Property profile

201 Airgate Dr Morrisville, NC 27560

OFF-MARKET
Hotels
Property ID
US53-1253161
57,774 SF 3.09 ac lot Built 2003
Entity Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Hotels
Use group HOTEL/MOTEL
Year built 2003
Construction CONCRETE BLOCKS
Total area 57,774 SF
Lot 3.09 ac (134,600 SF)
Zoning code GCCU
APN 0756.01-49-6249 0251723
UPID US53-1253161

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel
  • Hotel & Motel

Location

201 Airgate Dr Morrisville, NC 27560-8494
Morrisville metro Census 53609 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$10.24M
CAP Approach CAP
by Request
Comparable Approach Comparable
$10.25M
Blend (final) Blend
$10.21M

Owner & transaction history

since 2022
Last sale
$8.8M
5 recorded transactions
2022
$8.8M
2017
$6.8M
2008
Price N/A
2001
$942,500
2001
$942,500

Zoning & alternative use

GCCU · Morrisville, NC

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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