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Property profile & analytics
OFF-MARKET
Office buildings
101 Pheasant Wood Ct, Morrisville, NC 27560-9200
Entity Owned
~
Est. High Equity
Property ID
US53-1656999
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1988
Construction
METAL FRAME
Total area
4,000 SF
Lot
1.42 ac (61,855 SF)
Zoning code
CAC
APN
0754.01-39-0925 0157589
UPID
US53-1656999
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
Grdu I LLC
Grdu I LLC
since 2025
Last sale
$2.1M
3 recorded transactions
Zoning & alternative use
CAC · Morrisville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Morrisville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morrisville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$11,982
Tax year 2023
Assessed value
$1,115,761
Assessed 2023
Previous assessed
$1,115,761
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$596,777
Assessed improvement
$518,984
Land market value
$596,777
Improvement market value
$518,984
Total market value
$1,115,761
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
1988
Construction
METAL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
2
Total area
4,000 SF
Lot
1.42 ac (61,855 SF)
Zoning code
CAC
APN
0754.01-39-0925 0157589
UPID
US53-1656999
Jurisdiction
WAKE
Zoning & alternative use
CAC · Morrisville, NC
Zoning CAC · permitted uses
CAC · Morrisville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Morrisville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1988
Construction
METAL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
2
Lot
1.42 ac
Current owner
From public records · entity-resolved
Grdu I LLC
Entity
Mailing address
10520 CHAPEL HL RD UNIT #522, MORRISVILLE, NC 27560-3024
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 16, 2025
$2,125,000
Grdu I LLC
Jlanne LLC
Special Warranty Deed
$2,125,000 · Richard G Fgerloff Trust
May 5, 2010
—
Jlanne LLC
Cando,james C JR & Laura C
Warranty Deed
related
—
—
—
Jlanne LLC
—
Deed Of Trust
related
$90,562 · Crescent State Bank
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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