Property profile

1000 Airport Blvd Morrisville, NC 27560

OFF-MARKET
Hotels
Property ID
US53-1540922
48,036 SF 3.95 ac lot Built 1986
Entity Owned 15-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Hotels
Use group HOTEL/MOTEL
Year built 1986
Construction BRICK
Total area 48,036 SF
Lot 3.95 ac (172,062 SF)
Zoning code RAC
APN 0756.01-37-3360 0143504
UPID US53-1540922

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel

Location

1000 Airport Blvd Morrisville, NC 27560-9195
Morrisville metro Census 53609 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.39M
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.05M

Owner & transaction history

since 2011
3 recorded transactions
2011
$3.9M
2004
Price N/A
1969
Price N/A

Zoning & alternative use

RAC · Morrisville, NC
Zoning description

It is also intended to provide improved access to jobs, a compatible mix of uses and access to a variety of transportation options

General category UNKNOWN

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
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