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    FOR LEASE
    Office buildings

    1500 Perimeter Park Dr, Morrisville, NC 27560

    80,374 SF 5.47 ac lot Built 1995
    Entity Owned 5-yr Hold Free & Clear
    Property ID
    US53-2104079
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1995
    Construction BRICK
    Total area 80,374 SF
    Lot 5.47 ac (238,273 SF)
    Zoning code OI
    APN 0756.01-05-9486 0219492
    UPID US53-2104079
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    $12.20M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $16.66M
    Blend (final) Blend
    $12.58M
    Owner & transaction history
    Perimeter Park Offices LP · 5 yrs held
    Perimeter Park Offices LP
    since 2020
    Last sale
    $11.9M
    3 recorded transactions
    2020
    $18.0M
    2017
    $13.9M
    2015
    $11.9M
    Zoning & alternative use
    OI · Morrisville, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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    More about this property
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