Property summary
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
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The Industrial Management District accommodates industrial uses for example manufacturing, distribution, wholesale operations, warehouses, research facilities, flex space, and business parks that are compatible and integ…
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Morrisville market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2024Property description
Physical attributes from public recordsZoning & alternative use
IM · Morrisville, NCThe Industrial Management District accommodates industrial uses for example manufacturing, distribution, wholesale operations, warehouses, research facilities, flex space, and business parks that are compatible and integ…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The Industrial Management District accommodates industrial uses for example manufacturing, distribution, wholesale operations, warehouses, research facilities, flex space, and business parks that are compatible and integ…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for IM in Morrisville, NC.
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Find the owner behind the property.
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