627 Davis DrMorrisville, NC 27560

Property Details for 627 Davis Dr

Year built

1999

Lot size

7.61 AC

Property size (Sq ft)

86,355 SF

Zone code

IL

Property type

Office buildings

APN

157891

APU

157891

Description

This exceptional Class A executive office space, totaling 15,996 square feet, is available for lease at 627 Davis Drive in Morrisville, North Carolina. Located in Durham County, this property offers a unique opportunity for businesses seeking a prestigious and modern workspace. The entire building is currently vacant, presenting a blank canvas for a single tenant to customize the space to their exact specifications. The building's "Executive Office" subtype suggests a high-end finish and amenities, ideal for companies seeking to project a professional image. The address is conveniently situated at 627 Davis Dr, Morrisville, NC 27560, offering easy access to major transportation routes and local amenities. With its substantial square footage and prime location, this property is perfectly suited for a variety of businesses seeking a significant presence in the thriving Morrisville market. The multiple tenancy designation indicates flexibility in lease terms and potential for subleasing, should the need arise. This is a rare opportunity to secure a substantial, high-quality office space in a desirable location. The property's 15,996 square feet provides ample room for expansion and growth, making it an attractive option for businesses of all sizes. Interested parties are encouraged to inquire for further details and leasing options.

• CAP approach

  CAP return

  Valuation

  6%

  $18,546,034

  6.5%

  $17,119,416

  7%

  $15,896,600

• Comparable approach

  Method

  Valuation

  Relative Method

  $20,067,808

  Geo Method

  $19,821,926

• Alternative Use

  Use

  Valuation

  Residential

  $21,228,076

  Hospitality

  $19,444,802

  Educational

  $16,177,848

  Medical

  $16,734,229

  Retail

  $25,165,540

Location Insight

City

Morrisville

County

Durham

State

North Carolina

Latitude

35.8701

Longitude

-78.8604

CBSA code

20500

CBSA name

DURHAM-CHAPEL HILL, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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