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Property profile & analytics
OFF-MARKET
Estimated value
$16,865,000
Distribution centers
120 Trans Air Dr, Morrisville, NC 27560-7208
Entity Owned
Absentee Owner
~
Est. High Equity
Property ID
US53-1846857
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1997
Total area
163,608 SF
Lot
9.5 ac (413,820 SF)
Zoning code
IM
APN
0756.03-24-1238 0229475
UPID
US53-1846857
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
$11.90M
CAP Approach
CAP
$19.56M
Comparable Approach
Comparable
$16.68M
Blend (final)
Blend
$16.87M
Owner & transaction history
Morrisville Lc Owner LLC
Morrisville Lc Owner LLC
since 2025
Last sale
$16.1M
4 recorded transactions
Zoning & alternative use
IM · 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
$20,865,000
ML approach
$11,895,000
CAP Approach
CAP Return
Estimation
6%
$21,190,000
6.5%
$19,560,000
7%
$18,165,000
Blend value · Realmo final
$16.87M
Range $15.18M – $18.55M · ±10% · vs last sale $16.10M (Feb 1 2021)
Last sale anchor
$16.10M
Feb 1 2021
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
$103 / 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
$176,117
Tax year 2024
Assessed value
$19,724,075
Assessed 2024
Previous assessed
$19,724,075
+0.0% YoY
Effective rate
0.89%
On assessed value
Assessed land
$1,918,894
Assessed improvement
$17,805,181
Land market value
$1,918,894
Improvement market value
$17,805,181
Total market value
$19,724,075
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1997
Heating
SPACE
Cooling
CENTRAL
Stories
1
Total area
163,608 SF
Lot
9.5 ac (413,820 SF)
Zoning code
IM
APN
0756.03-24-1238 0229475
UPID
US53-1846857
Jurisdiction
WAKE
Zoning & alternative use
IM · Morrisville, NC
Zoning IM · permitted uses
IM · 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
1997
Heating
SPACE
Cooling
Yes
Stories
1
Lot
9.5 ac
Current owner
From public records · entity-resolved
Morrisville Lc Owner LLC
Entity
Mailing address
100 W MATSONFORD RD STE #250, RADNOR, PA 19087-4558
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 18, 2025
$28,400,000
Morrisville Lc Owner LLC
Exeter 120 Trans Air 2020 LLC
Special Warranty Deed
$192,060,000 · Wells Fargo Bank NA
May 2, 2025
—
Exeter 120 Trans Air 2020 LLC
—
Deed
related
$158,600,000 · Capital One NA
Feb 1, 2021
$16,100,000
Exeter I2o Trans Air 2o2o Ll
I2o Trans Air Nc L Mid-south
Grant Deed
—
Jul 13, 2011
$9,697,000
Exeter 120 Trans Air LLC
Pco Watkins Road LP
Deed Of Trust
related
$180,000,000 · Wells Fargo Bank
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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