Property profile

411 Aviation Pkwy Morrisville, NC 27560

OFF-MARKET
Office buildings
Property ID
US53-0689938
7,430 SF 4.02 ac lot Built 1985
Entity Owned 1-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 37,112-square-foot industrial building presents a rare opportunity for owner-occupancy or investment. Located at 411 Aviation Parkway in Morrisville, North Carolina, this Class B property boasts a prime location directly adjacent to Raleigh-Durham International Airport (RDU), offering unparalleled access to major transportation arteries. The building features a flexible layout suitable for manufacturing or flex-use businesses, with a generous ceiling height of 15 feet. Two loading docks and two dock-high doors ensure efficient loading and unloading operations. Currently vacant, this property is offered at an asking price of $7,600,000, translating to $204.79 per square foot. The lease type is NNN (Net, Net, Net), providing a clear understanding of operating costs. The property's strategic location near RDU, combined with its functional design and ample space, makes it an ideal choice for businesses seeking a high-visibility presence in a thriving market. This is a hard-to-find opportunity in a highly desirable location. The property is situated in Wake County, North Carolina, with a zip code of 27560. The building's size and features make it suitable for a variety of industrial and manufacturing uses. Don't miss this chance to acquire a well-positioned industrial asset in a rapidly growing area.

Property profile

Verified
Property type Office buildings
Use group OFFICE BUILDING
Year built 1985
Construction BRICK
Total area 7,430 SF
Lot 4.02 ac (175,111 SF)
Zoning code IM
APN 0755.10-47-0393 0135062
UPID US53-0689938

Cap rate & NOI

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

Location

411 Aviation Pkwy Morrisville, NC 27560-9144
Morrisville metro Census 53609 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2024
Last sale
$6.0M
5 recorded transactions
2024
$6.0M
2011
$1.9M
2010
Price N/A
2007
$1.3M
2007
Price N/A

Zoning & alternative use

IM · Morrisville, NC
Zoning description

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…

General category INDUSTRIAL

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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