Property profile

2250 Perimeter Park Dr Morrisville, NC 27560

FOR LEASE
Office buildings
Property ID
US53-1253164
110,970 SF 7.87 ac lot Built 2008
Entity Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional Class A office building, constructed in 2008, offers multiple executive office suites in a prime Morrisville, NC location. The three-story building totals 107,173 square feet, with available spaces ranging from 11,383 to 14,649 contiguous square feet. A total of 26,032 square feet is currently vacant, providing flexibility for businesses of various sizes. The efficient floor plan design maximizes space utilization. Situated in Wake County, at 2250 Perimeter Park Drive, zip code 27560, this property boasts convenient access to Interstates 40 and 540, placing it just three minutes from Raleigh-Durham International Airport (RDU). The building's corporate setting is enhanced by beautifully landscaped grounds, including two on-site fitness centers, a tenant cafe with patio, a conference center, and an extensive seven-mile network of walking trails. The location also offers unparalleled convenience with over 50 restaurants and retailers within easy reach. On-site property management ensures responsive and proactive service. This is a truly exceptional opportunity for businesses seeking a prestigious and amenity-rich office environment.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 2008
Total area 110,970 SF
Lot 7.87 ac (342,817 SF)
Zoning code OI
APN 0746.04-94-7996 0240162
UPID US53-1253164

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store Corporate Office
  • Corporate Office
  • Employment Agency
  • Employment Agency
  • Tech Support Center IT Consulting Firm

Location

2250 Perimeter Park Dr Morrisville, NC 27560
Morrisville metro Census 53609 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$11.90M
CAP Approach CAP
by Request
Comparable Approach Comparable
$10.19M
Blend (final) Blend
$17.41M

Owner & transaction history

since 2020
Last sale
$13.6M
3 recorded transactions
2020
$24.1M
2017
$18.1M
2015
$13.6M

Zoning & alternative use

OI · Morrisville, NC
Zoning description

The Office and Institutional District accommodates largescale regional office developments that feature high visual quality and high trip generating uses, including office parks, research and development parks, corporate…

General category CIVIC_INSTITUTIONAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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