New search
Property profile & analytics
OFF-MARKET
Estimated value
$6,595,000
Medical Office Space
2001 Carrington Ml Blvd, Morrisville, NC 27560-9005
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US53-2450658
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2011
Construction
BRICK
Total area
24,007 SF
Lot
4.37 ac (190,357 SF)
Zoning code
RAC
APN
0746.02-77-2716 0283532
UPID
US53-2450658
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
$8.31M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.25M
Blend (final)
Blend
$6.60M
Owner & transaction history
Sal Partners LLC · 6 yrs held
Sal Partners LLC
since 2020
Last sale
$5.9M
3 recorded transactions
Zoning & alternative use
RAC · Morrisville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$10.1M
+22.6%
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
$8,390,000
ML approach
$8,310,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$8,270,000
Current use
AUTO REPAIR, GARAGE
$10,140,000
Change: +23% · Conversion: Difficult
Blend value · Realmo final
$6.60M
Range $5.94M – $7.25M · ±10% · vs last sale $5.90M (May 21 2020)
Last sale anchor
$5.90M
May 21 2020
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
$275 / 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
$66,417
Tax year 2023
Assessed value
$6,157,299
Assessed 2023
Previous assessed
$6,157,299
+0.0% YoY
Effective rate
1.08%
On assessed value
Assessed land
$1,713,213
Assessed improvement
$4,444,086
Land market value
$1,713,213
Improvement market value
$4,444,086
Total market value
$6,157,299
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2011
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
24,007 SF
Lot
4.37 ac (190,357 SF)
Zoning code
RAC
APN
0746.02-77-2716 0283532
UPID
US53-2450658
Jurisdiction
WAKE
Zoning & alternative use
RAC · Morrisville, NC
Zoning RAC · permitted uses
RAC · 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.
Alternative use value scenarios
Repositioning upside vs current use
MEDICAL BUILDING Current
Est. value
$8.3M
AUTO REPAIR, GARAGE
Est. value
$10.1M
MEDICAL BUILDING Current
AUTO REPAIR, GARAGE
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2011
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
4.37 ac
Current owner
From public records · entity-resolved
Sal Partners LLC
Entity
Mailing address
754 COSTA RICA AVE, SAN MATEO, CA 94402-1065
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 21, 2020
—
Sal Partners LLC
Punit K Sarna
Special Warranty Deed
$4,700,000 · First Citizens Bank & Trust Co
Aug 26, 2016
$5,900,000
Punit K Sarna
Buerge Capital Partners I LLC
Grant Deed
$4,000,000 · Great Lakes Cu
Jun 20, 2013
$5,850,000
Buerge Capital Partners I LLC
Culinary Partners LLC
Grant Deed
related
$3,000,000 · First Nat'l Bk & Trust Co/okmu
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2001 Carrington Ml Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
