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    FOR LEASE
    Office buildings

    1700 Perimeter Park Dr, Morrisville, NC 27560

    79,834 SF 5.06 ac lot Built 1997
    Entity Owned 5-yr Hold Free & Clear
    Property ID
    US53-2194355
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1997
    Construction BRICK
    Total area 79,834 SF
    Lot 5.06 ac (220,414 SF)
    Zoning code OI
    APN 0756.03-04-7824 0239458
    UPID US53-2194355
    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
    $12.29M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $15.42M
    Blend (final) Blend
    $13.14M
    Owner & transaction history
    Perimeter Park Offices LP · 5 yrs held
    Perimeter Park Offices LP
    since 2020
    Last sale
    $11.6M
    5 recorded transactions
    2020
    $17.4M
    2017
    2017
    $13.6M
    2015
    $11.6M
    1969
    Zoning & alternative use
    OI · Morrisville, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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