Property profile

1229 Wake Towne Dr Raleigh, NC 27609

OFF-MARKET
Hotels
Property ID
US53-4063446
93,343 SF 2.88 ac lot Built 2019
Entity Owned 5-yr Hold Free & Clear
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Property profile

Verified
Property type Hotels
Use group HOTEL/MOTEL
Year built 2019
Construction BRICK
Total area 93,343 SF
Lot 2.88 ac (125,453 SF)
Zoning code CX-3
APN 1715.14-34-0435 0455500
UPID US53-4063446

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
  • Electric Vehicle Charging Station
  • Tour Operator
  • Hotel & Motel

Location

1229 Wake Towne Dr Raleigh, NC 27609-7495
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
$11.17M
Comparable Approach Comparable
$7.04M
Blend (final) Blend
$10.50M

Owner & transaction history

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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