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Property profile & analytics
OFF-MARKET
Estimated value
$570,000
Drive through restaurants
1108 Morrisville Carpenter Rd, Morrisville, NC 27560-9575
Entity Owned
17-yr Hold
Free & Clear
Property ID
US53-5837564
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
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
Luihn Real Estate Invs LLC · 17 yrs held
Luihn Real Estate Invs LLC
since 2008
7 recorded transactions
Zoning & alternative use
NAC · Morrisville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Morrisville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morrisville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
$500,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$570k
Range $513k – $627k · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$164 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$17,943
Tax year 2023
Assessed value
$1,713,731
Assessed 2023
Previous assessed
$1,713,731
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$579,912
Assessed improvement
$1,133,819
Land market value
$579,912
Improvement market value
$1,133,819
Total market value
$1,713,731
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Status
Off-Market
Year built
2013
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Rooms
6
Total area
3,478 SF
Lot
0.86 ac (37,462 SF)
Zoning code
NAC
APN
0745.03-43-5760 0368380
UPID
US53-5837564
Jurisdiction
WAKE
Zoning & alternative use
NAC · Morrisville, NC
Zoning NAC · permitted uses
NAC · Morrisville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Morrisville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2013
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Rooms
6
Lot
0.86 ac
Current owner
From public records · entity-resolved
Luihn Real Estate Invs LLC
Entity
Free & Clear · 17 yrs held
Mailing address
2950 GTWY CTR BLVD, MORRISVILLE, NC 27560-9615
Ownership since
2008
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 5, 2022
—
Luihn Vantedge Partners LLC
—
Deed
related
—
Mar 27, 2019
—
Luihn Vantedge Partners LLC
—
Grant Deed
related
$115,700,000 · Wells Fargo Bk
Dec 18, 2014
—
Luihn Real Estate Invs LLC
—
Grant Deed
related
$5,128,983 · Branch Bk&tr
Sep 10, 2008
$850,000
Luihn Real Estate Invs LLC
Southstar Holdings-durham II L
Warranty Deed
—
Aug 18, 2006
$4,010,000
Holdings-durham Southstar II
Ferrell,betty L
Warranty Deed
related
—
Apr 28, 2006
—
David S Ferrell
Ferrell Investments
Quit Claim Deed
related
—
Dec 17, 2004
$2,667,500
Ferrell Investments
Sears,john W & Maggie B
Warranty Deed
—
Jun 14, 2004
$2,334,500
Itac 76 LLC
National Investments Dev 10 L
Grant Deed
—
Sep 18, 2002
$2,179,000
National Investments Dvlpm
Morris Davis Dev
Grant Deed
—
Feb 28, 2002
$1,500,000
Davis Development L Morris
Morris Davis Dev
Grant Deed
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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