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Property profile & analytics
OFF-MARKET
Estimated value
$2,765,000
Drive through restaurants
1115 Hatches Pond Ln, Morrisville, NC 27560-6292
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-0354234
Property profile
Verified
Property type
Drive through restaurants
Use group
DRIVE-THRU RESTAURANT, FAST FOOD
Year built
2020
Construction
BRICK
Total area
1,868 SF
Lot
0.72 ac (31,363 SF)
Zoning code
GCP
APN
0745.01-45-6662 0473900
UPID
US53-0354234
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
$3.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.77M
Owner & transaction history
Jjdm LLC · 4 yrs held
Jjdm LLC
since 2022
Last sale
$2.6M
2 recorded transactions
Zoning & alternative use
GCP · 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
$2,955,000
ML approach
$3,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$2.77M
Range $2.49M – $3.04M · ±10% · vs last sale $2.55M (Feb 18 2022)
Last sale anchor
$2.55M
Feb 18 2022
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
$1,480 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$19,268
Tax year 2024
Assessed value
$2,297,966
Assessed 2024
Previous assessed
$943,582
+143.5% YoY
Effective rate
0.84%
On assessed value
Assessed land
$1,630,876
Assessed improvement
$667,090
Land market value
$1,630,876
Improvement market value
$667,090
Total market value
$2,297,966
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
2020
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
1,868 SF
Lot
0.72 ac (31,363 SF)
Zoning code
GCP
APN
0745.01-45-6662 0473900
UPID
US53-0354234
Jurisdiction
WAKE
Zoning & alternative use
GCP · Morrisville, NC
Zoning GCP · permitted uses
GCP · 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
2020
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.72 ac
Current owner
From public records · entity-resolved
Jjdm LLC
Entity
Mailing address
1842 KINGS LNDG RD, HAMPSTEAD, NC 28443-8376
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 18, 2022
$2,550,000
Jjdm LLC
Leyland Twin Lakes LLC
Special Warranty Deed
—
Aug 31, 2021
—
Leyland Twin Lakes LLC
—
Deed
related
$7,962,500 · Marine FCU
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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