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Property profile & analytics
OFF-MARKET
Warehouses
1311 Copeland Oaks Dr, Morrisville, NC 27560-6613
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US53-5686323
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2000
Construction
METAL FRAME
Total area
2,130 SF
Lot
0.01 ac (436 SF)
Zoning code
CC
APN
0746.04-92-6093 0281395
UPID
US53-5686323
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Studio Forever Creation LLC · 5 yrs held
Studio Forever Creation LLC
since 2021
Last sale
$340,000
7 recorded transactions
Zoning & alternative use
CC · 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$2,000
Tax year 2023
Assessed value
$337,501
Assessed 2023
Previous assessed
$337,501
+0.0% YoY
Effective rate
0.59%
On assessed value
Assessed improvement
$337,501
Improvement market value
$337,501
Total market value
$337,501
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
2000
Construction
METAL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
2,130 SF
Lot
0.01 ac (436 SF)
Zoning code
CC
APN
0746.04-92-6093 0281395
UPID
US53-5686323
Jurisdiction
WAKE
Zoning & alternative use
CC · Morrisville, NC
Zoning CC · permitted uses
CC · 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
2000
Construction
METAL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.01 ac
Current owner
From public records · entity-resolved
Studio Forever Creation LLC
Entity
Mailing address
1181 LITTLE GEM LN, APEX, NC 27523-7802
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 25, 2021
$340,000
Studio Forever Creation LLC
Forever Creations LLC
Warranty Deed
$318,600 · Capital Bank NA
Mar 10, 2020
—
Forever Creations LLC
—
Deed
related
$125,000 · Silver Hill Financial LLC
Oct 28, 2015
$299,000
Forever Creations LLC
Binger Studio LLC
Warranty Deed
—
Nov 30, 2011
$185,000
Binger Studio LLC
Langford,rene F & Joan M
Warranty Deed
—
Nov 30, 2011
$114,500
Rene F Langford
Riley,michael G & Kim C
Warranty Deed
—
Mar 2, 2011
$110,000
Michael G Riley
Langford,rene F & Joan M
Grant Deed
—
Nov 19, 2004
$180,000
Rene F Langford
Glenstate LLC
Warranty Deed
$144,000 · Central Carolina Bank & Trust
—
—
Rene F Langford
—
Deed Of Trust
related
$500,000 · Suntrust Bank NA
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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