Building Details

Year Built 1995

Year Renovated 2020

Buildings 1

Stories 3

Units 80

Listing Agency: Connolly Investments

Listed By: Wesley Connolly · License #358390

Source: Crexi

Added: May 4 Changed: Oct 7 Last Checked: Oct 20 at 9:18PM

Report an Issue

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

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

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.

Key Highlights

• Operating Hampton Inn hotel for sale
• 80 keys
• Year built: 1995

Financial Insights

Estimated NOI and Cap Rate

NOI / Yr

$289,420

Cap Rate

2.97%

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,788,400 $5.8M

Cap Rate 7%

$4,134,571 $4.1M

Cap Rate 9%

$3,215,778 $3.2M

Is this asking price fair?

Market Conditions

NOI Build-Up for 38,686 SF

Gross rent

$696.3K $18.00/SF

− Vacancy

−$87.0K −$2.25/SF

EGI

$609.3K $15.75/SF

− OpEx

−$319.9K −$8.27/SF

NOI

$289.4K $7.48/SF

Area

Transylvania County, NC

Vacancy

12.50%

Lease Rate

$18.00 /SF/Yr

Expense Ratio

52.50%

Simulate Cap Rate and NOI

Suggested Prices Based on Cap Rates

Cap Rate 5%

$5,788,400

Cap Rate 7%

$4,134,571

Cap Rate 9%

$3,215,778

Alternative Uses

Best Use

Hotel Hospitality

$4.13M

$3.62M – $4.82M (±1% cap)

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 (±1% cap)

NOI $797,551 @ 7.0% cap · market cap 8.18%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Current Use

Continuing Education for Western ... Vocational School Hampton Inn Brevard Hotel & Motel

Suggested Use

Top Pick Real Estate Agency Auto Parts Store Electrical Service Garden Center (Bike/Boat/Book/etc) Store Bakery

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

239

Businesses Nearby

Explore this area Business Placement

Demographics for 28768, NC

6,820

Population

3,542

Households

1.9

Avg Household Size

50

Median Age

40%

College-Educated

96%

High-School Grad

83.1 sq mi

ZIP Area

82

Density / Sq Mi

$72,567

Median Household Income

$35,442

Median Earnings

$819

Median Rent

$299,500

Median Home Value

Frequently Asked Questions

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