411 Aviation PkwyMorrisville, NC 27560

Property Details for 411 Aviation Pkwy

Year built

1985

Construction

BRICK

Lot size

4.02 AC

Property size (Sq ft)

7,430 SF

Zone code

IM

Property type

Office properties

Property subtype

Office buildings

APN

0755.10-47-0393 0135062

APU

755104703930135062

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $1,595,704

  6.5%

  $1,472,958

  7%

  $1,367,746

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,726,638

  Geo Method

  $1,705,482

• Alternative Use

  Use

  Valuation

  Residential

  $1,826,468

  Hospitality

  $1,673,034

  Educational

  $1,391,945

  Medical

  $1,439,816

  Retail

  $2,165,248

Location Insight

City

Morrisville

County

Wake

State

North Carolina

Latitude

35.8308

Longitude

-78.8176

CBSA code

39580

CBSA name

RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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