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    Property profile & analytics

    400 Kitty Hawk Dr Morrisville, NC 27560-8514

    • Truck terminals
    • 28,160 SF
    • 3.95 lot acres
    OFF-MARKET
    Value Estimation
    $4,470,000
    Last Sale
    Jun 21, 2021
    $3,700,000
    Location Intelligence
    Property ID
    US53-1218534
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Truck terminals

    Property Details for 400 Kitty Hawk Dr

    Year built
    1992
    Construction
    CONCRETE BLOCKS
    Lot size
    3.95 lot acres
    Property size
    28,160 SF
    Zone code
    GC
    Property type
    Truck terminals
    APN
    0757.02-89-3296 0188131
    APU
    757028932960188131

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $4,795,000

    • CAP approach

      CAP return
      Estimation
      6%
      $3,855,000
      6.5%
      $3,770,000
      7%
      $3,385,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $3,235,000
      Geo Method
      $3,500,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $3,920,000
      Retail
      $3,780,000
      Mixed-Use
      $4,120,000
      Hospitality
      $3,515,000
      Educational
      $3,400,000
      Residential Income
      $3,975,000
      Energy
      $3,355,000
      Income-Based Land
      $3,760,000
      Food Service
      $3,040,000

    Location Insight

    • Map
    • Local Demand
    City
    Morrisville
    County
    Wake
    State
    North Carolina
    Longitude
    -78.8028
    Latitude
    35.891
    CBSA code
    39580
    CBSA name
    RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $25,588
    $860,310
    $1,693,420
    $2,553,730
    -
    $860,310
    $1,693,420
    $2,553,730

    Comparable in this City

    • Value Estimation by Request
      30,336 SF

      410 Southport Dr

      TRUCK TERMINAL (MOTOR FREIGHT) • 30,336 SF
      410 Southport Dr, Morrisville, NC 27560-8675
      View Details
    • Value Estimation by Request
      14,750 SF

      10314 Chapel Hl Rd

      TRUCK TERMINAL (MOTOR FREIGHT) • 14,750 SF
      10314 Chapel Hl Rd, Morrisville, NC 27560-8707
      View Details
    • Value Estimation by Request
      10,000 SF

      209 International Dr

      TRUCK TERMINAL (MOTOR FREIGHT) • 10,000 SF
      209 International Dr, Morrisville, NC 27560-8411
      View Details
    • Value Estimation
      $4,170,000
      15,888 SF

      213 International Dr

      TRUCK TERMINAL (MOTOR FREIGHT) • 15,888 SF
      213 International Dr, Morrisville, NC 27560-8411
      View Details
    • Value Estimation
      $8,790,000
      38,200 SF

      150 International Dr

      TRUCK TERMINAL (MOTOR FREIGHT) • 38,200 SF
      150 International Dr, Morrisville, NC 27560-8791
      View Details
    • Value Estimation by Request
      14,250 SF

      400 Southport Dr

      TRUCK TERMINAL (MOTOR FREIGHT) • 14,250 SF
      400 Southport Dr, Morrisville, NC 27560-8675
      View Details

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      30,000 SF

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      30,000 SF flex industrial property for sale or lease.
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    Similar Nearby for Lease

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    • Contact for pricing
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      Distribution properties • 75,000 SF
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    • $16 SF/Yr
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      Morrisville Executive Office Space

      Modern Flex Space, 2310 sq ft Available
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    • Contact for pricing
      24,350 SF

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      Flex units available near I-40 and RDU International Airport.
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    • $15 SF/Yr
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      3,663 RSF office/flex space with shared dock access available.
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    • $16 SF/Yr
      28,600 SF

      Flex Space Near RDU Airport

      Flex bay with office and dock loading near RDU Airport.
      102 Kitty Hawk Dr, Morrisville, NC 27560
      View Details
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    Morrisville, NC 27560-8514
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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