Entity Owned Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
1985
Total area
579,364 SF
Lot
32.23 ac (1,403,939 SF)
Zoning code
IM
APN
0755.02-69-7639 0143462
UPID
US53-1937452
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
Warehouse & Storage
-
Distribution Center Logistics Company
-
Carpet & Flooring Store Hardware & Home Improvement
-
Carpet & Flooring Store Hardware & Home Improvement
-
Transportation Infrastructure Moving And Storage Service
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$71.00M
CAP Approach
CAP
$69.28M
Comparable Approach
Comparable
$61.74M
Blend (final)
Blend
$70.43M
Owner & transaction history
since 2025
7 recorded transactions
Zoning & alternative use
IM · Morrisville, NC
Zoning description
The Industrial Management District accommodates industrial uses for example manufacturing, distribution, wholesale operations, warehouses, research facilities, flex space, and business parks that are compatible and integ…
General category
INDUSTRIAL
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Unlock the complete Valuation workflow
Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$70.43M
Value range
$63.38M – $77.47M
±10% around blend
Estimated value / SF
$122 / SF
Confidence
Property data
100
Market benchmarks
100
Comparable evidence
60
$63.38M
blend $70.43M
$77.47M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
579,364 SF
Lot area
32.23 ac
Year built
1985
Stories
1
APN
0755.02-69-7639 0143462
Zoning
IM
Assessed value
$72,993,278
Annual tax
$630,297
3
Income approach: direct capitalization
Partial preview
Income approach indication
$69.28M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$75.05M
@ 6.5% CAP return
$69.28M
@ 7% CAP return
$64.33M
4
Sales comparison
Partial preview
Sales approach indication
$61.74M
Range $23.88M – $110.10M
Evidence
6 found
Recent peer sales in this city
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$70.43M
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 47 sales
$214
-43%
Submarket 72 sales
$227
-46%
County 426 sales
$210
-42%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $122/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
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Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Analytics Standard · 5 reports
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Overview
Implied cap rate
6.30%
Implied, in-place cap rate for this distribution centers
Estimated NOI ÷ last recorded sale. Refine with your own numbers in the full report.
Lower yield / higher price
Higher yield / lower price
5.0%
This property · 6.30%
9.0%
NOI (est.)
$5.11M *
* derived from a real price signal at a 7% cap
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$81.10M
Move the market yield to see immediate price impact.
Value / SF
$140
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.80%6.30%6.80%
$4.60M
$79.29M
$72.99M
$67.63M
$5.11M
$88.10M
$81.10M
$75.14M
$5.62M
$96.90M
$89.21M
$82.65M
NOI sensitivity ±10% across the selected-rate band (±0.5 pp) — derivation of the NOI above.
Property tax & assessments
Tax year 2024Property tax & assessments
Tax year 2024
Tax billed
$630,297
Tax year 2024
Assessed value
$72,993,278
Assessed 2024
Previous assessed
$72,993,278
+0.0% YoY
Effective rate
0.86%
On assessed value
Assessed land
$8,213,042
Assessed improvement
$64,780,236
Land market value
$8,213,042
Improvement market value
$64,780,236
Total market value
$72,993,278
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
1985
Heating
SPACE
Cooling
CENTRAL
Stories
1
Total area
579,364 SF
Lot
32.23 ac (1,403,939 SF)
Zoning code
IM
APN
0755.02-69-7639 0143462
UPID
US53-1937452
Jurisdiction
WAKE
Zoning & alternative use
IM · Morrisville, NCZoning IM · permitted uses
IM · Morrisville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Zoning description
The Industrial Management District accommodates industrial uses for example manufacturing, distribution, wholesale operations, warehouses, research facilities, flex space, and business parks that are compatible and integ…
General category
INDUSTRIAL
Building & site characteristics
From public records
Year built
1985
Heating
SPACE
Cooling
Yes
Stories
1
Lot
32.23 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Matched to the official district catalog
IM
INDUSTRIAL
Jurisdiction
Morrisville, NC
Recorded code
IM
Official district
IM
Official district profile
What the municipal code says about IM
Zoning description
The Industrial Management District accommodates industrial uses for example manufacturing, distribution, wholesale operations, warehouses, research facilities, flex space, and business parks that are compatible and integ…
General category
INDUSTRIAL
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for IM in Morrisville, NC.
What opens after registration
Zoning profile
Official descriptionThe district text from the municipal code
District factsZone name, category and district area
3 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
Registration is required before the official district profile is shown.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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