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Property profile & analytics
OFF-MARKET
Estimated value
$15,200,000
Outlet malls
3001 Market Ctr Dr, Morrisville, NC 27560-7505
Individually Owned
13-yr Hold
~
Est. High Equity
Property ID
US53-2296897
Property profile
Verified
Property type
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Year built
2011
Construction
FRAME
Total area
137,840 SF
Lot
10.23 ac (445,619 SF)
Zoning code
MUPD
APN
0754.01-48-6109 0379244
UPID
US53-2296897
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
$13.55M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$15.20M
Owner & transaction history
Pr III Of Wood Cary Parkway Apart · 13 yrs held
Pr III Of Wood Cary Parkway Apart
since 2013
1 recorded transaction
Zoning & alternative use
MUPD · 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%
$14,675,000
6.5%
$13,545,000
7%
$12,580,000
Blend value · Realmo final
$15.20M
Range $13.68M – $16.72M · ±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
$110 / 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
$142,022
Tax year 2023
Assessed value
$12,896,066
Assessed 2023
Previous assessed
$12,896,066
+0.0% YoY
Effective rate
1.10%
On assessed value
Assessed land
$6,335,550
Assessed improvement
$6,560,516
Land market value
$6,335,550
Improvement market value
$6,560,516
Total market value
$12,896,066
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
Outlet malls
Use group
WHOLESALE OUTLET, DISCOUNT STORE
Status
Off-Market
Year built
2011
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
137,840 SF
Lot
10.23 ac (445,619 SF)
Zoning code
MUPD
APN
0754.01-48-6109 0379244
UPID
US53-2296897
Jurisdiction
WAKE
Zoning & alternative use
MUPD · Morrisville, NC
Zoning MUPD · permitted uses
MUPD · 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
2011
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
10.23 ac
Current owner
From public records · entity-resolved
Pr III Of Wood Cary Parkway Apart
Individual
Mailing address
PO BOX 9456, MINNEAPOLIS, MN 55440-9456
Ownership since
2013
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 20, 2013
—
Pr III Of Wood Cary Parkway Apart
—
Loan Modification
related
$22,450,544 · Bank Of America
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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