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Property profile & analytics
OFF-MARKET
Estimated value
$1,055,000
Community centers
3037 Market Ctr Dr, Morrisville, NC 27560-7505
Entity Owned
19-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-2435772
Property profile
Verified
Property type
Community centers
Use group
MINI-MALL
Year built
2011
Construction
CONCRETE BLOCKS
Total area
12,397 SF
Lot
39.7 ac (1,729,332 SF)
Zoning code
MUPD
APN
0754.01-47-3830 0105074
UPID
US53-2435772
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
$710k
CAP Approach
CAP
$1.46M
Comparable Approach
Comparable
$994k
Blend (final)
Blend
$1.06M
Owner & transaction history
Morrisville Partners LLC · 19 yrs held
Morrisville Partners LLC
since 2006
6 recorded transactions
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
$710,000
CAP Approach
CAP Return
Estimation
6%
$1,580,000
6.5%
$1,460,000
7%
$1,355,000
Blend value · Realmo final
$1.06M
Range $950k – $1.16M · ±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
$85 / 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
$505,761
Tax year 2023
Assessed value
$46,438,481
Assessed 2023
Previous assessed
$46,438,481
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$14,871,930
Assessed improvement
$31,566,551
Land market value
$14,871,930
Improvement market value
$31,566,551
Total market value
$46,438,481
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
Community centers
Use group
MINI-MALL
Status
Off-Market
Year built
2011
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
12,397 SF
Lot
39.7 ac (1,729,332 SF)
Zoning code
MUPD
APN
0754.01-47-3830 0105074
UPID
US53-2435772
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
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
39.7 ac
Current owner
From public records · entity-resolved
Morrisville Partners LLC
Entity
Mailing address
250 CIVIC CTR DR STE #500, COLUMBUS, OH 43215-5088
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 9, 2024
—
Park West Village Phase I LLC
—
Deed
related
$76,250,000 · Us Bank NA
Jun 20, 2013
—
Pr III Of Wood Cary Parkway Apart
—
Loan Modification
related
$22,450,544 · Bank Of America
Dec 29, 2006
—
Morrisville Partners LLC
Andrx Pharmaceuticals Nc INC
Quit Claim Deed
related
$19,500,000 · Morrisville Funding Co INC
Dec 29, 2006
$22,500,000
Morrisville Partners LLC
Andrx Pharmaceuticals Nc INC
Grant Deed
—
—
—
Park West Village Phase II LLC
—
Deed Of Trust
related
$32,970,000 · Key Bank & Trust
—
—
Park West Village Phase I LLC
—
Deed Of Trust
related
$36,812,906 · Us Bank NA
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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