrisville, NC 27560

FOR LEASE
Office buildings
Property ID
US53-1253164
110,970 SF 7.87 ac lot Built 2008
Last sale Nov 2020 · $24,132,500
Entity Owned Owner of record is a legal entity (LLC / corporation). 5-yr Hold Held for 5 years. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

This exceptional Class A office building, constructed in 2008, offers multiple executive office suites in a prime Morrisville, NC location. The three-story building totals 107,173 square feet, with available spaces ranging from 11,383 to 14,649 contiguous square feet. A total of 26,032 square feet is currently vacant, providing flexibility for businesses of various sizes. The efficient floor plan design maximizes space utilization. Situated in Wake County, at 2250 Perimeter Park Drive, zip

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Mortgages

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$199k
Tax billed · 2023
Assessed value$18.57M
Assessed land$2.67M
Assessed improvement$15.91M
Effective rate1.07%

Value estimate

· Sep 2026
$17.41M
$15.66M – $19.15M
AI approach$11.90M
Submarket $/SF estimate$10.19M
NOI build-up
Gross scheduled income$2.64M
Vacancy & credit loss−$443k
Operating expenses−$548k
NOI · 5,875,528.57% cap applied$1.65M

Realmo valuation models over county records.

Recently sold

What actually traded nearby?
$213/SF
ZIP average, outlier-cleaned · 34 recorded sales of this use type
Observed band · Q1–Q3$157 – $279

Cap rate analysis

How does the asset earn?
5,875,528.57%
$1.65M estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

What can be built here?
OI
The Office and Institutional District accommodates largescale regional office developments that feature high visual quality and high trip...
General categoryCIVIC_INSTITUTIONAL
JurisdictionWAKE

Location intelligence

Which uses thrive at this corner?
Best fit: Auto Parts Store
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Auto Parts Store10.4
Hair Salon10.2
Dental Office9.1

Location

2250 Perimeter Park Dr Morrisville, NC 27560
County assessor Recorded deeds · 3 transfers Qualifying comp sales · not on file Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 15 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
2121 Rdu Ctr, Morrisville, NC 27560-6250 $23,250,000 Oct 2023 116,308 SF
4000 Paramount, Morrisville, NC 27560-4700 $29,200,000 Jul 2022 95,034 SF
630 Davis, Morrisville, NC 27560-0347 $8,750,000 Mar 2022 65,443 SF
831 Slater, Morrisville, NC 27560 $36,793,000 May 2021 145,704 SF
1600 Perimeter Park, Morrisville, NC 27560-0196 $13,663,000 Nov 2020 94,717 SF
1700 Perimeter Park, Morrisville, NC 27560-8404 $11,586,000 Nov 2020 79,834 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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