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    OFF-MARKET
    Office buildings

    411 Aviation Pkwy, Morrisville, NC 27560-9144

    7,430 SF 4.02 ac lot Built 1985
    Entity Owned 1-yr Hold ~ Est. High Equity
    Property ID
    US53-0689938
    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
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Blend (final) Blend
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    Owner & transaction history
    Cregger Capital Investments INC · 1 yrs held
    Cregger Capital Investments INC
    since 2024
    Last sale
    $6.0M
    5 recorded transactions
    2024
    $6.0M
    2011
    $1.9M
    2010
    2007
    $1.3M
    2007
    Zoning & alternative use
    IM · Morrisville, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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