Property profile

419 Airport Blvd Morrisville, NC 27560

OFF-MARKET
Land
Property ID
US53-1672498
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Property summary

AI-generated overview

This exceptional commercial land parcel, located at 419 Airport Blvd in Morrisville, NC (zip code 27560), presents a unique development opportunity in Wake County's thriving commercial corridor. Situated near the intersection of major transportation arteries, including I-40 and I-540, and in close proximity to Raleigh-Durham International Airport (RDU), this property boasts unparalleled accessibility and high visibility. The versatile zoning allows for a range of development options, including retail, office, or mixed-use projects, catering to diverse business needs. This prime location ensures maximum exposure within a high-growth market, attracting a substantial customer base. Extensive due diligence has already been completed, including multiple assessments, significantly streamlining the decision-making process for potential buyers. A detailed table of ordinances is available for review at the provided link: [https://user-cjghrlw.cld.bz/Updated-Working-DRAFT-UDO-Adopted-Version-July-2024/168/]. This property is ideal for businesses seeking a strategic location with exceptional visibility and convenient access to major transportation networks and RDU Airport. The site's potential for significant return on investment makes it an attractive proposition for developers and investors alike.

Property profile

Verified
Property type Land
UPID US53-1672498

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

419 Airport Blvd Morrisville, NC 27560
Morrisville metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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