Property profile

1002 2nd Ave Siler City, NC 27344

OFF-MARKET
Motels
Property ID
US53-5659961
7,830 SF 1.54 ac lot Built 1962
Entity Owned 5-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Motels
Use group MOTEL
Year built 1962
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 7,830 SF
Lot 1.54 ac (67,082 SF)
Zoning code H-C
APN 15438
UPID US53-5659961

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

1002 2nd Ave Siler City, NC 27344-1800
Siler City metro Census 20402 DURHAM-CHAPEL HILL, NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$650k
CAP Approach CAP
$605k
Comparable Approach Comparable
by Request
Blend (final) Blend
$695k

Owner & transaction history

since 2020
Last sale
$575,000
2 recorded transactions
2020
$575,000
2004
$410,000

Zoning & alternative use

H-C · Siler City, NC
Zoning description

The H-C (highway commercial) district is designed to accommodate the widest range of commercial activities including businesses that primarily draw from and provide services to major thoroughfares.

General category COMMERCIAL

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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