Morrisville, NC
Commercial Real Estate Market Trends & Data

$420 Avg asking sale price
$28 Avg asking lease rate
23,061 SF Avg unit lease size
16,123 SF Avg building size for sale
6.36% Average cap rate

Morrisville's Demographic Profile

Morrisville has 12,393 households and a median income of $111,942, providing context for rent absorption and tenant demand across retail and multifamily assets. A +9% five-year population trend is a key signal for evaluating long-term demand in this market.

Key Demographic Metric Value
Population 32,508
# Households 12,393
Median age 36
Median household income $111,942
Avg household size 3.0
Renter-occupied housing units 6,942
5-year population change +9%

{{marketTabHeadings[activeMarketTab]}} Market Metrics Near Morrisville, NC

↻ Updated Monthly

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Nearby Office Markets Avg Cost/SF Typical Size Cap Max
Cary $384 7,896 SF 6.25%
Apex $435 4,905 SF 6.20%
Durham $429 24,525 SF 8.00%
Nearby Industrial Markets Avg Cost/SF Typical Size Cap Max
Cary $265 43,635 SF 6.25%
Durham $178 76,458 SF 6.19%
Nearby Retail Markets Avg Cost/SF Typical Size
Morrisville $473 13,775 SF
Cary $407 12,667 SF
Apex $451 8,242 SF
Durham $403 14,723 SF
Raleigh $453 9,790 SF
Nearby Multifamily Markets Avg Cost/SF Typical Size Cap Max
Raleigh $306 19,359 SF 7.40%
Chapel Hill $275 5,849 SF 5.66%

Commercial Properties For Sale in Morrisville

The listings below reflect how current market pricing and building scale translate into active opportunities available today.
For Sale

Preston Executive V

Cary, NC 27513

  • 15,000 SF Office Building
  • $1,195,000
For Sale

Towerview Court

Cary, NC 27513

  • 10,000 SF Flex Building
  • $2,950,000
For Sale

3811 & 3817 Page Rd

Morrisville, NC 27560

  • 1.27 AC Lot
  • 1 Commercial Lot
  • $575,000
For Sale

5911 Family Farm Road

Morrisville, NC 27560

  • 2.10 AC Lot
  • 1 Residential Income Lot
  • $995,000
For Sale

1376-1380 NW Maynard Rd

Cary, NC 27513

  • 7,485 SF Retail Building
  • 6.20% Cap Rate
  • $3,052,096
For Sale

5412 S Miami Blvd

Durham, NC 27703

  • 6,534 SF Retail Building
  • 6.20% Cap Rate
  • $2,650,742

Average Price For Sale

↻ Updated Monthly

Average Price For Lease

↻ Updated Monthly

Number of Listings

↻ Updated Monthly

Cap Rate

↻ Updated Monthly

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Nearby Commercial Markets

Comparing nearby markets helps investors see whether Morrisville pricing and building scale sit above, below, or in line with surrounding areas.

Commercial Markets Avg Cost/SF Average Size
Morrisville $420 16,123 SF
Research Triangle Park $324 72,041 SF
Cary $363 16,655 SF
Apex $389 23,681 SF
Durham $338 26,178 SF

Regional Demographic Comparison

This comparison places Morrisville alongside nearby cities to show how population size, household counts, and income levels differ across the region. Viewing these markets side by side helps investors understand whether local demand and income characteristics are concentrated in Morrisville or distributed across surrounding areas.

City Population # Households Age Median Household Income Avg Household Size Renter Occupied Housing Units Five Yr Pop Growth %
Morrisville 32,508 12,393 36 $111,942 3 6,942 9%
Cary 181,195 69,481 41 $121,486 3 25,395 7%
Apex 76,043 26,645 39 $132,684 3 6,586 10%
Durham 297,810 125,504 37 $70,858 2 65,575 4%

Disclaimer: The figures on this page reflect LoopNet's active commercial listings in Morrisville, NC and update as inventory changes. Averages can shift between periods or vary across property types depending on the mix of listings available at a given time, so individual metrics may not reflect broader market trends. These figures are best used as directional benchmarks for early market evaluation. For comprehensive commercial real estate data and analytics, subscribe to CoStar.

FAQs About Commercial Investing in Morrisville

View All Commercial Real Estate For Sale in Morrisville
Is Morrisville a good market for a first-time commercial real estate investor?

Morrisville offers commercial properties across a wide range of sizes and price points. By reviewing the market data and benchmarks on this page, first-time investors can better understand what a typical commercial property looks like before committing capital and narrowing in on specific listings.

How can this market data help me decide whether to buy commercial property for my business in Morrisville?

The pricing and size metrics on this page help business owners compare the cost of ownership against leasing in Morrisville. Typical building sizes and asking prices provide a starting point for evaluating space needs, budget fit, and long term occupancy costs before engaging lenders or brokers.

What should conservative investors focus on when evaluating commercial properties in Morrisville?

Conservative investors often prioritize manageable deal sizes, stable pricing ranges, and cap rate benchmarks shown for Morrisville. These metrics help assess whether current market conditions support steady income potential without relying on aggressive assumptions.

How does Morrisville compare to nearby commercial real estate markets?

Nearby market comparisons highlight differences in pricing, building scale, and cap rate ranges relative to Morrisville. Reviewing these side by side helps experienced investors identify relative value, pricing premiums, or alternative markets that may better align with return targets.

How can this page support early-stage deal screening for Morrisville acquisitions?

This page provides high-level benchmarks for pricing, deal size, and observed cap rates in Morrisville, which are useful for initial market filtering. Institutional and data-driven investors often use these signals to prioritize listings that meet size, pricing, and return thresholds before deeper underwriting.

Nearby Market Trends