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    FOR LEASE
    Office buildings

    1800 Perimeter Park Dr, Morrisville, NC 27560

    53,640 SF 3.94 ac lot Built 1994
    Entity Owned 5-yr Hold Free & Clear
    Property ID
    US53-2074563
    Property summary
    AI-generated overview

    This exceptional Class A office building, situated in the prestigious RTP/I-40 Corridor of Morrisville, North Carolina, offers a prime opportunity for businesses seeking executive-level space. The two-story building, constructed in 1994, boasts a total of 53,135 square feet, with multiple suites available ranging from 4,128 to 27,837 contiguous square feet. Currently, 41,015 square feet are vacant, providing ample space for expansion or relocation. The property features an upscale lobby and common areas, significant glass exposure, and beautifully landscaped grounds within a corporate park setting. Its convenient location offers easy access to Interstates 40 and 540, and is just three minutes from Raleigh-Durham International Airport. On-site amenities include a fitness center, conference center, and walking trails, enhancing employee well-being and productivity. The building is also surrounded by over 50 restaurants and retailers, providing convenience and a vibrant atmosphere. The property benefits from responsive, proactive on-site property management, ensuring a seamless and efficient experience for tenants. This is an unparalleled opportunity to secure high-quality office space in a thriving business community. The building consists of three total suites within Wake County, zip code 27560, at 1800 Perimeter Park Drive.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 1994
    Construction BRICK
    Total area 53,640 SF
    Lot 3.94 ac (171,626 SF)
    Zoning code OI
    APN 0756.01-05-2533 0206767
    UPID US53-2074563
    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
    $10.04M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    $10.11M
    Blend (final) Blend
    $9.19M
    Owner & transaction history
    Perimeter Park Offices LP · 5 yrs held
    Perimeter Park Offices LP
    since 2020
    Last sale
    $7.9M
    3 recorded transactions
    2020
    $12.0M
    2017
    $8.4M
    2015
    $7.9M
    Zoning & alternative use
    OI · Morrisville, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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