Income Summary

Data last updated on: 5/9/2025     Ownership current as of: 5/9/2025     Tax Year: 2025
REID 154426

 PIN # 0728-87-1569
Location Address Property Description
2635 MERIDIAN PKWY MERIDIAN BUSINESS CAMPUS/ LT#09R VCE/ICF INTERNATI PL:000147-000131
   
Property Owner Owner's Mailing Address
2635 MERIDIAN PARKWAY LLC
2000 AERIAL CENTER PKWY STE 110
MORRISVILLE NC 27560
Parcel
Buildings
Misc Improvements
Land
Income
Deeds
Notes
Sales
Photos
Map
Income Modeling
Income Model Type Office Md 1 Cl C RT
Income Location Fair
Economic Year Built 2000
Potential Gross Income (PGI)
DescriptionMeasurementUnit QuantityAnnual Unit IncomeAnnual PGI
LEASEABLE AREA - OFFICESQFT 61,535 $23.00 $1,415,305.00


Total Units 0
Total Sqft 61535
Total Potential Gross Income $1,415,305.00
Total Potential Gross Income Override $0.00
 
Effective Gross Income (EGI)   NET Expenses

Deductions Total $283,061.00
     Deductions Total (% of PGI) 20.000%
Misc Income $0.00
     Misc Income (% of PGI) 0.000%
Total Effective Gross Income $1,132,244.00
 
Total Expenses $0.00
Total Expenses Override $330,049.13
NET Income $802,194.87
     Percentage of PGI 56.680%
     Percentage of EGI 70.850%
 
Final Value

Income Method Overall Rate
Rate Used 0.090420


Total Value $8,871,874.25
Excess Land $0.00
Furniture, Fixtures, & Equipment $0.00
Additional Buildings $0.00
Supporting Parcels $0.00
Final Value $8,871,874.00
Final Value Override $0.00
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