Hotel Hospitality
164 JAMESON INN DR Forest City, NC 28043
For Sale
Contact for pricing
For-sale hotel asset offered with offering materials available through the provided platform link.
Property Size32,961 SF
Price / SF$126.18
Days on Market57
Property Features for 164 JAMESON INN DR
General Information
- Standard status
- Active
- Size
- 32,961 SF
- Property subtype
- Hospitality
Building Details
- Year Built
- 1997
Listing Agency:
Connolly Investments
Listed By:
Katherine Connolly · License #02197934
Source:
Crexi
Added: May 28
Changed: Jul 10
Last Checked: Jul 22 at 2:49PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Connolly Investments
Investment Insights
Based on property information with market context.
This offering presents a hotel and hospitality commercial real estate property available for sale. The opportunity is supported by an offering memorandum, financial information, and related franchise details available through the access link provided in the public remarks.
The property is located at 164 Jameson Inn Dr in Forest City, NC. Interested parties can review the complete materials through the platform link included in the remarks to understand the asset specifics, financials, and any franchise-related information.
For buyers seeking a hotel hospitality investment, this package is structured to provide the key decision materials upfront, including the OM and financial documentation. Review the offering materials for the property’s operating and franchise context, and confirm any additional terms directly through the seller’s materials before proceeding.
The property is located at 164 Jameson Inn Dr in Forest City, NC. Interested parties can review the complete materials through the platform link included in the remarks to understand the asset specifics, financials, and any franchise-related information.
For buyers seeking a hotel hospitality investment, this package is structured to provide the key decision materials upfront, including the OM and financial documentation. Review the offering materials for the property’s operating and franchise context, and confirm any additional terms directly through the seller’s materials before proceeding.
Key Highlights
- Hotel asset offered for sale with offering materials (OM), financials, and franchise information available via the provided link
- Year built: 1997
Financial Insights For Hotel Hospitality
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $454.9k | $13.80 |
| − Vacancy | −$84.1k | −$2.55 |
| EGI | $370.7k | $11.25 |
| − OpEx | −$194.6k | −$5.90 |
| NOI | $176.1k | $5.34 |
32,961 SF · lease $13.80/SF/yr · vacancy 18.50% · expense 52.50%
Alternative Uses
Best Use
Hotel Hospitality
$2.52M
$2.20M – $2.93M
NOI $176,088 @ 7.0% cap · market cap 4.23%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$7.27M
$6.36M – $8.48M
NOI $508,812 @ 7.0% cap · market cap 12.23%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Hotels
FAQs
What type of property is this?
Hotel - For-sale hotel asset offered with offering materials available through the provided platform link.
Where is this hotel located?
The property is located at 164 JAMESON INN DR Forest City, NC.
What is the asking price?
The asking price for this property is $4,159,000.
What are key features of this property?
This property features: Hotel asset offered for sale with offering materials (OM), financials, and franchise information available via the provided link; Year built: 1997
