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    OFF-MARKET Estimated value $6,840,000
    Grocery and convenience stores

    801 Airport Blvd, Morrisville, NC 27560-9192

    4,376 SF 1.49 ac lot Built 2022
    Entity Owned 3-yr Hold Free & Clear
    Property ID
    US53-0440467
    Property summary
    AI-generated overview

    This exceptional 0.99-acre commercial land parcel presents a unique investment opportunity in the thriving Morrisville, North Carolina market. Located at 801 Airport Boulevard, this single-tenant property boasts premium frontage and is zoned Corridor Commercial, offering significant development potential. The expansive lot size provides ample space for a variety of commercial ventures. Its convenient location near Perimeter Park Drive ensures high visibility and easy access for customers and employees. The property's address is 801 Airport Blvd, Morrisville, NC 27560, situated in Wake County. This prime location within the Corridor Commercial zoning district opens doors to a wide range of permitted uses, making it an ideal site for businesses seeking a strategic presence in this rapidly growing area. The property is offered for sale or ground lease, providing flexibility for potential buyers or lessees. The single-tenant nature of the property simplifies ownership and management, making it an attractive option for investors seeking a straightforward investment. With its strategic location, ample space, and flexible ownership options, this property represents a compelling opportunity to establish a successful commercial enterprise in a high-demand market. The property's size is precisely 0.99 acres, providing a substantial footprint for development. This is a rare opportunity to acquire a well-positioned commercial land parcel in a highly sought-after location.

    Property profile
    Verified
    Property type Grocery and convenience stores
    Use group GROCERY, SUPERMARKET
    Year built 2022
    Construction BRICK
    Total area 4,376 SF
    Lot 1.49 ac (64,904 SF)
    Zoning code CC
    APN 0756.01-15-6977 0498340
    UPID US53-0440467
    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
    $6.05M
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $6.84M
    Owner & transaction history
    Jsp Realty Group LLC · 3 yrs held
    Jsp Realty Group LLC
    since 2023
    Last sale
    $7.0M
    1 recorded transaction
    2023
    $7.0M
    Zoning & alternative use
    CC · Morrisville, NC
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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