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Property profile & analytics
OFF-MARKET
Estimated value
$5,425,000
Warehouses
201 Kitty Hawk Dr, Morrisville, NC 27560-7659
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US53-5682226
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1989
Construction
CONCRETE BLOCKS
Total area
50,340 SF
Lot
4.16 ac (181,210 SF)
Zoning code
GC
APN
0757.02-77-9560 0177292
UPID
US53-5682226
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
$6.02M
Comparable Approach
Comparable
$6.49M
Blend (final)
Blend
$5.43M
Owner & transaction history
Gwc Of Kitty Hawk LLC · 6 yrs held
Gwc Of Kitty Hawk LLC
since 2019
7 recorded transactions
Zoning & alternative use
GC · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$6,520,000
6.5%
$6,020,000
7%
$5,590,000
Blend value · Realmo final
$5.43M
Range $4.88M – $5.97M · ±10%
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
$108 / 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
$44,582
Tax year 2023
Assessed value
$4,449,254
Assessed 2023
Previous assessed
$4,449,254
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$770,195
Assessed improvement
$3,679,059
Land market value
$770,195
Improvement market value
$3,679,059
Total market value
$4,449,254
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
1989
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
50,340 SF
Lot
4.16 ac (181,210 SF)
Zoning code
GC
APN
0757.02-77-9560 0177292
UPID
US53-5682226
Jurisdiction
WAKE
Zoning & alternative use
GC · Morrisville, NC
Zoning GC · permitted uses
GC · 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
1989
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
4.16 ac
Current owner
From public records · entity-resolved
Gwc Of Kitty Hawk LLC
Entity
Mailing address
4104 ATLANTIC AVE STE #140, RALEIGH, NC 27604-1803
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 11, 2019
$13,300
Gwc Of Kitty Hawk LLC
Kerala Capital Partners LLC
Grant Deed
related
$3,000,000 · Miscellaneous Ins Co
Oct 11, 2019
—
Gwc Of Kitty Hawk LLC
Kerala Capital Partners LLC
Grant Deed
related
—
Dec 21, 2016
—
Kerala Capital Partners LLC
—
Deed
related
$4,160,000 · First Bk
Nov 23, 2016
$5,200,000
Kerala Capital Partners LLC
Drv Kitty Hawk LLC
Warranty Deed
related
—
Oct 29, 2008
$4,475,000
Drv Kitty Hawk LLC
201 Associates LLC
Grant Deed
$3,250,000 · Coastal FCU
Jun 16, 2006
$2,350,000
201 Associates LLC
Burkhardt,william C
Grant Deed
$2,790,000 · Rbc Centura Bank
Jun 16, 2006
—
William C Burkhardt
Kitty Hawk Associates
Grant Deed
related
—
—
—
Drv Kitty Hawk LLC
—
Deed Of Trust
related
$2,900,000 · Paragon Com'l Bk
—
—
Kerala Capital Partners LLC
—
Deed Of Trust
related
$4,160,000 · First Bk
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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