Property profile

109 Trans Air Dr Morrisville, NC 27560

OFF-MARKET
Land
Property ID
US53-3748481
6.63 ac lot
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Property summary

AI-generated overview

This exceptional 6.63-acre commercial land parcel in Morrisville, North Carolina, presents a unique investment opportunity. Located at 109 Trans Air Dr, this property boasts a prime location at the corner of Airport Blvd and Trans Air Dr, offering unparalleled proximity to Raleigh-Durham International Airport (RDU). Previously approved for a 224-room, eight-story boutique hotel (permit expired), the land is ideally suited for a variety of commercial developments, including hotels or office buildings. The property's zoning designation is Commercial Corridor, allowing for flexibility in development plans. The flat land is easily divisible, presenting the possibility of multiple buildings. Situated in Wake County, NC, with a zip code of 27560 (APN: 0756241767), this property is owned by an LLC. The asking price is $4,600,000, translating to $754,148 per acre. Its convenient location also offers proximity to the Wake Competition Center. This prime location and flexible zoning make this a highly desirable investment opportunity. The property is ready for your vision.

Property profile

Verified
Property type Land
Lot 6.63 ac (288,803 SF)
UPID US53-3748481

Cap rate & NOI

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

Location

109 Trans Air Dr Morrisville, NC 27560
Morrisville metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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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
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