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Property profile & analytics
OFF-MARKET
Estimated value
$5,935,000
Warehouses
606 Church St, Morrisville, NC 27560-9739
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-0630437
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
2000
Construction
METAL FRAME
Total area
57,216 SF
Lot
6.85 ac (298,386 SF)
Zoning code
LDR
APN
0745.08-97-2994 0269850
UPID
US53-0630437
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
by Request
CAP Approach
CAP
$6.84M
Comparable Approach
Comparable
$7.09M
Blend (final)
Blend
$5.94M
Owner & transaction history
North Carolina Nystrom Family LLC · 2 yrs held
North Carolina Nystrom Family LLC
since 2023
Last sale
$4.8M
4 recorded transactions
Zoning & alternative use
LDR · 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
$6,110,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$7,410,000
6.5%
$6,840,000
7%
$6,350,000
Blend value · Realmo final
$5.94M
Range $5.34M – $6.53M · ±10% · vs last sale $4.81M (Aug 4 2023)
Last sale anchor
$4.81M
Aug 4 2023
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
$104 / 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
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
2000
Construction
METAL FRAME
Heating
NONE
Cooling
NONE
Stories
1
Total area
57,216 SF
Lot
6.85 ac (298,386 SF)
Zoning code
LDR
APN
0745.08-97-2994 0269850
UPID
US53-0630437
Jurisdiction
WAKE
Zoning & alternative use
LDR · Morrisville, NC
Zoning LDR · permitted uses
LDR · 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
METAL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
6.85 ac
Current owner
From public records · entity-resolved
North Carolina Nystrom Family LLC
Entity
Mailing address
11701 YOUNG MNR DR, MIDLOTHIAN, VA 23113-2025
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 4, 2023
$4,812,000
North Carolina Nystrom Family LLC
Machengo Properties LLC
Special Warranty Deed
$4,500,000 · Atlantic Union Bank
Mar 17, 2021
—
Machengo Properties LLC
—
Deed
related
$1,437,049 · The Fidelity Bank
Dec 23, 2010
$2,300,000
606 Church Street LLC
Duke Gift Properties INC
Grant Deed
—
Apr 30, 2010
—
Duke Gift Properties INC
Owner,record
Grant Deed
related
—
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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