Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    109 Trans Air Dr Morrisville, NC 27560

    Sponsored
    For Sale
    $4,600,000

    6.63 Acres, Prime Commercial Location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 6.63-acre commercial land parcel in Morrisville, North Carolina, presents a unique investment opportunity. Located at 109 Trans Air Dr, this property boasts a prime location at the corner of Airport Blvd and Trans Air Dr, offering unparalleled proximity to Raleigh-Durham International Airport (RDU). Previously approved for a 224-room, eight-story boutique hotel (permit expired), the land is ideally suited for a variety of commercial developments, including hotels or office buildings. The property's zoning designation is Commercial Corridor, allowing for flexibility in development plans. The flat land is easily divisible, presenting the possibility of multiple buildings. Situated in Wake County, NC, with a zip code of 27560 (APN: 0756241767), this property is owned by an LLC. The asking price is $4,600,000, translating to $754,148 per acre. Its convenient location also offers proximity to the Wake Competition Center. This prime location and flexible zoning make this a highly desirable investment opportunity. The property is ready for your vision.

    Property Features for 109 Trans Air Dr

    General Information

    Property type
    Land
    Lot Size
    288,803 SF

    HighLights

    • Near RDU Airport
    • Walking distance to Wake Competition Center
    • Previously approved for a 224‑room boutique hotel
    • Divisible lot suitable for multiple hotels or office buildings
    • 6.63‑acre prime commercial lot in Morrisville, NC ($4,600,000 asking price)
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Spa & Massage Restaurant Law Firm Dental Office Auto Repair Shop Clothing Store Auto Parts Store Food Market Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Morrisville
    County
    Wake
    State
    North Carolina
    Longitude
    -78.822554
    Latitude
    35.850319

    Nearby Comparable

    • Contact for pricing

      Prime Retail Parcel in Morrisville

      2.13-acre parcel in a high-traffic retail area.
      1012 Wcc Ln, Morrisville, NC 27560
      View Details
    • $2,150,000
      8,000 SF

      Dominion Drive Office Building

      8,000 SF Flex Office Space in Morrisville, NC
      250 Dominion Dr, Morrisville, NC 27560
      View Details
    • $4,500,000
      19,600 SF

      Gateway Centre Blvd Office Building

      Morrisville, NC Office/Lab Space - $4.5M
      3500 Gateway Centre Blvd, Morrisville, NC 27560
      View Details
    • $2,250,000
      4 SF

      Prime Land Near RDU Airport

      4.15 acres near RDU Airport with development potential.
      2800 Pleasant Grove Church Rd, Morrisville, NC 27560
      View Details
    • Contact for pricing
      35,350 SF

      Morrisville Office Building - Class A

      35,350 SF Office, Prime Location, Vacant
      703 Slater Rd, Morrisville, NC 27560
      View Details
    • $1,495,000
      8,500 SF

      611 Church St

      Land • 8,500 SF
      611 Church St, Morrisville, NC 27560
      View Details
    • $1,650,000
      1.09 Acres

      Morrisville Investment Property: Daycare Opportunity

      Prime Morrisville location, 8,500 sq ft approved building, NNN lease.
      611 Church St, Morrisville, NC 27560
      View Details
    • Contact for pricing
      73,614 SF

      Class A Office Building

      Three-story office building convenient to RTP, Raleigh, Durham, and RDU.
      101 J Morris Commons Ln, Cary, NC 27560
      View Details

    Nearby Similar for Sale

    • Contact for pricing
      128,000 SF

      Available Warehouse Space Near Airport

      40,000 SF warehouse space near Raleigh-Durham International Airport.
      324 Park Knoll Dr, Morrisville, NC 27560
      View Details
    • Contact for pricing
      30,000 SF

      New Class A Flex Industrial

      30,000 SF flex industrial property for sale or lease.
      150 Kitty Hawk Dr, Morrisville, NC 27560
      View Details
    • $339,000
      1,371 SF

      Morrisville Home with Fireplace

      Single-family home featuring a fireplace and neutral color palette.
      203 Canyon Lake Cir, Morrisville, NC 27560
      View Details
    • Contact for pricing
      33 SF

      Retail and Office Development Site

      Approved site for 33,000 SF retail and office development.
      5802 S Miami Blvd, Morrisville, NC 27560
      View Details
    • $4,500,000
      19,600 SF

      Gateway Centre Blvd Office Building

      Morrisville, NC Office/Lab Space - $4.5M
      3500 Gateway Centre Blvd, Morrisville, NC 27560
      View Details
    • $1,650,000
      1.09 Acres

      Morrisville Investment Property: Daycare Opportunity

      Prime Morrisville location, 8,500 sq ft approved building, NNN lease.
      611 Church St, Morrisville, NC 27560
      View Details
    • Contact for pricing
      35,350 SF

      Morrisville Office Building - Class A

      35,350 SF Office, Prime Location, Vacant
      703 Slater Rd, Morrisville, NC 27560
      View Details
    • $2,150,000
      8,000 SF

      Dominion Drive Office Building

      8,000 SF Flex Office Space in Morrisville, NC
      250 Dominion Dr, Morrisville, NC 27560
      View Details

    FAQs

    What type of property is this?
    Land - 6.63 Acres, Prime Commercial Location
    Where is this land located?
    The property is located at 109 Trans Air Dr Morrisville, NC.
    What is the asking price?
    The asking price for this property is $4,600,000.
    What are key features of this property?
    This property features: Near RDU Airport; Walking distance to Wake Competition Center; Previously approved for a 224-room boutique hotel
    (919) 601-0518
    Request Owner's contact information
    109 Trans Air Dr Morrisville, NC 27560
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    109 Trans Air Dr
    Morrisville, NC 27560
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    109 Trans Air Dr Morrisville, NC 27560
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.