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Property profile & analytics
OFF-MARKET
Estimated value
$5,025,000
Warehouses
3405 Page Rd, Morrisville, NC 27560-8544
Entity Owned
3-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-1045311
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2004
Total area
85,372 SF
Lot
5.7 ac (248,292 SF)
Zoning code
IX-3-CU
APN
157729
UPID
US53-1045311
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
$5.57M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.80M
Blend (final)
Blend
$5.03M
Owner & transaction history
Ranch Pacific LLC · 3 yrs held
Ranch Pacific LLC
since 2022
Last sale
$5.1M
7 recorded transactions
Zoning & alternative use
IX-3-CU · 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
$4,655,000
ML approach
$5,565,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$5.03M
Range $4.52M – $5.53M · ±10% · vs last sale $5.05M (Aug 4 2022)
Last sale anchor
$5.05M
Aug 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
$59 / 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
$65,527
Tax year 2023
Assessed value
$5,679,735
Assessed 2024
Previous assessed
$5,679,735
+0.0% YoY
Effective rate
1.15%
On assessed value
Assessed land
$624,023
Assessed improvement
$5,055,712
Land market value
$624,023
Improvement market value
$5,055,712
Total market value
$5,679,735
Applied tax rate
105.0000
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
2004
Heating
SPACE
Cooling
YES
Stories
1
Bathrooms
1
Total area
85,372 SF
Lot
5.7 ac (248,292 SF)
Zoning code
IX-3-CU
APN
157729
UPID
US53-1045311
Jurisdiction
DURHAM
Zoning & alternative use
IX-3-CU · Morrisville, NC
Zoning IX-3-CU · permitted uses
IX-3-CU · 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
2004
Heating
SPACE
Cooling
Yes
Stories
1
Bathrooms
1
Lot
5.7 ac
Current owner
From public records · entity-resolved
Ranch Pacific LLC
Entity
Free & Clear · 3 yrs held
Mailing address
3300 PHILIPS HWY, JACKSONVILLE, FL 32207-4312
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 4, 2022
—
Ranch Pacific LLC
Spirit Master Funding X LLC
Assignment Of Lease (leasehold Sale)
—
Aug 4, 2022
$5,050,000
Rosen6 LLC
Spirit Master Funding X LLC
Special Warranty Deed
—
Apr 29, 2020
$2,463,500
Spirit Master Funding X LLC
Mac Papers INC
Warranty Deed
—
Jan 29, 2004
—
Macpapers INC
Mcgehee Rlty Of Palm Bch Cnty
Grant Deed
related
—
Nov 9, 2001
—
Center Partners LLC
Center Partnersh
Quit Claim Deed
related
—
Aug 6, 2001
$256,000
Center Partnership
World Trade Prop
Trustees Deed
—
Aug 6, 2001
$6,000
Center Partnership
World Trade Prop
Trustees Deed
—
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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