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NNN Investment Opportunity Near RDU 5180 Paramount Pky 8,991 SF Retail Building Morrisville, NC 27560 $3,250,000 ($361.47/SF) 7.01% Cap Rate
Matterport 3D Tour
INVESTMENT HIGHLIGHTS
- ±8,991-SF freestanding event venue built in 2015 on a ±7.41-acre site within the Paramount Center development,
- Direct access to I-40 and NC-540; minutes to RDU International Airport
- **All showings must be coordinated with the broker. Do not disturb tenant.**
- Zoned OI (Office & Institutional) allowing broad professional and institutional uses
- Located in Morrisville, within the dynamic Research Triangle growth corridor
- Surrounded by major corporate and life science employers
EXECUTIVE SUMMARY
Great Neck Realty Co. is pleased to present 5180 Paramount Parkway, a versatile investment opportunity in Morrisville, North Carolina. The property features a ±8,991-square-foot freestanding building constructed in 2015 and situated on ±7.41 acres within the Paramount Center development.
Currently leased to Paramount Event Venue, the facility offers adaptable interior space suitable for gatherings, meetings, or institutional use. On-site surface parking—including ADA-compliant spaces—and high-quality site improvements further enhance functionality and accessibility.
Strategically located in Wake County, the property benefits from direct access to I-40 and NC-540 and is just minutes from Raleigh-Durham International Airport (RDU). Zoned OI (Office & Institutional), the site supports a wide range of professional, medical, and institutional uses.
With an income-generating tenant in place and potential near-term flexibility for owner-users or future redevelopment, 5180 Paramount Parkway offers investors a compelling opportunity to acquire a well-located asset in one of North Carolina’s most dynamic growth corridors.
Currently leased to Paramount Event Venue, the facility offers adaptable interior space suitable for gatherings, meetings, or institutional use. On-site surface parking—including ADA-compliant spaces—and high-quality site improvements further enhance functionality and accessibility.
Strategically located in Wake County, the property benefits from direct access to I-40 and NC-540 and is just minutes from Raleigh-Durham International Airport (RDU). Zoned OI (Office & Institutional), the site supports a wide range of professional, medical, and institutional uses.
With an income-generating tenant in place and potential near-term flexibility for owner-users or future redevelopment, 5180 Paramount Parkway offers investors a compelling opportunity to acquire a well-located asset in one of North Carolina’s most dynamic growth corridors.
MATTERPORT 3D TOUR
5180 Paramount Pkwy
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$99,999
|
$9.99
|
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Subtype
Building Size
8,991 SF
Building Class
B
Year Built
2015
Price
$3,250,000
Price Per SF
$361.47
Cap Rate
7.01%
NOI
$227,820
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
7.41 AC
Zoning
OI - OI - Office & Institutional
AMENITIES
- Conferencing Facility
- Air Conditioning
DEMOGRAPHICS
Demographics
1 Mile
3 Mile
5 Mile
15 min drive
2024 Population
3,561
43,574
136,505
238,633
2029 Population
4,005
47,815
148,557
256,400
2024-2029 Projected Population Growth
12.5%
9.7%
8.8%
7.4%
Median Age
34.6
35.5
37.1
38.0
College Degree + Higher
63%
66%
68%
37%
Daytime Employees
10,956
42,884
97,928
144,084
Total Businesses
531
2,571
7,971
14,524
Average Household Income
$136,079
$132,303
$141,208
$146,572
Median Household Income
$106,400
$107,374
$111,977
$117,657
Total Consumer Spending
$49.9M
$615.1M
$2.1B
$3.6B
2024 Households
1,381
16,915
55,634
99,437
Average Home Value
$484,736
$432,010
$524,006
$609,221
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 0746.02-87-9929-000 | Improvements Assessment | $1,759,968 (2025) |
| Land Assessment | $1,040,140 (2025) | Total Assessment | $2,800,108 (2025) |
PROPERTY TAXES
Parcel Number
0746.02-87-9929-000
Land Assessment
$1,040,140 (2025)
Improvements Assessment
$1,759,968 (2025)
Total Assessment
$2,800,108 (2025)
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NNN Investment Opportunity Near RDU | 5180 Paramount Pky
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