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    611 Church St Morrisville, NC 27560

    Sponsored
    For Sale
    $1,650,000

    Prime Morrisville location, 8,500 sq ft approved building, NNN lease.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional investment opportunity presents a 1.09-acre lot at 611/703 Church Street in Morrisville, North Carolina (27560), currently priced at $1,650,000. The property boasts existing site plan approvals from the town of Morrisville for an 8,500 square foot building, with the approval expiring in May 2024. A significant advantage is the presence of a daycare tenant with a 20-year triple net (NNN) lease, including renewal options. This NNN lease structure ensures the tenant is responsible for all property taxes, insurance, and maintenance, minimizing the owner's operational responsibilities. The property is classified as Special Purpose and offers a unique opportunity for immediate income generation with a long-term tenant in place. The location in the heart of Morrisville provides excellent visibility and accessibility. This is an ideal investment for those seeking a stable, long-term income stream with a built-in tenant and existing site plan approvals, allowing for immediate development or continued operation under the current lease. The buyer has the option to build to suit with the existing tenant. This turnkey investment minimizes risk and maximizes return.

    Property Features for 611 Church St

    General Information

    Property type
    Specialty properties
    Lot Size
    47,480 SF

    HighLights

    • $1,650,000 asking price.
    • Special purpose property, 1.09 acres.
    • Located at 611/703 Church Street, Morrisville, NC 27560.
    • Site plan approvals for an 8,500 sq ft building.
    • Includes a daycare tenant with a 20‑year NNN lease and renewal options.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Food Market Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Morrisville
    County
    Wake
    State
    North Carolina
    Longitude
    -78.8358975
    Latitude
    35.8335055

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    FAQs

    What type of property is this?
    Specialty property - Prime Morrisville location, 8,500 sq ft approved building, NNN lease.
    Where is this specialty property located?
    The property is located at 611 Church St Morrisville, NC.
    What is the asking price?
    The asking price for this property is $1,650,000.
    What are key features of this property?
    This property features: $1,650,000 asking price.; Special purpose property, 1.09 acres.; Located at 611/703 Church Street, Morrisville, NC 27560.
    Request Owner's contact information
    611 Church St Morrisville, NC 27560
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    Morrisville, NC 27560
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    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
    611 Church St Morrisville, NC 27560
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