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Property profile & analytics
OFF-MARKET
Estimated value
$9,660,000
Hotels
201 Airgate Dr, Morrisville, NC 27560-8494
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-1253161
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
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.24M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$10.25M
Blend (final)
Blend
$9.66M
Owner & transaction history
Aadhyaa LLC · 3 yrs held
Aadhyaa LLC
since 2022
Last sale
$8.8M
5 recorded transactions
Zoning & alternative use
GCCU · 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
$10,205,000
ML approach
$10,240,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$12,075,000
Current use
Blend value · Realmo final
$9.66M
Range $8.69M – $10.63M · ±10% · vs last sale $8.80M (Jul 28 2022)
Last sale anchor
$8.80M
Jul 28 2022
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
$167 / 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
$68,732
Tax year 2023
Assessed value
$6,859,506
Assessed 2023
Previous assessed
$6,859,506
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$1,211,400
Assessed improvement
$5,648,106
Land market value
$1,211,400
Improvement market value
$5,648,106
Total market value
$6,859,506
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
2003
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
CENTRAL
Stories
4
Units
87
Total area
57,774 SF
Lot
3.09 ac (134,600 SF)
Zoning code
GCCU
APN
0756.01-49-6249 0251723
UPID
US53-1253161
Jurisdiction
WAKE
Zoning & alternative use
GCCU · Morrisville, NC
Zoning GCCU · permitted uses
GCCU · 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
HOTEL/MOTEL Current
Est. value
$12.1M
HOTEL/MOTEL Current
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
2003
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
Yes
Stories
4
Units
87
Lot
3.09 ac
Current owner
From public records · entity-resolved
Aadhyaa LLC
Entity
Mailing address
2302 NORWOOD AVE, GOLDSBORO, NC 27534-1675
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 28, 2022
$8,800,000
Aadhyaa LLC
Opal Hotels Rdu Airport LLC
Special Warranty Deed
$6,600,000 · First Citizens Bank & Trust Co
Sep 29, 2017
$6,785,000
Opal Hotels-rdu Airport LLC
East West Hospitality LLC
Grant Deed
$5,900,000 · Truliant
Dec 19, 2008
—
East West Hospitality LLC
—
Deed Of Trust
related
$6,500,000 · Carter Bank & Trust
Mar 23, 2001
$942,500
East West Hospitality LLC
East,west H
Grant Deed
related
—
Mar 15, 2001
$942,500
East West Hospitality LLC
V Five LLC
Grant Deed
—
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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