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    Property profile & analytics

    948 Airport Blvd Morrisville, NC 27560-9193

    • Turn key restaurants
    • 6,838 SF
    • 2.69 lot acres
    OFF-MARKET
    Value Estimation
    $2,785,000
    Last Sale
    Nov 04, 2022
    $2,475,000
    Location Intelligence
    Property ID
    US53-2045355
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Turn key restaurants

    Property Details for 948 Airport Blvd

    Year built
    1999
    Construction
    FRAME
    Lot size
    2.69 lot acres
    Property size
    6,838 SF
    Zone code
    RAC
    Property type
    Turn key restaurants
    APN
    0756.01-27-9121 0200791
    APU
    756012791210200791

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $2,870,000

    • CAP approach

      CAP return
      Estimation
      6%
      $2,630,000
      6.5%
      $2,630,000
      7%
      $2,565,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $2,850,000
      Geo Method
      $2,600,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $2,205,000
      Retail
      $2,265,000
      Mixed-Use
      $2,285,000
      Hospitality
      $2,465,000
      Educational
      $2,405,000
      Residential Income
      $2,755,000
      Energy
      $2,405,000
      Income-Based Land
      $2,680,000
      Food Service
      $2,265,000

    Location Insight

    • Map
    • Local Demand
    City
    Morrisville
    County
    Wake
    State
    North Carolina
    Longitude
    -78.8213
    Latitude
    35.8575
    CBSA code
    39580
    CBSA name
    RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $25,868
    $1,179,710
    $1,185,945
    $2,365,655
    -
    $1,179,710
    $1,185,945
    $2,365,655

    Comparable in this City

    • Value Estimation by Request
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    • Value Estimation
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      10,062 SF

      955 Airport Blvd

      RESTAURANT • 10,062 SF
      955 Airport Blvd, Morrisville, NC 27560-9194
      View Details
    • Value Estimation by Request
      7,098 SF

      9605 Chapel Hl Rd

      RESTAURANT • 7,098 SF
      9605 Chapel Hl Rd, Morrisville, NC 27560-6902
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    • Value Estimation by Request
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      1300 Vlg Market Pl

      RESTAURANT • 6,099 SF
      1300 Vlg Market Pl, Morrisville, NC 27560-7509
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    • Value Estimation by Request
      6,957 SF

      10958 Chapel Hl Rd

      RESTAURANT • 6,957 SF
      10958 Chapel Hl Rd, Morrisville, NC 27560-8852
      View Details
    • Value Estimation by Request
      7,787 SF

      151 Airgate Dr

      RESTAURANT • 7,787 SF
      151 Airgate Dr, Morrisville, NC 27560-8495
      View Details

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    948 Airport Blvd
    Morrisville, NC 27560-9193
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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