1700 Perimeter Park Dr Morrisville, NC 27560
- Office buildings
- 79,834 SF
- 5.06 lot acres
Current Use by Public Records
- Office buildings
Property Details for 1700 Perimeter Park Dr
- Year built
- 1997
- Construction
- BRICK
- Lot size
- 5.06 lot acres
- Property size
- 79,834 SF
- Zone code
- OI
- Property type
- Office buildings
- APN
- 0756.03-04-7824 0239458
- APU
- 756030478240239458
Description
This exceptional Class A executive office building, totaling 77,239 square feet, presents a unique single-tenant opportunity in Morrisville, NC. Situated at 1700 Perimeter Park Drive, this three-story building boasts stunning brick and glass construction, offering a prestigious and modern workspace. The property features a generous 14'3" ceiling height throughout, providing ample space and flexibility for various office configurations. With 362 parking spaces, ample parking is ensured for employees and visitors. The building is equipped with robust power infrastructure, including a 750 KVA switch gear with 2000 amps. Located in Wake County, this prime location offers unparalleled convenience, just three minutes from Raleigh-Durham International Airport and easily accessible from I-40 and I-540. On-site amenities include two fitness centers, a conference center, a tenant lounge, a pocket park with a putting green and bocce court, and seven miles of walking trails. The property is also surrounded by a vibrant mix of over 50 restaurants and retailers, providing employees with a wide array of dining and shopping options. This property benefits from responsive, proactive on-site property management, ensuring a seamless and efficient operational experience. This is an exceptional opportunity to acquire a fully vacant, high-quality office building in a thriving location.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $14,830,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $11,565,000
- 6.5%
- $12,415,000
- 7%
- $11,595,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $11,825,000
- Geo Method
- $11,310,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $13,510,000
- Retail
- $12,460,000
- Mixed-Use
- $12,200,000
- Hospitality
- $10,030,000
- Educational
- $11,200,000
- Residential Income
- $11,085,000
- Energy
- $13,845,000
- Income-Based Land
- $11,500,000
- Food Service
- $12,555,000
Location Insight
- Map
- Local Demand
- City
- Morrisville
- County
- Wake
- State
- North Carolina
- Longitude
- -78.8288
- Latitude
- 35.8514
- CBSA code
- 39580
- CBSA name
- RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
