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Property profile & analytics
OFF-MARKET
Warehouses
155 Kitty Hawk Dr, Morrisville, NC 27560-8511
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US53-5788220
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1992
Construction
METAL FRAME
Total area
10,000 SF
Lot
1.63 ac (71,003 SF)
Zoning code
ORD
APN
0757.02-77-9004 0191212
UPID
US53-5788220
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
155 Kitty Hawk LLC · 1 yrs held
155 Kitty Hawk LLC
since 2025
Last sale
$2.1M
6 recorded transactions
Zoning & alternative use
ORD · 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
$12,206
Tax year 2023
Assessed value
$1,218,213
Assessed 2023
Previous assessed
$1,218,213
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$284,012
Assessed improvement
$934,201
Land market value
$284,012
Improvement market value
$934,201
Total market value
$1,218,213
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
1992
Construction
METAL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
10,000 SF
Lot
1.63 ac (71,003 SF)
Zoning code
ORD
APN
0757.02-77-9004 0191212
UPID
US53-5788220
Jurisdiction
WAKE
Zoning & alternative use
ORD · Morrisville, NC
Zoning ORD · permitted uses
ORD · 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
1992
Construction
METAL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
1.63 ac
Current owner
From public records · entity-resolved
155 Kitty Hawk LLC
Entity
Mailing address
409 DRUMMOND DR, RALEIGH, NC 27609-7033
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 16, 2025
$2,100,000
155 Kitty Hawk LLC
Spz Solara Property LLC
Special Warranty Deed
$1,625,000 · First Bank
Oct 14, 2021
—
Spz Solara Property LLC
—
Deed
related
$1,296,000 · Truist Bank
Aug 3, 2015
$1,100,000
Spz Solara Property LLC
Solara Kitty Hawk Property LLC
Grant Deed
related
—
Mar 28, 2013
—
Solara Kitty Hawk Property LLC
Us Of America
Grant Deed
related
—
Sep 23, 2004
$857,000
Mario Easevoli JR.
Synergy Communications Corp
Quit Claim Deed
related
—
Aug 24, 2004
$857,000
Synergy Communications Corp
First In Flight Dev
Warranty Deed
$602,000 · Interbay Funding LLC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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