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    FOR LEASE
    Warehouses

    251 Dominion Dr, Morrisville, NC 27560

    24,000 SF 3.72 ac lot Built 1997
    Entity Owned Absentee Owner ~ Est. High Equity
    Property ID
    US53-0280666
    Property summary
    AI-generated overview

    This exceptional 1,500 square foot space is available for lease within the Commonwealth Business Center at 251 Dominion Drive in Wake County. Located just one mile from I-40, via Aviation Parkway, this property offers unparalleled convenience with its proximity to major transportation arteries. It's approximately two miles from Raleigh-Durham International Airport (RDU) and a short 1.5-mile drive to NC Highway 54, placing you within a five-minute commute to the Research Triangle Park. The building itself boasts a total of 24,350 square feet, featuring a unique 50/50 split between office and warehouse space, ideal for a variety of businesses. The space is fully air-conditioned for year-round comfort. Utilities are separately metered for efficient cost management, and tenants are responsible for their own janitorial services. The property includes two dock-high doors, enhancing logistical efficiency for warehouse operations. This multi-tenant building presents a fantastic opportunity for businesses seeking a blend of office and warehouse functionality in a highly desirable location. The available space is part of a larger building with multiple tenants.

    Property profile
    Verified
    Property type Warehouses
    Use group WAREHOUSE, STORAGE
    Year built 1997
    Construction CONCRETE BLOCKS
    Total area 24,000 SF
    Lot 3.72 ac (162,043 SF)
    Zoning code IM
    APN 0756.04-51-8145 0163467
    UPID US53-0280666
    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
    $2.46M
    CAP Approach CAP
    $2.87M
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $2.36M
    Owner & transaction history
    Ac Dominion LLC
    Ac Dominion LLC
    since 2025
    Last sale
    $2.0M
    7 recorded transactions
    2025
    $5.2M
    2025
    2025
    2025
    2023
    2016
    2011
    Zoning & alternative use
    IM · Morrisville, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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