630 Davis DrMorrisville, NC 27560

Property Details for 630 Davis Dr

Year built

1998

Lot size

6.20 AC

Property size (Sq ft)

65,443 SF

Zone code

OI(D)

Property type

Office properties

Property subtype

Office buildings

APN

157888

APU

157888

Description

This exceptional Class A office building, located at 630 Davis Drive in Morrisville, North Carolina, offers a variety of executive suite options. Situated in Durham County, near Research Triangle Park and I-885, this 57,757 square foot building underwent extensive renovations in 2022. Multiple tenancy options are available, with spaces ranging from a minimum of 4,874 square feet to a maximum contiguous space of 12,927 square feet. Currently, 25,743 square feet of space is vacant and ready for immediate occupancy. The building boasts modern amenities including one elevator and ample parking, with a ratio of four parking spaces per 1,000 square feet. Built in 1998, this property provides unparalleled access to networking and collaboration opportunities, ideal for businesses in the technology and science sectors. The building's convenient location offers easy access to major transportation routes and a thriving business community. This is a unique opportunity to secure high-quality office space in a prime location within the Research Triangle region. The zip code is 27560.

• CAP approach

  CAP return

  Valuation

  6%

  $14,054,867

  6.5%

  $12,973,724

  7%

  $12,047,029

• Comparable approach

  Method

  Valuation

  Relative Method

  $15,208,124

  Geo Method

  $15,021,786

• Alternative Use

  Use

  Valuation

  Residential

  $16,087,417

  Hospitality

  $14,735,988

  Educational

  $12,260,169

  Medical

  $12,681,815

  Retail

  $19,071,374

Location Insight

City

Morrisville

County

Durham

State

North Carolina

Latitude

35.8734

Longitude

-78.8638

CBSA code

20500

CBSA name

DURHAM-CHAPEL HILL, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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