Property profile

935 Airport Blvd Morrisville, NC 27560

OFF-MARKET
Land
2.52 ac lot
Saved · see the list in your Dashboard

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

Location

935 Airport Blvd Morrisville, NC 27560
Morrisville metro
Google Maps

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

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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.
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