Property profile

1041 Wake Towne Dr Raleigh, NC 27609

OFF-MARKET
Hotels
Property ID
US53-1071881
25,067 SF 4.45 ac lot Built 1986
Entity Owned 11-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Hotels
Use group HOTEL/MOTEL
Year built 1986
Total area 25,067 SF
Lot 4.45 ac (193,842 SF)
Zoning code CX-3
APN 1715.09-15-7164 0147784
UPID US53-1071881

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
  • Restaurant
  • Parking Lot & Garage

Location

1041 Wake Towne Dr Raleigh, NC 27609-7850
Raleigh metro Census 52701 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.00M
Comparable Approach Comparable
$3.57M
Blend (final) Blend
$3.73M

Owner & transaction history

since 2014
3 recorded transactions
2018
Price N/A
2014
$14.5M
1969
Price N/A

Zoning & alternative use

CX-3 · Raleigh, NC
Zoning description

The CX-3 is intended to provide for a variety of residential, retail, service andcommercial uses

General category MIXED_USE

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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