Property profile

250 Kitty Hawk Dr Morrisville, NC 27560

OFF-MARKET
Land
Property ID
US53-0382041
2.45 ac lot
Entity Owned 3-yr Hold
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Property summary

AI-generated overview

This exceptional 2.45-acre commercial lot, identified as Lot 4A, is situated at 250 Kitty Hawk Drive in Morrisville, North Carolina, within Wake County (zip code 27560). The property boasts an ORD permitted zoning designation, offering significant development potential. Its location provides unparalleled convenience, being one of the few remaining lots within the desirable Kitty Hawk area. This prime location offers easy access to the Triangle region and is in close proximity to the airport, making it an attractive option for businesses seeking convenient transportation links. The lot's size presents a substantial opportunity for various commercial ventures, from retail spaces to light industrial developments. The address is precisely 250 Kitty Hawk Dr, Morrisville, NC 27560, with GPS coordinates of 35.887381 latitude and -78.8026299 longitude. Given its size, zoning, and strategic location, this property represents a rare and valuable investment opportunity in a thriving North Carolina market. Serious inquiries are encouraged to explore the full potential of this exceptional commercial land parcel. The property is ready for development and offers a unique chance to establish a presence in a high-growth area.

Property profile

Verified
Property type Land
Lot 2.45 ac (106,722 SF)
UPID US53-0382041

Cap rate & NOI

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

Location

250 Kitty Hawk Dr Morrisville, NC 27560
Morrisville metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Comparable Approach Comparable
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Owner & transaction history

since 2023
2 recorded transactions
2023
$750,000
2021
$310,000

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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