4000 Paramount PkwyMorrisville, NC 27560

  • Office properties
  • 95,034 SF
For Lease
$30/SF/YR View listing

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 properties
Property subtype
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.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • 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
4000 Paramount Pkwy, Morrisville, North Carolina

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

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$205,447
$2,491,907
$16,781,873
$19,273,780
-
$2,491,907
$16,781,873
$19,273,780

FAQs

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