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Property profile & analytics
OFF-MARKET
Estimated value
$6,325,000
Office buildings
3131 Rdu Ctr Dr, Morrisville, NC 27560-7687
Entity Owned
4-yr Hold
Free & Clear
Property ID
US53-1444455
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2000
Construction
BRICK
Total area
61,808 SF
Lot
4.45 ac (193,842 SF)
Zoning code
ORD
APN
0766.03-14-0520 0242088
UPID
US53-1444455
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
$6.33M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.89M
Blend (final)
Blend
$6.33M
Owner & transaction history
Ccp Property Raleigh Durham LLC · 4 yrs held
Ccp Property Raleigh Durham LLC
since 2022
Last sale
$6.3M
7 recorded transactions
Zoning & alternative use
ORD · 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
$6,460,000
ML approach
$6,330,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$6.33M
Range $5.69M – $6.96M · ±10% · vs last sale $6.25M (Mar 4 2022)
Last sale anchor
$6.25M
Mar 4 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
$102 / 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
$89,250
Tax year 2023
Assessed value
$8,907,216
Assessed 2023
Previous assessed
$8,907,216
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$1,081,057
Assessed improvement
$7,826,159
Land market value
$1,081,057
Improvement market value
$7,826,159
Total market value
$8,907,216
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2000
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
61,808 SF
Lot
4.45 ac (193,842 SF)
Zoning code
ORD
APN
0766.03-14-0520 0242088
UPID
US53-1444455
Jurisdiction
WAKE
Zoning & alternative use
ORD · Morrisville, NC
Zoning ORD · permitted uses
ORD · 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
2000
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
4.45 ac
Current owner
From public records · entity-resolved
Ccp Property Raleigh Durham LLC
Entity
Free & Clear · 4 yrs held
Mailing address
4200 S HULEN ST STE #410, FORT WORTH, TX 76109-4981
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 4, 2022
$6,252,189
Ccp Property Raleigh Durham LLC
Ccp Property Raleigh Durham LLC
Special Warranty Deed
—
Nov 3, 2017
—
Ccp Prop Raleigh-durham LLC
—
Grant Deed
related
$29,800,000 · Benefit Street Ptrs Realty Ope
Oct 10, 2014
$16,200,000
Ccp Prop Raleigh-durham LLC
Tdc Blue I LLC
Grant Deed
—
Oct 10, 2014
—
Ccp Prop Raleigh-durham LLC
Tdc Blue I LLC
Trustees Deed
related
$26,600,000 · Ge Cap Bk
Aug 27, 2014
$8,400,000
Tdc Blue I LLC
Rdu Center Partners LLC
Grant Deed
$23,270,000 · Keybank Nat'l Assn/edgewood
Feb 14, 2001
—
Rdu Center Partners LLC
Rdu Center Partn
Quit Claim Deed
related
—
—
—
Rdu Center Partners LLC
—
Deed Of Trust
related
$1,195,000 · Wachovia Bank NA
—
—
Rdu Center Partners LLC
—
Deed Of Trust
related
$4,970,959 · Wells Fargo Bank
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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