Property profile

1001 Aerial Ctr Pkwy Morrisville, NC 27560

OFF-MARKET
Hotels
Property ID
US53-5642589
56,343 SF 2.01 ac lot Built 1989
Entity Owned 6-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Hotels
Use group HOTEL/MOTEL
Year built 1989
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 56,343 SF
Lot 2.01 ac (87,556 SF)
Zoning code GC
APN 0756.01-47-3493 0170585
UPID US53-5642589

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

1001 Aerial Ctr Pkwy Morrisville, NC 27560-9271
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
$3.98M
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.66M

Owner & transaction history

since 2019
7 recorded transactions
2023
Price N/A
2019
$6.2M
2018
$4.1M
2007
Price N/A
2006
Price N/A
2006
$3.5M
2004
$3.5M

Zoning & alternative use

GC · Morrisville, NC

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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