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    Property profile & analytics

    1020 Buck Jones Rd Raleigh, NC 27606-3323

    • Hotels
    • 41,586 SF
    • 2.13 lot acres
    OFF-MARKET
    Last Sale
    May 25, 2021
    $3,781,500
    Value Estimations
    $4,385,000
    Show details
    Cap Rate Potential
    6.9%
    Hotels
    Location Intelligence
    Property ID
    US53-5747897
    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

    • MainStay Suites Raleigh - Cary / Hotel & Motel / Vacation Rental

    Property Details for 1020 Buck Jones Rd

    Year built
    1997
    Construction
    FRAME
    Lot size
    2.13 lot acres
    Property size
    41,586 SF
    Zone code
    GC
    Property type
    Hotels
    Property subtype
    Motels
    APN
    0773.11-65-7527 0229568
    APU
    773116575270229568

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $4,685,000
      ML approach
      $4,705,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $5,390,000
      6.5%
      $4,975,000
      7%
      $4,620,000

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.7413
    Latitude
    35.7707
    CBSA code
    39580
    CBSA name
    RALEIGH-CARY, NC METROPOLITAN 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
    2023
    $51,257
    $1,447,415
    $3,668,018
    $5,115,433
    -
    $1,447,415
    $3,668,018
    $5,115,433

    Comparable in this City

    • Value Estimation
      $7,620,000
      68,802 SF

      3741 Thistledown Dr

      HOTEL/MOTEL • 68,802 SF
      3741 Thistledown Dr, Raleigh, NC 27606-4676
      View Details
    • Value Estimation
      $15,325,000
      116,391 SF

      2451 Alumni Dr, Unit LH

      HOTEL/MOTEL • 116,391 SF
      2451 Alumni Dr, Raleigh, NC 27606-3797
      View Details
    • Value Estimation
      $6,230,000
      53,846 SF

      3771 Thistledown Dr

      HOTEL/MOTEL • 53,846 SF
      3771 Thistledown Dr, Raleigh, NC 27606-4676
      View Details
    • Value Estimation
      $7,050,000
      58,069 SF

      1401 Buck Jones Rd

      HOTEL/MOTEL • 58,069 SF
      1401 Buck Jones Rd, Raleigh, NC 27606-3330
      View Details
    • Value Estimation by Request
      51,982 SF

      801 Buck Jones Rd

      Schools • 51,982 SF
      801 Buck Jones Rd, Raleigh, NC 27606
      View Details
    • Value Estimation
      $610,000
      2,760 SF

      301 Ashe Ave

      OFFICE BUILDING • 2,760 SF
      301 Ashe Ave, Raleigh, NC 27606-2102
      View Details

    Similar Nearby for Sale

    • Contact for pricing

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      Land for sale in Raleigh, utilities at street, no HOA.
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    • Contact for pricing
      51,982 SF

      Raleigh School Property: 51,982 SF

      Exceptional school building, ideal for educational use.
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    • $700,000
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      Raleigh Land Parcel For Sale

      8.79 acre parcel, 10 minutes from Cary Town Center.
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      Prime Cary Development Opportunity

      17.89 acres for mixed-use and residential development in Cary.
      6115 Holly Springs Rd, Raleigh, NC 27606
      View Details
    • New
      $5,750,000
      5.85 Acres

      Large Parcel in Downtown Raleigh

      Almost 6 acres of land inside the I-40 beltline.
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      Raleigh Development Opportunity: Kent Rd. Duo

      Prime Raleigh location, daycare, development potential.
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    Similar Nearby for Lease

    • $23 SF/Yr
      95,088 SF

      Updated Office Building in Raleigh

      Four-story office building with move-in ready suites for lease.
      5540 Centerview Dr, Raleigh, NC 27606
      View Details
    • Contact for pricing
      117,440 SF

      Raleigh Retail Space - 117,440 SF

      Prime Raleigh storefront, ample parking, opportunity zone.
      4500 Western Blvd, Raleigh, NC 27606
      View Details
    • $35 SF/Yr
      7,130 SF

      Retail Building Near NC State

      7,130 SF retail building near NC State's South Campus.
      3801 Western Blvd, Raleigh, NC 27606
      View Details
    • $20 SF/Yr
      44,757 SF

      Waters Edge Office Park Suites

      Executive office space in West Raleigh.
      4917 Waters Edge Dr, Raleigh, NC 27606
      View Details
    • $23 SF/Yr
      95,088 SF

      West Raleigh Executive Office Suites

      Class A Office Space, Multiple Suites Available
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      View Details
    • $20 SF/Yr
      1,083 SF

      Waters Edge Office Suite Available

      Raleigh Office Space, 1,083 sq ft.
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      View Details

    Property Visit Statistics

    • Visits by month
      2.6k
    • Visitors by month
      1.1k
    • Avg Time on site
      466 min
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    1020 Buck Jones Rd
    Raleigh, NC 27606-3323
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    Realmo Value Estimations

    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.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    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.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    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
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