Property profile

1406 Heartland Dr Kernersville, NC 27284

OFF-MARKET
Motels
Property ID
US53-1586302
35,892 SF 2.2 ac lot Built 1995
Entity Owned 9-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This fee-simple owned, 104-key Sleep Inn hotel presents a compelling investment opportunity. Located at 1406 Heartland Drive, Kernersville, NC 27284, this established property boasts a prime location and significant potential for return. Built in 1995, the hotel sits on a 2.2-acre lot in Forsyth County, offering ample space and potential for future development or expansion. The property's 104 keys cater to a substantial market demand, ensuring consistent occupancy rates. The asking price for this turnkey operation is $7,995,000. This represents a rare chance to acquire a well-established hotel in a thriving North Carolina market. The property's strategic location near I-40 provides excellent accessibility for both business and leisure travelers. With its proven track record and strong market position, this Sleep Inn hotel offers a stable and potentially lucrative investment for discerning buyers. Detailed financial information is available upon request. This is a fee simple ownership, providing complete control and ownership of the property.

Property profile

Verified
Property type Motels
Use group MOTEL
Year built 1995
Construction WOOD
Total area 35,892 SF
Lot 2.2 ac (95,832 SF)
Zoning code HB-S
APN 6885-62-2298.00
UPID US53-1586302

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
  • Hotel & Motel

Location

1406 Heartland Dr Kernersville, NC 27284-3560
Kernersville metro Census 3315 WINSTON-SALEM, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.17M
Comparable Approach Comparable
$2.84M
Blend (final) Blend
$3.01M

Owner & transaction history

since 2017
1 recorded transaction
2017
$3.8M

Zoning & alternative use

HB-S · Kernersville, NC
Zoning description

The HB-S District is primarily intended to accommodate retail service and distributive uses. The district is established to provide locations for establishments which require high visibility and good road access, or whic…

General category COMMERCIAL
Top alternative use upside
Retail stores $4.8M +81.4%
Medical building $4.4M +67.1%
Auto repair, garage $3.9M +46.7%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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