Property profile

101 Erwin Rd Chapel Hill, NC 27514

OFF-MARKET
Hotels
Property ID
US53-2383907
7,898 SF 11.22 ac lot Built 2006
Entity Owned 19-yr Hold Absentee Owner Free & Clear
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Property profile

Verified
Property type Hotels
Use group HOTEL/MOTEL
Year built 2006
Total area 7,898 SF
Lot 11.22 ac (488,743 SF)
Zoning code R2
APN 9799-48-0252
UPID US53-2383907

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

101 Erwin Rd Chapel Hill, NC 27514-6925
Chapel Hill metro Census 11902 DURHAM-CHAPEL HILL, NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.16M
CAP Approach CAP
$610k
Comparable Approach Comparable
by Request
Blend (final) Blend
$880k

Owner & transaction history

since 2006
5 recorded transactions
2006
Price N/A
2006
$1.7M
2005
Price N/A
2004
$1.5M
2003
$1.1M

Zoning & alternative use

R2 · Chapel Hill, NC

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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