Hotel With 80
275 FOREST GATE DR Pisgah Forest, NC 28768
275 FOREST GATE DR, Pisgah Forest, NC, 28768
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For Sale
Contact for pricing
Operating Hampton Inn hotel offering 80 keys, listed for sale.
Property Size38,686 SF
Price / SF$252.03
Days on Market79
Property Features for 275 FOREST GATE DR
General Information
- Standard status
- Active
- Size
- 38,686 SF
- Property subtype
- Hospitality
Building Details
- Year Built
- 1995
Listing agency
Connolly Investments
Listed by
Wesley Connolly · License #CA 01962332
Source
Crexi
Added: May 4 Updated: Jul 21 at 4:47PM Checked: Jul 21 at 4:47PM
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 for-sale Hampton Inn hotel features 80 keys, providing an established lodging asset within the Hotels and Hospitality property type category.
The property is located at 275 Forest Gate Dr, Pisgah Forest, NC 28768.
Additional details on the building configuration, condition, and amenities were not provided with the information available.
The property is located at 275 Forest Gate Dr, Pisgah Forest, NC 28768.
Additional details on the building configuration, condition, and amenities were not provided with the information available.
Key Highlights
- Operating Hampton Inn hotel for sale
- 80 keys
- Year built: 1995
Local 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 | $696.3k | $18.00 |
| − Vacancy | −$87.0k | −$2.25 |
| EGI | $609.3k | $15.75 |
| − OpEx | −$319.9k | −$8.27 |
| NOI | $289.4k | $7.48 |
38,686 SF · lease $18.00/SF/yr · vacancy 12.50% · expense 52.50%
Alternative Uses
Best Use
Hotel Hospitality
$4.13M
$3.62M – $4.82M
NOI $289,420 @ 7.0% cap · market cap 2.97%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$11.39M
$9.97M – $13.29M
NOI $797,551 @ 7.0% cap · market cap 8.18%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Continuing Education for Western ...
Vocational School
Hampton Inn Brevard
Hotel & Motel
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FAQs
What type of property is this?
Hotel - Operating Hampton Inn hotel offering 80 keys, listed for sale.
Where is this hotel located?
The property is located at 275 FOREST GATE DR Pisgah Forest, NC.
What is the asking price?
The asking price for this property is $9,750,000.
What are key features of this property?
This property features: Operating Hampton Inn hotel for sale; 80 keys; Year built: 1995
