1500 Perimeter Park Dr Morrisville, NC 27560
- Office buildings
- 80,374 SF
- 5.47 lot acres
Current Use by Public Records
- Office buildings
Property Details for 1500 Perimeter Park Dr
- Year built
- 1995
- Construction
- BRICK
- Lot size
- 5.47 lot acres
- Property size
- 80,374 SF
- Zone code
- OI
- Property type
- Office buildings
- APN
- 0756.01-05-9486 0219492
- APU
- 756010594860219492
Description
This exceptional Class A office building, situated in the desirable RTP/I-40 Corridor of Wake County, offers multiple executive office suites for lease. The three-story building, constructed in 1996, boasts a total of 80,067 square feet, with a significant 57,656 square feet currently vacant. Spaces range from a minimum of 12,486 square feet to a maximum contiguous area of 28,103 square feet, providing flexibility for businesses of various sizes. The property features an upscale lobby and common areas, designed for efficiency and functionality. Its corporate park setting offers a professional and appealing environment. Conveniently located off I-40 and I-540, it's just three minutes from Raleigh-Durham International Airport, ensuring easy access for clients and employees. On-site amenities include a fitness center, a conference center, and walking trails, enhancing the workplace experience. The building's location also benefits from the proximity of over 50 restaurants and retailers, providing ample dining and shopping options. The property is managed by a responsive and proactive on-site team, ensuring a seamless and positive experience for tenants. This is a prime opportunity to secure high-quality office space in a thriving business community.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $15,245,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $12,750,000
- 6.5%
- $12,680,000
- 7%
- $11,985,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $12,050,000
- Geo Method
- $11,020,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $10,035,000
- Retail
- $11,450,000
- Mixed-Use
- $10,515,000
- Hospitality
- $9,655,000
- Educational
- $10,985,000
- Residential Income
- $12,355,000
- Energy
- $10,075,000
- Income-Based Land
- $11,060,000
- Food Service
- $11,680,000
Location Insight
- Map
- Local Demand
- City
- Morrisville
- County
- Wake
- State
- North Carolina
- Longitude
- -78.8281
- Latitude
- 35.8529
- CBSA code
- 39580
- CBSA name
- RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
