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Property profile & analytics
OFF-MARKET
Estimated value
$5,090,000
Day care centers
6010 Mccrimmon Pkwy Morrisville, NC 27560-8126
Entity Owned
4-yr Hold
Free & Clear
Property ID
US53-1675167
Property profile
Verified
Property type
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Year built
2005
Construction
BRICK
Total area
15,346 SF
Lot
2.38 ac (103,673 SF)
Zoning code
NAC
APN
0746.03-40-4262 0331664
UPID
US53-1675167
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
$5.83M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.38M
Blend (final)
Blend
$5.09M
Owner & transaction history
Freeport Morrisville Xii LLC · 4 yrs held
Freeport Morrisville Xii LLC
since 2022
Last sale
$4.8M
3 recorded transactions
Zoning & alternative use
NAC · Morrisville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
It is intended to support a mix of residential, retail, cultural, entertainment, and office opportunities in a mixed-use village center, with street-level uses that generate pedestrian activity and upper story uses that provide complementary residential and employment uses to keep the street level active
Zone name
Neighborhood Activity Center
General category
MIXED_USE
Zone area
136.57 ac
Source
Realmo
Top alternative use upside
Neighborhood: shopping center
$8.5M
+97.9%
Restaurant
$8.0M
+87.1%
Retail stores
$7.1M
+66.0%
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
$5,595,000
ML approach
$5,825,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE
$4,270,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$8,455,000
Change: +98% · Conversion: Difficult
RESTAURANT
$7,995,000
Change: +87% · Conversion: Difficult
RETAIL STORES
$7,090,000
Change: +66% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,485,000
Change: +52% · Conversion: Difficult
MEDICAL BUILDING
$5,285,000
Change: +24% · Conversion: Difficult
Blend value · Realmo final
$5.09M
Range $4.58M – $5.60M · ±10% · vs last sale $4.83M (Jun 23 2022)
Last sale anchor
$4.83M
Jun 23 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
$332 / 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
$42,356
Tax year 2023
Assessed value
$4,045,440
Assessed 2023
Previous assessed
$4,045,440
+0.0% YoY
Effective rate
1.05%
On assessed value
Assessed land
$933,057
Assessed improvement
$3,112,383
Land market value
$933,057
Improvement market value
$3,112,383
Total market value
$4,045,440
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
Day care centers
Use group
DAY CARE, PRE-SCHOOL
Status
Off-Market
Year built
2005
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
15,346 SF
Lot
2.38 ac (103,673 SF)
Zoning code
NAC
APN
0746.03-40-4262 0331664
UPID
US53-1675167
Jurisdiction
WAKE
Zoning & alternative use
NAC · Morrisville, NCZoning NAC · permitted uses
NAC · Morrisville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
It is intended to support a mix of residential, retail, cultural, entertainment, and office opportunities in a mixed-use village center, with street-level uses that generate pedestrian activity and upper story uses that provide complementary residential and employment uses to keep the street level active
Zone name
Neighborhood Activity Center
General category
MIXED_USE
Zone area
136.57 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
Est. value
$4.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$8.5M
RESTAURANT
Est. value
$8.0M
RETAIL STORES
Est. value
$7.1M
AUTO REPAIR, GARAGE
Est. value
$6.5M
MEDICAL BUILDING
Est. value
$5.3M
COLLEGE, UNIVERSITY, VOCATIONAL SCHOOL - PRIVATE Current
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
RETAIL STORES
AUTO REPAIR, GARAGE
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2005
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
2.38 ac
Current owner
From public records · entity-resolved
Freeport Morrisville Xii LLC
Entity
Free & Clear · 4 yrs held
Mailing address
401 E LAS OLAS BLVD STE #130, FORT LAUDERDALE, FL 33301-2477
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 23, 2022
$4,826,500
Freeport Morrisville Xii LLC
Kings Kids LLC
Special Warranty Deed
—
Jul 14, 2017
—
Kings Kids LLC
—
Deed
related
$265,000 · Branch Bk&tr
—
—
Kings Kids LLC
—
Deed Of Trust
related
$265,000 · Branch Bk&tr
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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