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    839 Medical Center Dr Wilmington, NC 28401

    Sponsored
    For Sale
    $16,000,000

    109-Room Holiday Inn Express, High ROI

    Property size:
    59,940 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 109-key Holiday Inn Express & Suites hotel presents a compelling investment opportunity in Wilmington, NC. Built in 2019, this four-story, 59,940-square-foot property sits on a 2-acre lot (APN: R06018-003-059-000) and boasts an interior-corridor design. Its prime location near Wellington Avenue, Shipyard Boulevard, and Carolina Beach Road ensures easy access for commuters and guests alike, with high visibility and an average annual daily traffic count of approximately 35,700 vehicles. The hotel's proximity to beaches, cultural attractions, and recreational activities attracts a diverse clientele, including leisure travelers and families, while its location near medical facilities provides consistent demand, even during economic downturns. The strong Holiday Inn Express brand recognition further enhances its appeal and drives customer loyalty. This property is currently outperforming its competitive set in occupancy, ADR, and RevPAR (August 2024 STR Report). The asking price is $16,000,000, offering investors a chance to acquire a high-performing asset in a thriving market. The property is zoned O&I. This is a rare opportunity to acquire a well-established, high-performing hotel in a desirable location with significant upside potential.

    Property Features for 839 Medical Center Dr

    General Information

    Property type
    Motels
    Square Feet
    59,940 SF
    Lot Size
    87,120 SF

    Building Details

    Year Built
    2019
    Stories
    4

    HighLights

    • 2019‑built, 109‑key Holiday Inn Express & Suites with interior corridors.
    • Highly desirable Holiday Inn Express & Suites flag.
    • Outperforms competitive set in occupancy, ADR, and RevPAR (August 2024 STR Report).
    • Prime location near beaches, attractions, and recreational activities.
    • Proximity to medical facilities ensures consistent demand.
    • Strong brand, desirable location, and diverse clientele create a compelling investment.
    Property Profile Location Intelligence

    Current Use by Public Records

    Holiday Inn Express ... Hotel

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Wilmington
    County
    New Hanover
    State
    North Carolina
    Longitude
    -77.9327157
    Latitude
    34.1976758

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    FAQs

    What type of property is this?
    Motel - 109-Room Holiday Inn Express, High ROI
    Where is this motel located?
    The property is located at 839 Medical Center Dr Wilmington, NC.
    What is the asking price?
    The asking price for this property is $16,000,000.
    What are key features of this property?
    This property features: 2019-built, 109-key Holiday Inn Express & Suites with interior corridors.; Highly desirable Holiday Inn Express & Suites flag.; Outperforms competitive set in occupancy, ADR, and RevPAR (August 2024 STR Report).
    Request Owner's contact information
    839 Medical Center Dr Wilmington, NC 28401
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    839 Medical Center Dr Wilmington, NC 28401
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