8001 Development Dr, Morrisville, NC 27560 Property Records

Wake County property record for 8001 Development Dr, Morrisville, NC 27560

Property Summary

Property Type	Commercial Office
Details	425,972 sqft · built 1998
Lot Size	41.4 acres (1,805,998 sqft)
Owner	2 Company Names on Record
Last Sale	$127,000,000 (Feb 2015)
Tax Bill	$506,262 (2025)
Deeds & Mortgages	Jan 2018 Sale & Line of Credit
Flood Zone	Zone X (minimal risk)
APN	`0736.02-69-0741-000`

Property Details

APN / Parcel Number

Primary APN	`0736.02-69-0741-000`
Alternative APNs	`0736.02-69-0741 0244612` `0736690741` `024461201` `0244612`

Interior

Stories	4 Stories
Building Area	425,972 sqft Gross Area
Fire Sprinklers	Fire Sprinklers
Elevator	Elevator

Exterior

Year Built	Built 1998
Effective Year Built	Effective 2010
Architectural Style	Conventional
Exterior Material	Precast Concrete Panel
Construction Type	Steel Frame
Fire Resistance	Fireproof Steel Frame
Foundation Type	No Foundation
Lot Area	1,805,998 sqft (41.4 acres)
Total Buildings	2 Buildings

Utilities, Heating & Cooling

Cooling System	Central
Heating System	Forced Air with A/C

Location & Zoning

Account Number	0244612
Street Address	8001 DEVELOPMENT DR
City	MORRISVILLE
State	NC
Zip	27560-7416
Property Category	Commercial
Property Type	Commercial > Office > Commercial Office
Local Zoning Code	RA
Legal Description	LO9 RESEARCH TRIANGLE FOUNDATION OF NC B
Legal Subdivision	RESEARCH TRIANGLE FOUNDATION
Legal Lot Number	9
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 September 9, 2025

Owner names and exact recorded amounts shown locked on this page are available instantly with a free trial.

Owner of Record	2 Company Names on Record
Mailing Address	1251 AVENUE OF THE AMERICAS, 35, NEW YORK, NY 10020-0083
Owner Type	Company
Vesting	Partnership

Deeds, Mortgages & Sale History

Assessor's Deed Record

Deed Names	2 Names on Deed
Last Sale	Feb 13, 2015 · Amount on Record
Deed Sale	Feb 13, 2015 · Amount on Record
Prior Sale	Dec 5, 2013 · Amount on Record
Deed Book / Page	15918 / 2393
Prior Transfer Date	Dec 2, 2013
Prior Transfer Doc	155221982
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	8001 DEVELOPMENT DR, MORRISVILLE, NC 27560-7416
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 September 9, 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	$506,262.00 (-15.54%)	$68,174,346 (+1.53%) Land $7,241,632 Building $60,932,714	$68,174,346 (-) Land $7,241,632 Building $60,932,714
2024			$68,174,346 (+1.53%) Land $7,241,632 Building $60,932,714
2023	$599,398.00	$67,144,467 Land $7,223,990 Building $59,920,477	$67,144,467 Land $7,223,990 Building $59,920,477

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 94% of the US · lower than 96% of North Carolina
Wildfire Likelihood	Under 0.01% annual chance
Exposure	None beyond ember reach

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

Internet Providers

Source: FCC Broadband Data Collection, based on 5 locations within half a mile, as of December 31, 2025

Provider	Max Down / Up (Mbps)
Spectrum Fiber	1,000 / 500
Verizon Fixed Wireless	300 / 20

May also be available: T-Mobile.

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