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    Property profile & analytics

    1004 Morrisville Carpenter Rd Morrisville, NC 27560-9533

    • Car washes
    • 2,898 SF
    • 0.93 lot acres
    OFF-MARKET
    Value Estimation
    $3,980,000
    Last Sale
    Dec 12, 2022
    $3,516,500
    Location Intelligence
    Property ID
    US53-0577182
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Car washes

    Property Details for 1004 Morrisville Carpenter Rd

    Year built
    2005
    Construction
    BRICK
    Lot size
    0.93 lot acres
    Property size
    2,898 SF
    Zone code
    NAC
    Property type
    Car washes
    APN
    0745.15-63-1265 0330704
    APU
    745156312650330704

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $4,080,000

    • CAP approach

      CAP return
      Estimation
      6%
      $3,690,000
      6.5%
      $3,605,000
      7%
      $3,350,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $4,190,000
      Geo Method
      $3,250,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $4,145,000
      Retail
      $3,920,000
      Mixed-Use
      $3,455,000
      Hospitality
      $3,035,000
      Educational
      $3,875,000
      Residential Income
      $3,195,000
      Energy
      $4,040,000
      Income-Based Land
      $3,295,000
      Food Service
      $3,865,000

    Location Insight

    • Map
    • Local Demand
    City
    Morrisville
    County
    Wake
    State
    North Carolina
    Longitude
    -78.8443
    Latitude
    35.8196
    CBSA code
    39580
    CBSA name
    RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $14,071
    $627,110
    $716,855
    $1,343,965
    -
    $627,110
    $716,855
    $1,343,965

    Comparable in this City

    • Value Estimation
      $355,000
      3,080 SF

      10206 Chapel Hl Rd

      CAR WASH • 3,080 SF
      10206 Chapel Hl Rd, Morrisville, NC 27560
      View Details
    • Value Estimation by Request
      1,377 SF

      9600 Lumley Rd

      CAR WASH • 1,377 SF
      9600 Lumley Rd, Morrisville, NC 27560-7496
      View Details
    • Value Estimation by Request
      25,165 SF

      5201 Nelson Rd

      AUTO REPAIR, GARAGE • 25,165 SF
      5201 Nelson Rd, Morrisville, NC 27560-8542
      View Details
    • Value Estimation by Request
      3,968 SF

      6848 Mt Herman Rd

      AUTO REPAIR, GARAGE • 3,968 SF
      6848 Mt Herman Rd, Morrisville, NC 27560-9260
      View Details
    • Value Estimation by Request
      13,491 SF

      204 Trans Air Dr

      AUTO REPAIR, GARAGE • 13,491 SF
      204 Trans Air Dr, Morrisville, NC 27560-7209
      View Details
    • Value Estimation by Request
      9,580 SF

      101 Airtech Dr

      AUTO REPAIR, GARAGE • 9,580 SF
      101 Airtech Dr, Morrisville, NC 27560-8478
      View Details

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      Retail and Office Development Site

      Approved site for 33,000 SF retail and office development.
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      Prime Retail Parcel in Morrisville

      2.13-acre parcel in a high-traffic retail area.
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    Similar Nearby for Lease

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    • $30 SF/Yr
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      Morrisville, NC: Premier Office Building, 35,350 SF
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    • $30 SF/Yr
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      Prime Morrisville Office Space

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      RTP Corner Parcel For Lease

      1.85-acre corner parcel in the heart of RTP available for lease.
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    • $26 SF/Yr
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      Executive Suites in Morrisville, NC

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      1800 Perimeter Park Dr, Morrisville, NC 27560
      View Details

    Property Visit Statistics

    • Visits by month
      11.3k
    • Visitors by month
      8.6k
    • Avg Time on site
      16 min
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    1004 Morrisville Carpenter Rd
    Morrisville, NC 27560-9533
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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
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