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Property profile

122 Fairview Dr Emerald Isle, NC 28594

OFF-MARKET
Motels
Property ID
US53-2504290
View Sample
6,603 SF 0.3 ac lot Built 1972
Entity Owned 3-yr Hold Free & Clear

Property profile

Verified
Property type Motels
Use group MOTEL
Year built 1972
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 6,603 SF
Lot 0.3 ac (12,981 SF)
Zoning code R2
APN 5393.05.07.8874000
UPID US53-2504290

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

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$365k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$365k

Owner & transaction history

since 2022
2 recorded transactions
2022
Price N/A
2007
$15,000

Zoning & alternative use

R2 · Emerald Isle, NC
Zoning description

R2 Residential RMF Residential Multi Family MH MobileManufactured Home BUSINESS/GOVERNMENT/CAMP DISTRICTS B Business C Camp G Government MIXED-USE DISTRICTS VE Village-East VW Village-West MV Marina Village OVERLAY DISTR…

General category RESIDENTIAL

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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