Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1100 China Dr Morrisville, NC 27560-5571

    • Garden apartment buildings
    • 16,320 SF
    • 18.75 lot acres
    OFF-MARKET
    Value Estimations
    $4,250,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-2161098
    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

    • Garden apartment buildings

    Property Details for 1100 China Dr

    Year built
    2000
    Construction
    FRAME
    Lot size
    18.75 lot acres
    Property size
    16,320 SF
    Zone code
    HDR
    Property type
    Garden apartment buildings
    APN
    0745.08-98-0557 0014526
    APU
    745089805570014526

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $2,885,000
      6.5%
      $2,660,000
      7%
      $2,470,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Morrisville
    County
    Wake
    State
    North Carolina
    Longitude
    -78.8336
    Latitude
    35.8362
    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
    2024
    $636,282
    $15,000,000
    $57,991,526
    $72,991,526
    -
    $15,000,000
    $57,991,526
    $72,991,526

    Comparable in this City

    • Value Estimation by Request
      18,862 SF

      1000 Sweet Spot Cir

      GARDEN APT, COURT APT (5+ UNITS) • 18,862 SF
      1000 Sweet Spot Cir, Morrisville, NC 27560
      View Details
    • Value Estimation
      $1,710,000
      6,082 SF

      201 Treybrooke Dr

      GARDEN APT, COURT APT (5+ UNITS) • 6,082 SF
      201 Treybrooke Dr, Morrisville, NC 27560-9309
      View Details
    • Value Estimation
      $3,210,000
      27,669 SF

      2000 Slater Xing Cir

      GARDEN APT, COURT APT (5+ UNITS) • 27,669 SF
      2000 Slater Xing Cir, Morrisville, NC 27560-4500
      View Details
    • Value Estimation
      $2,140,000
      14,116 SF

      1000 Golden Horseshoe Cir

      GARDEN APT, COURT APT (5+ UNITS) • 14,116 SF
      1000 Golden Horseshoe Cir, Morrisville, NC 27560-7623
      View Details
    • Value Estimation
      $4,760,000
      29,220 SF

      1000 Allison Shiloh Loop

      GARDEN APT, COURT APT (5+ UNITS) • 29,220 SF
      1000 Allison Shiloh Loop, Morrisville, NC 27560-5657
      View Details
    • Value Estimation
      $3,390,000
      24,012 SF

      5311 Jessip St

      GARDEN APT, COURT APT (5+ UNITS) • 24,012 SF
      5311 Jessip St, Morrisville, NC 27560-7594
      View Details

    Similar Nearby for Sale

    • $339,000
      1,371 SF

      Morrisville Home with Fireplace

      Single-family home featuring a fireplace and neutral color palette.
      203 Canyon Lake Cir, Morrisville, NC 27560
      View Details
    • Contact for pricing
      35,350 SF

      Morrisville Office Building - Class A

      35,350 SF Office, Prime Location, Vacant
      703 Slater Rd, Morrisville, NC 27560
      View Details
    • $2,150,000
      8,000 SF

      Dominion Drive Office Building

      8,000 SF Flex Office Space in Morrisville, NC
      250 Dominion Dr, Morrisville, NC 27560
      View Details
    • Contact for pricing

      Prime Retail Parcel in Morrisville

      2.13-acre parcel in a high-traffic retail area.
      1012 Wcc Ln, Morrisville, NC 27560
      View Details
    • Contact for pricing
      42,960 SF

      Modern Office Near RDU Airport

      Amenitized office space in RTP, minutes from RDU International Airport.
      2701 Aerial Center Pkwy, Morrisville, NC 27560
      View Details
    • $455,000
      0.37 Acres

      Morrisville Land Opportunity

      0.37-acre lot in desirable Morrisville location, build your dream home.
      102 Stella Ct, Morrisville, NC 27560
      View Details

    Similar Nearby for Lease

    • $2,050 /Mo

      Townhome with Garage and Amenities

      End unit townhome featuring a garage, hardwood floors, and communityamenities.
      1013 Corwith Dr, Morrisville, NC 27560
      View Details
    • $15 SF/Yr
      35,642 SF

      Office/Flex Space with Shared Dock

      3,663 RSF office/flex space with shared dock access available.
      600 Airport Blvd, Morrisville, NC 27560
      View Details
    • $29 SF/Yr
      80,277 SF

      Class A Office Building

      Three-story office building near Raleigh-Durham International Airport.
      1700 Perimeter Park Dr, Morrisville, NC 27560
      View Details
    • Contact for pricing
      136,000 SF

      Morrisville Warehouse and Distribution Space

      73,600 RSF warehouse with office space near RDU.
      619 Distribution Dr, Morrisville, NC 27560
      View Details
    • $20 SF/Yr
      13,890 SF

      Prime Morrisville Executive Suites

      Modern Office Space, Flexible Lease Options
      2880 Slater Rd, Morrisville, NC 27560
      View Details
    • $20 SF/Yr
      42,960 SF

      Morrisville Office Space Sublease

      Modern RTP Office, 21,175 SF Available
      2701 Aerial Center Pkwy, Morrisville, NC 27560
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1100 China Dr
    Morrisville, NC 27560-5571
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.