1800 Perimeter Park DrMorrisville, NC 27560

Property Details for 1800 Perimeter Park Dr

Year built

1994

Construction

BRICK

Lot size

3.94 AC

Property size (Sq ft)

53,640 SF

Zone code

OI

Property type

Office buildings

APN

0756.01-05-2533 0206767

APU

756010525330206767

Description

This exceptional Class A office building, situated in the prestigious RTP/I-40 Corridor of Morrisville, North Carolina, offers a prime opportunity for businesses seeking executive-level space. The two-story building, constructed in 1994, boasts a total of 53,135 square feet, with multiple suites available ranging from 4,128 to 27,837 contiguous square feet. Currently, 41,015 square feet are vacant, providing ample space for expansion or relocation. The property features an upscale lobby and common areas, significant glass exposure, and beautifully landscaped grounds within a corporate park setting. Its convenient location offers easy access to Interstates 40 and 540, and is just three minutes from Raleigh-Durham International Airport. On-site amenities include a fitness center, conference center, and walking trails, enhancing employee well-being and productivity. The building is also surrounded by over 50 restaurants and retailers, providing convenience and a vibrant atmosphere. The property benefits from responsive, proactive on-site property management, ensuring a seamless and efficient experience for tenants. This is an unparalleled opportunity to secure high-quality office space in a thriving business community. The building consists of three total suites within Wake County, zip code 27560, at 1800 Perimeter Park Drive.

• CAP approach

  CAP return

  Valuation

  6%

  $13,056,000

  6.5%

  $12,051,700

  7%

  $11,190,900

• Comparable approach

  Method

  Valuation

  Relative Method

  $12,465,300

  Geo Method

  $12,312,500

• Alternative Use

  Use

  Valuation

  Industrial / Distribution

  $25,927,200

  Retail / Commercial

  $12,864,600

  Mixed-Use / Specialty

  $12,479,300

  Hospitality / Lodging

  $8,713,800

  Institutional / Educational

  $12,852,200

  Residential Income

  $15,037,100

  Multifamily

  $19,916,300

  Automotive / Energy

  $11,016,200

  Parking / Income-Based Land

  $4,136,870

  Restaurant / Food Service

  $5,766,240

  Healthcare / Senior Housing

  $13,145,400

Location Insight

City

Morrisville

County

Wake

State

North Carolina

Latitude

35.8534

Longitude

-78.8301

CBSA code

39580

CBSA name

RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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