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    FOR LEASE
    Office buildings

    4000 Paramount Pkwy, Morrisville, NC 27560

    95,034 SF 18.66 ac lot Built 2020
    Entity Owned 3-yr Hold Free & Clear
    Property ID
    US53-3555749
    Property summary
    AI-generated overview

    This exceptional 9,212 square foot office space is located within the prestigious Perimeter Park development at 4000 Paramount Parkway, Morrisville, NC 27560. Part of a newly constructed (2021), three-story, Class A building totaling 90,000 square feet, this space offers a modern and efficient layout. The building boasts approximately 32,000 square foot floor plates, a bright and inviting lobby, striking glass lines, and ample parking. Prominent signage opportunities are available for enhanced brand visibility. The property benefits from its location within Perimeter Park, a master-planned development featuring beautifully landscaped green spaces, lakes, and over seven miles of walking trails. On-site amenities include a fitness center, and the surrounding area offers convenient access to restaurants, shops, services, and hotels. Virus mitigation measures were incorporated during the building's construction. This space is ideal for businesses seeking a high-quality, modern office environment in a vibrant and amenity-rich location. The property is zoned for office and retail use, and multiple tenancies are possible.

    Property profile
    Verified
    Property type Office buildings
    Use group OFFICE BUILDING
    Year built 2020
    Total area 95,034 SF
    Lot 18.66 ac (812,830 SF)
    Zoning code OI
    APN 0756.01-07-3929 0365269
    UPID US53-3555749
    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
    by Request
    CAP Approach CAP
    $27.43M
    Comparable Approach Comparable
    $23.30M
    Blend (final) Blend
    $27.86M
    Owner & transaction history
    Alpha Z Raleigh Office 3 LLC · 3 yrs held
    Alpha Z Raleigh Office 3 LLC
    since 2022
    Last sale
    $29.2M
    2 recorded transactions
    2022
    $29.2M
    2015
    $1.6M
    Zoning & alternative use
    OI · Morrisville, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Top alternative use upside
    Retail stores $43.9M +116.8%
    Auto repair, garage $40.1M +98.2%
    Medical building $32.7M +61.6%
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    More about this property
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