Property profile & analytics
1700 Perimeter Park Dr Morrisville, NC 27560-8404
- Office buildings
- 79,834 SF
- 5.06 lot acres
OFF-MARKET
Last Sale
Nov 18, 2020
Nov 18, 2020
$11,586,000
Value Estimations
$13,140,000
Show details
Cap Rate Potential
Location Intelligence
Property ID
US53-2194355
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
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 Estimations
based on Realmo’s proprietary methodology
-
AI approach
- Method
- Estimation
- Statistic approach
- $14,830,000
- ML approach
- $12,285,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $15,416,000
Market price range: $12.6M - $22.2M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $17,015,000 Current use
Get a detailed, property-specific valuation — fast and free
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
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$136,225
$1,763,312
$10,989,801
$12,753,113
-
$1,763,312
$10,989,801
$12,753,113
