7001 Development Dr, Morrisville, NC 27560 Property Records

Wake County property record for 7001 Development Dr, Morrisville, NC 27560

Property Summary

Property Type	Office Building
Details	193,735 sqft · built 1995
Lot Size	25.4 acres (1,109,909 sqft)
Owner	Company Name on Record
Last Sale	$10,660,000 (Jan 2018)
Tax Bill	$339,581 (2025)
Deeds & Mortgages	Jan 2018 Sale & Line of Credit
Flood Zone	Zone X (minimal risk)
APN	`0736.02-79-0977 0209836`

Property Details

APN / Parcel Number

Primary APN	`0736.02-79-0977 0209836`
Alternative APNs	`020983601` `0209836`

Interior

Stories	3 Stories
Building Area	193,735 sqft Heated Area
Gross Area	233,513 sqft
Fire Sprinklers	Fire Sprinklers
Elevator	Elevator

Exterior

Year Built	Built 1995
Effective Year Built	Effective 2010
Architectural Style	Contemporary
Exterior Material	Precast Concrete Panel
Fire Resistance	Fireproof Steel Frame
Lot Area	1,109,909 sqft (25.4 acres)

Utilities, Heating & Cooling

Cooling System	Central
Heating System	Central
Sewer	Connected

Location & Zoning

Account Number	0209836
Old Parcel Number	020983601
Street Address	7001 DEVELOPMENT DR
City	MORRISVILLE
State	NC
Zip	27560-8105
Property Category	Commercial
Property Type	Commercial > Office > Office Building
Local Zoning Code	RA
Legal Description	LO14 RESEARCH TRIANGLE PARK BM1994-01745
Legal Township	05
Legal Subdivision	RESEARCH TRIANGLE PARK
Legal Lot Number	14
Jurisdiction	WAKE NC
Township / Civil Division	CEDAR FORK
Census Block Group	1
Census Block	1000
Census Tract	53619

Owner

Source: Wake County records, as of October 27, 2025

Owner names and exact recorded amounts are on file and can be viewed instantly on this page with a free 10-day trial.

Owner of Record	Company Name on Record
Mailing Address	1251 AVENUE OF THE AMERICAS STE 35, 35, NEW YORK, NY 10020-0083
Owner Type	Company

Deeds, Mortgages & Sale History

Assessor's Deed Record

Deed Names	Name on Deed
Last Sale	Jan 24, 2018 · Amount on Record
Deed Sale	Jan 24, 2018 · Amount on Record
Prior Sale	Feb 13, 2015 · Amount on Record
Deed Document Number	0170281076
Deed Book / Page	17028 / 1076
Record Updated	Jun 8, 2026

January 2018: Trustee's Deed, Transfer

Document Type	Trustee's Deed
Jurisdiction	WAKE NC
Recording Date	Jan 24, 2018
Property Address	7001 DEVELOPMENT DR, MORRISVILLE, NC 27560-8105
Document Number	170281076
Book / Page	017028 / 001076
Instrument Date	Jan 24, 2018
Transaction Type	Transfer
Record Updated	Aug 13, 2018
Title Company	ATTORNEY ONLY

Transaction

Amount	Amount Recorded
Downpayment	Downpayment on Record
Loan-to-Value (LTV)	LTV on Record
Tax	$270,500.00
Additional	Arm's Length Multiple Parcels

Transferred From (Grantor/Seller)

Name	Verified Name

Transferred To (Grantee/Buyer)

Name	Verified Name
Relationship	Limited Partnership
Address	1251 AVENUE OF THE AMERICAS #35 NEW YORK NY 100201104, 35, NEW YORK, NY 10020-1104

Mortgage

Document Number	170281081
Date	Jan 24, 2018
Book Page	017028/001081

Lender

Name	CAPITAL ONE NA
Type	Funding / Finance Company
Address	299 PARK AVE # 29TH, NEW YORK, NY 10171-0002

Agreement

Type	Line of Credit
Amount	Amount Recorded

Interest

Rate Type	Adjustable Rate

Tax Assessment & Valuation

Source: Wake County assessment roll, as of January 1, 2025

Property Jurisdictions

Type	Name
State	North Carolina
County	Wake County
Unified School District	Wake County Schools (PK - 12)

Tax Bill & Assessment History

Year	Tax Bill	Assessed Value	Assessed Market Value
2025	$339,581.00 (-17.07%)	$45,728,734 (-0.31%) Land $5,549,544 Building $40,179,190
2024			$45,728,734 (-0.31%) Land $5,549,544 Building $40,179,190
2023	$409,485.00	$45,870,410 Land $4,439,635 Building $41,430,775	$45,870,410 Land $4,439,635 Building $41,430,775

Assessed value and assessed market value are set for property tax purposes and are not market price estimates.

Flood

Source: FEMA National Flood Hazard Layer, effective September 7, 2026

FEMA Flood Zone	Zone X minimal risk
Nearest Special Flood Hazard Area	Zone AE, within 500 ft
Flood Insurance Requirement	Not required lenders may require it

Values are read at the parcel center point; lenders make the official flood determination.

Wildfire

Source: USDA Forest Service Wildfire Risk to Communities (2nd edition), as of 2024

Wildfire Risk	Low lower than 96% of the US · lower than 97.9% of North Carolina
Wildfire Likelihood	Under 0.01% annual chance
Exposure	Direct burnable vegetation

Values cover an area roughly 900 ft across, not the parcel itself; insurers use their own ratings.