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    Property profile & analytics

    1100 Vlg Market Pl Morrisville, NC 27560-7507

    • Drive through restaurants
    • 4,714 SF
    • 0.77 lot acres
    OFF-MARKET
    Last Sale
    Dec 03, 2020
    $2,969,000
    Value Estimations
    $2,985,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US53-2475016
    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

    • Drive through restaurants

    Property Details for 1100 Vlg Market Pl

    Year built
    2017
    Construction
    BRICK
    Lot size
    0.77 lot acres
    Property size
    4,714 SF
    Zone code
    MUPD
    Property type
    Drive through restaurants
    APN
    0754.07-58-3346 0406678
    APU
    754075833460406678

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $4,175,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $2,713,000
      Market price range: $1.41M - $3.82M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $2,455,000
      Current use
      COMMERCIAL (GENERAL)
      $2,785,000
      Change: +13% Conversion: Easy
      NEIGHBORHOOD: SHOPPING CENTER
      $2,595,000
      Change: +6% Conversion: Difficult
      RETAIL STORES
      $2,180,000
      Change: -11% Conversion: Easy
      AUTO REPAIR, GARAGE
      $1,990,000
      Change: -19% Conversion: Difficult

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

    Location Insight

    • Map
    • Local Demand
    City
    Morrisville
    County
    Wake
    State
    North Carolina
    Longitude
    -78.8133
    Latitude
    35.8061
    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
    $24,122
    $733,542
    $1,570,406
    $2,303,948
    -
    $733,542
    $1,570,406
    $2,303,948

    Comparable in this City

    • Value Estimation
      $580,000
      3,547 SF

      995 Airport Blvd

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,547 SF
      995 Airport Blvd, Morrisville, NC 27560-9194
      View Details
    • Value Estimation
      $2,765,000
      1,868 SF

      1115 Hatches Pond Ln

      DRIVE-THRU RESTAURANT, FAST FOOD • 1,868 SF
      1115 Hatches Pond Ln, Morrisville, NC 27560-6292
      View Details
    • Value Estimation
      $535,000
      3,144 SF

      4023 Davis Dr

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,144 SF
      4023 Davis Dr, Morrisville, NC 27560-8805
      View Details
    • Value Estimation by Request
      2,934 SF

      1000 Aerial Ctr Pkwy

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,934 SF
      1000 Aerial Ctr Pkwy, Morrisville, NC 27560-9270
      View Details
    • Value Estimation
      $2,275,000
      5,190 SF

      1001 Morrisville Carpenter Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 5,190 SF
      1001 Morrisville Carpenter Rd, Morrisville, NC 27560-9534
      View Details
    • Value Estimation
      $585,000
      3,861 SF

      1000 Claren Cir

      DRIVE-THRU RESTAURANT, FAST FOOD • 3,861 SF
      1000 Claren Cir, Morrisville, NC 27560-9700
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,867 SF

      Hopson Road Commercial Land Opportunity

      Approximately 0.692-acre site in the heart of RTP.
      4503 Hopson Rd, Morrisville, NC 27560
      View Details
    • Contact for pricing
      2,093 SF

      High-Visibility Site in RTP

      0.692-acre site ideal for office, retail, or investment.
      4511 Hopson Rd, Morrisville, NC 27560
      View Details
    • Contact for pricing
      33,000 SF

      Retail and Office Development Land

      Two parcels totaling ±4.585 acres with approved site plan.
      5802 S Miami Blvd, Durham, NC 27560
      View Details
    • Contact for pricing

      Retail and Office Development Site

      Approved site for 33,000 SF retail and office development.
      5802 S Miami Blvd, Durham, NC 27560
      View Details
    • $399,000
      0.37 Acres

      Cleared Corner Lot in Morrisville

      Vacant land in prime Morrisville location, ready for custom build.
      102 Clements Dr, Morrisville, NC 27560
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Modern Office Building in Perimeter Park

      Three-story, 90,000 SF office building with modern amenities.
      4000 Paramount Pkwy, Morrisville, NC 27560
      View Details
    • Contact for pricing

      RTP Corner Parcel For Lease

      1.85-acre corner parcel in the heart of RTP available for lease.
      5600 South Miami Blvd, Morrisville, NC 27560
      View Details
    • $30 SF/Yr
      35,350 SF

      703 Slater Road: Class A Office Space

      Morrisville, NC: Premier Office Building, 35,350 SF
      703 Slater Rd, Morrisville, NC 27560
      View Details
    • Contact for pricing

      Park West Village Retail Space

      Retail spaces for lease in Morrisville's Park West Village.
      3400 Village Market Pl, Morrisville, NC 27560
      View Details
    • $29 SF/Yr

      Class A Office Building

      Three-story office building near Raleigh-Durham International Airport.
      1700 Perimeter Park Dr, Morrisville, NC 27560
      View Details
    • $15 SF/Yr

      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

    Property Visit Statistics

    • Visits by month
      24.3k
    • Visitors by month
      14.6k
    • Avg Time on site
      23 min
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    Morrisville, NC 27560-7507
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    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
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