Property profile

1108 Morrisville Carpenter Rd Morrisville, NC 27560

OFF-MARKET
Drive through restaurants
Property ID
US53-5837564
3,478 SF 0.86 ac lot Built 2013
Entity Owned 17-yr Hold Free & Clear
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Property profile

Verified
Property type Drive through restaurants
Use group DRIVE-THRU RESTAURANT, FAST FOOD
Year built 2013
Construction BRICK
Total area 3,478 SF
Lot 0.86 ac (37,462 SF)
Zoning code NAC
APN 0745.03-43-5760 0368380
UPID US53-5837564

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
  • Restaurant

Location

1108 Morrisville Carpenter Rd Morrisville, NC 27560-9575
Morrisville metro Census 53620 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$500k
CAP Approach CAP
by Request
Comparable Approach Comparable
$638k
Blend (final) Blend
$570k

Owner & transaction history

since 2008
7 recorded transactions
2022
Price N/A
2019
Price N/A
2014
Price N/A
2008
$850,000
2006
$4.0M
2006
Price N/A
2004
$2.7M

Zoning & alternative use

NAC · Morrisville, NC
Zoning description

It is intended to support a mix of residential, retail, cultural, entertainment, and office opportunities in a mixed-use village center, with street-level uses that generate pedestrian activity and upper story uses that…

General category MIXED_USE

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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