Property profile

10962 Chapel Hl Rd Morrisville, NC 27560

OFF-MARKET
Hotels
Property ID
US53-0806259
89,708 SF 6.01 ac lot Built 2009
Entity Owned 11-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Hotels
Use group HOTEL/MOTEL
Year built 2009
Construction BRICK
Total area 89,708 SF
Lot 6.01 ac (261,796 SF)
Zoning code RAC
APN 0746.02-76-2157 0365309
UPID US53-0806259

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

10962 Chapel Hl Rd Morrisville, NC 27560-8852
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
by Request
Comparable Approach Comparable
$1.92M
Blend (final) Blend
$3.15M

Owner & transaction history

since 2014
7 recorded transactions
2023
Price N/A
2019
Price N/A
2018
Price N/A
2017
Price N/A
2014
$12.8M
2011
$20.3M
2008
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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