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Property profile & analytics
OFF-MARKET
Estimated value
$4,535,000
Automotive properties
9530 Lumley Rd, Morrisville, NC 27560-7497
Entity Owned
Absentee Owner
Free & Clear
Property ID
US53-2405600
Property profile
Verified
Property type
Automotive properties
Use group
VEHICLE SALES, RENTALS
Year built
2021
Construction
METAL FRAME
Total area
68,329 SF
Lot
8.18 ac (356,321 SF)
Zoning code
IX-3
APN
0768.04-83-7013 0017074
UPID
US53-2405600
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
$3.81M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.54M
Owner & transaction history
Raleigh Durham Airport Authority
Raleigh Durham Airport Authority
since 2025
Last sale
$6,500
4 recorded transactions
Zoning & alternative use
IX-3 · 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
$3,200,000
ML approach
$3,810,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.54M
Range $4.08M – $4.99M · ±10% · vs last sale $7k (Dec 4 2025)
Last sale anchor
$7k
Dec 4 2025
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
$66 / 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
$164,083
Tax year 2023
Assessed value
$15,053,483
Assessed 2023
Previous assessed
$15,053,483
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$2,854,131
Assessed improvement
$12,199,352
Land market value
$2,854,131
Improvement market value
$12,199,352
Total market value
$15,053,483
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
Automotive properties
Use group
VEHICLE SALES, RENTALS
Status
Off-Market
Year built
2021
Construction
METAL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Total area
68,329 SF
Lot
8.18 ac (356,321 SF)
Zoning code
IX-3
APN
0768.04-83-7013 0017074
UPID
US53-2405600
Jurisdiction
WAKE
Zoning & alternative use
IX-3 · Morrisville, NC
Zoning IX-3 · permitted uses
IX-3 · 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
2021
Construction
METAL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
2
Lot
8.18 ac
Current owner
From public records · entity-resolved
Raleigh Durham Airport Authority
Entity
Free & Clear · 0 yrs held
Mailing address
6000 MONROE RD STE #100, CHARLOTTE, NC 28212-6119
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Dec 4, 2025
$6,500
Raleigh Durham Airport Authority
Raleigh Ho Re LLC
Warranty Deed
—
Dec 4, 2025
$38,500
Raleigh Durham Airport Authority
Raleigh Ho Re LLC
Special Warranty Deed
—
Apr 3, 2024
—
Raleigh Ho Re LLC
—
Deed
related
$21,780,000 · Bank Of America NA
Dec 19, 2023
$3,480,500
Kim Jax LLC
Hendrick Automotive Group LLC
Special Warranty Deed
—
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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