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Financial
Distress signals
Property profile

3500 Gateway Centre Blvd Morrisville, NC 27560

FOR LEASE
Warehouses
Property ID
US53-5675149
19,300 SF 2.02 ac lot Built 1997
Last sale Jun 2019 · $3,000,000
Entity Owned Owner of record is a legal entity (LLC / corporation). 7-yr Hold Held for 7 years. ~ Est. High Equity Modeled equity is high. Estimate, not a fact.
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3500 Gateway Centre Blvd, Morrisville, NC 27560 For Lease
$19.40 SF/Yr
3500 Gateway Centre Blvd, Morrisville, NC 27560
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Property summary

AI-generated overview

This exceptional single-story, 19,600-square-foot office building in Morrisville, NC's RTP submarket presents a rare leasing opportunity. Built in 1997 and renovated in 2017, the property boasts a 14-foot ceiling height and is currently divisible into suites, with a minimum of 8,475 square feet available. The building features approximately 95% office build-out, offering flexibility for conversion to lab or flex space, making it ideal for owner-users seeking adaptable space. Its strategic…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. In the full report.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with the full report.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — in the full report.

Property tax · 2023

What does the county charge?
$28k
Tax billed · 2023
Assessed value$2.81M
Assessed land$408k
Assessed improvement$2.40M
Effective rate1.00%

Value estimate

· Oct 2026
$2.47M
$2.22M – $2.71M
CAP approach$2.31M
Submarket $/SF estimate$2.37M

Realmo valuation models over county records and 6 qualifying comparable sales.

Recently sold

What actually traded nearby?
$214/SF
ZIP average, outlier-cleaned · 47 recorded sales of this use type
Observed band · Q1–Q3$123 – $284
Qualifying comparables6

Cap rate analysis

How does the asset earn?

No income signal is modeled for this parcel yet — the Cap Rates tab runs the workflow.

Zoning insight

What can be built here?
ORD
JurisdictionWAKE

Location intelligence

Which uses thrive at this corner?
Best fit: Locksmith
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Locksmith8.6
Auto Parts Store8.2
Bakery8.1

Location

3500 Gateway Centre Blvd Morrisville, NC 27560
County assessor Recorded deeds · 2 transfers 6 qualifying comp sales Zoning catalog

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

6 recorded sales · 18 properties nearby
Recent sales nearby
6 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
155 Kitty Hawk, Morrisville, NC 27560-8511 $2,100,000 Feb 2025 10,000 SF
300 Dominion Dr, Morrisville, NC 27560-9092 $2,836,000 Dec 2024 11,803 SF
213 International, Morrisville, NC 27560-8411 $4,100,000 Apr 2023 15,888 SF
401 Kitty Hawk, Morrisville, NC 27560-8271 $782,000 Mar 2023 20,800 SF
10802 Chapel Hl, Morrisville, NC 27560-8850 $4,950,000 Dec 2021 29,000 SF
400 Kitty Hawk, Morrisville, NC 27560-8514 $3,700,000 Jun 2021 28,160 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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