3604 Louis Stephens Drive

Off-Market

3604 Louis Stephens Drive, Morrisville, NC 27560

This property is off-market. Unlock in-depth property data and market insights by signing up to CommercialEdge.

  • Property Type Office - General Office
  • Property Size 90,000 SF
  • Lot Size 20.63 Acre
  • Parking Spaces Avail. 152
  • Parking Ratio 1.69 / 1,000 SF
  • Property Tenancy Single Tenant
  • Building Class B
  • Year Built 2009

Contacts

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Owner

  • True Owner
  • Registered Owner

Tenants

Suite Name Tenant Leased
Space
Rent Price Lease
Type
Space
Type
Lease Term
370 17th Street #5500 MERRILL, (303) 446-5500 23,824 SF $23/SF/YR Modified
Gross
General
Office
11/01/2014-
N/A
370 17th Street
#6000
Morrison & Foerster,
(303) 592-1500
10,710 SF $26/SF/YR Full
Service
General
Office
08/01/2013-
07/31/2023
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Brokers

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Documents

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Sales

  • Purchase Price
  • Arm's Length True
  • Buyer Name

Mortgages

  • Current Lender
  • Loan Amount
  • Loan Origination Date

Market Trends

Average Actual Rents in Morrisville

Average rents use actual signed leases, aggregated for your specific search area and asset type with Yardi Market Insight. Be confident your price is competitive, with CommercialEdge.

Current Average Rent
Net Rent
$44.3/SF/YR
Recoverables Show detailsHide details
$16.7/SF/YR
CAM
$3.54/SF/YR
Insurance
$0.59/SF/YR
Taxes
$9.52/SF/YR
Utilities
$1.76/SF/YR
Management Fees
$1.3/SF/YR
Total Rent
$61/SF/YR
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Occupancy & Leasing Activity
Occupancy
83.5%
Lease Spread
-20.5%
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Asking Rents in Morrisville Office Market

Office rental rates are based on aggregated data of asking rates.

  • 2022 Avg. Asking Rent $28.67
  • 2022 Office Vacancy Rate 17.75%
  • 2022 Office Completions (SF)

Morrisville Office Sales Trends

All sale prices are based on publicly recorded, verified sales.

  • 2022 Avg. Price per SF $220.15
  • 2022 Office Sales Volume $259.8M
  • 2022 Number of Transactions 11
View more Morrisville market trends

Location

Getting Around

  • Walk Score ®

    23/100 Car-Dependent
  • Bike Score ®

    38/100 Somewhat Bikeable
Powered by Walk Score ®
  • City Morrisville, NC
  • Neighborhood Kitts Creek
  • Zip Code 27560
  • Market Raleigh Durham

Points of Interest

  • Cary

    4.96 miles

  • Zone 1: Prearranged Services

    5.80 miles

  • Zone 4: Limos

    5.88 miles

  • Shell

    0.84 miles

  • BP

    0.95 miles

  • Kangaroo Express

    1.11 miles

  • Circle K

    1.62 miles

  • Shell

    1.91 miles

  • Tesla Supercharger

    2.33 miles

  • Sheetz

    2.42 miles

  • Marathon

    2.56 miles

  • Shell

    2.57 miles

  • Shell

    2.62 miles

  • Cary Tennis Park North Lot

    0.61 miles

  • S10K Permit

    3.43 miles

  • S50K Permit

    3.43 miles

  • V00K Permit

    3.45 miles

  • Handicap Parking

    3.46 miles

  • Reception Area

    3.47 miles

  • S25K Permit

    3.48 miles

  • American Tobacco Trail Parking

    3.54 miles

  • American Tobacco Trail White Oak Access

    3.78 miles

  • Perimeter 6 Parking Deck

    3.81 miles

  • Courtyard by Marriott Raleigh Cary/Parkside Town Commons

    2.48 miles

  • Hyatt House Raleigh Durham Airport

    3.09 miles

  • Hamilton Scot Inn

    3.34 miles

  • TownePlace Suites by Marriott Raleigh Cary/Weston Parkway

    3.44 miles

  • Home2 Suites by Hilton Raleigh Durham Airport RTP

    3.59 miles

  • Four Points by Sheraton Raleigh Durham Airport

    3.64 miles

  • Holiday Inn Raleigh-Durham Airport

    3.74 miles

  • Days Inn by Wyndham Raleigh-Airport-Research Triangle Park

    3.91 miles

  • Days Inn Raleigh-Airport-Research Triangle Park

    3.91 miles

  • Staybridge Suites Raleigh-Durham Apt-Morrisville

    3.93 miles

  • Taco Bell

    0.93 miles

  • Rajbhog Cafe

    0.94 miles

  • Rosati's

    0.95 miles

  • Dunkin' Donuts

    1.01 miles

  • Smithfield's Chicken 'N Bar-B-Q

    1.02 miles

  • Salsa Fresh

    1.03 miles

  • Andy's

    1.06 miles

  • Quiznos

    1.06 miles

  • Inchin's Bamboo Garden

    1.08 miles

  • Pepper's Market

    1.09 miles

  • Carpenter Elementary School

    0.10 miles

  • Carpenter Elementary

    0.12 miles

  • Green Hope High School

    0.79 miles

  • Green Hope Elementary School

    0.85 miles

  • Morrisville Elementary

    1.05 miles

  • Highcroft Drive Elementary

    1.50 miles

  • Panther Creek High School

    1.65 miles

  • Mills Park Middle

    1.77 miles

  • Mills Park Elementary

    1.82 miles

  • Parkside Elementary School

    1.92 miles

  • Kool Kidz Drop-In Childcare

    1.02 miles

  • Discovery Child Development Center

    1.17 miles

  • Primrose at the Park

    1.35 miles

  • Little Pros Academy

    1.70 miles

  • The Goddard School

    1.71 miles

  • Primrose School of West Cary

    2.34 miles

  • The Learning Experience

    2.43 miles

  • Kids R Kids

    2.64 miles

  • Bright Beginnings

    2.72 miles

  • The Growing Years

    2.88 miles

Frequently Asked Questions

What is the total square footage of 3604 Louis Stephens Drive?

3604 Louis Stephens Drive totals 90,000 square feet.

When was this property built?

3604 Louis Stephens Drive was built in 2005.

What is the property tax for 3604 Louis Stephens Drive?

The property tax for 3604 Louis Stephens Drive in 2023 was $88,131.

What is the market value for 3604 Louis Stephens Drive?

The market value* for 3604 Louis Stephens Drive in 2023 was $8,795,590.
*This represents the market value determined by the appropriate local tax/financial authority, and not the latest sale price or current market value based on recent sales.

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