Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    You're browsing as guest. Top-line numbers are free. Full reports — owner contacts, refine, methodology — are paid. Guest mode. Top-line is free.
    New search
    Property profile & analytics
    OFF-MARKET
    Land

    935 Airport Blvd, Morrisville, NC 27560

    2.52 ac lot
    Property ID
    Property summary
    AI-generated overview

    This exceptional 2.52-acre commercial land parcel, located at 935 Airport Blvd in Morrisville, NC 27560, presents a unique opportunity for hotel development. Situated just off I-40 (162,000 vehicles per day) and Airport Blvd (31,000 vehicles per day), this strategically positioned site enjoys high visibility and accessibility. Its proximity to Raleigh-Durham International Airport (3.2 miles, 14,000,000 passengers annually in 2023) makes it ideal for a hospitality venture. The property is zoned for Office and Institutional uses and designated as a Regional Activity Center by the Town of Morrisville Land Use Plan. Previously approved (though expired) for an 84-room, 4-story hotel, the site is well-suited for a development ranging from 80 to 114 keys. The site is unencumbered by existing franchise or management contracts, offering developers flexibility in brand selection, with numerous options available from major hotel chains such as Hilton, Wyndham, Choice, and Best Western. The Wake County APN is 0756272265. A site plan is available upon request. This presents a compelling investment opportunity in a high-growth market fueled by the region's thriving technology, healthcare, and research sectors. Note that a new special use permit application will be required. The usable acreage is approximately 1.76 acres.

    Property profile
    Verified
    Property type Land
    Lot 2.52 ac (109,771 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    by Request
    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
    Try Rey
    Ask anything about this address in plain English.
    “Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
    You own 935 Airport Blvd?
    List it free. Reach 20,000 daily buyers.
    We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
    List this address →
    More about this property
    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