4000 Paramount PkwyMorrisville, NC 27560

Property Details for 4000 Paramount Pkwy

Year built

2020

Lot size

18.66 AC

Property size (Sq ft)

95,034 SF

Zone code

OI

Property type

Office buildings

APN

0756.01-07-3929 0365269

APU

756010739290365269

Description

This exceptional 9,212 square foot office space is located within the prestigious Perimeter Park development at 4000 Paramount Parkway, Morrisville, NC 27560. Part of a newly constructed (2021), three-story, Class A building totaling 90,000 square feet, this space offers a modern and efficient layout. The building boasts approximately 32,000 square foot floor plates, a bright and inviting lobby, striking glass lines, and ample parking. Prominent signage opportunities are available for enhanced brand visibility. The property benefits from its location within Perimeter Park, a master-planned development featuring beautifully landscaped green spaces, lakes, and over seven miles of walking trails. On-site amenities include a fitness center, and the surrounding area offers convenient access to restaurants, shops, services, and hotels. Virus mitigation measures were incorporated during the building's construction. This space is ideal for businesses seeking a high-quality, modern office environment in a vibrant and amenity-rich location. The property is zoned for office and retail use, and multiple tenancies are possible.

• CAP approach

  CAP return

  Valuation

  6%

  $20,409,978

  6.5%

  $18,839,980

  7%

  $17,494,268

• Comparable approach

  Method

  Valuation

  Relative Method

  $22,084,698

  Geo Method

  $21,814,104

• Alternative Use

  Use

  Valuation

  Residential

  $23,361,576

  Hospitality

  $21,399,078

  Educational

  $17,803,782

  Medical

  $18,416,080

  Retail

  $27,694,772

Location Insight

City

Morrisville

County

Wake

State

North Carolina

Latitude

35.8601

Longitude

-78.8302

CBSA code

39580

CBSA name

RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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