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Property profile & analytics

1003 Croatan Hwy Kill Devil Hills, NC 27948-8706

  • Hotels
  • 18,798 SF
  • 0.84 lot acres
OFF-MARKET
Value Estimation
$2,650,000
Last Sale
Apr 14, 2025
$2,800,000
Location Intelligence
Property ID
US53-3330482
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

Current Use by Public Records

  • Outer Banks Inn / Hotel
  • Surfside Inn / Inn

Property Details for 1003 Croatan Hwy

Year built
1985
Lot size
0.84 lot acres
Property size
18,798 SF
Property type
Hotels
Property subtype
Motels
APN
4322000
APU
4322000

Description

This exceptional investment opportunity presents the fee-simple interest in the Outer Banks Inn, a 40-key hotel ideally situated in Kill Devil Hills, North Carolina. Boasting 18,798 square feet on a 0.84-acre lot (36,500 sq ft), this three-story property offers significant value-add potential. Built in 1985 and extensively renovated in 2021, the Inn presents a turnkey operation with a strong historical performance. The property's financial projections indicate a pro-forma cap rate of 10.80% and a pro-forma NOI of $345,521, translating to a price per key of $79,975 and a price per square foot of $170.18. Located at 1003 S Croatan Hwy, Kill Devil Hills, NC 27948 (APN: 04322000), the Outer Banks Inn benefits from its prime location within a thriving coastal community in Dare County. This established hotel presents a compelling investment opportunity for discerning buyers seeking a strong return on investment in a desirable coastal market. The asking price for this exceptional property is $3,199,000. Serious inquiries only.

Value Estimation

by Realmo proprietary methodology Last update: July 3, 2025
  • AI approach

    CAP return
    Estimation
    Estimation
    $2,655,000
  • CAP approach

    CAP return
    Estimation
    6%
    $2,465,000
    6.5%
    $2,695,000
    7%
    $2,825,000
  • Comparable approach

    Method
    Estimation
    Relative Method
    $2,500,000
    Geo Method
    $2,425,000
  • Alternative Use

    Use
    Estimation
    Distribution
    $2,775,000
    Retail
    $2,805,000
    Mixed-Use
    $3,175,000
    Hospitality
    $2,605,000
    Educational
    $2,280,000
    Residential Income
    $2,875,000
    Energy
    $2,470,000
    Income-Based Land
    $2,980,000
    Food Service
    $3,135,000

Location Insight

  • Map
  • Local Demand
City
Kill Devil Hills
County
Dare
State
North Carolina
Longitude
-75.6559
Latitude
36.0066
CBSA code
28620
CBSA name
KILL DEVIL HILLS, NC MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2024
$13,035
$406,800
$1,318,500
$1,725,300
-
$406,800
$1,318,500
$1,725,300
More about this property
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