Property profile

1403 Wilmington St Raleigh, NC 27603

OFF-MARKET
Hotels
Property ID
US53-1659028
10,457 SF 0.55 ac lot Built 1955
Entity Owned 7-yr Hold Free & Clear
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Property profile

Verified
Property type Hotels
Use group HOTEL/MOTEL
Year built 1955
Construction CONCRETE BLOCKS
Total area 10,457 SF
Lot 0.55 ac (23,958 SF)
Zoning code IX-3
APN 1703.15-72-0792 0032996
UPID US53-1659028

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

1403 Wilmington St Raleigh, NC 27603-2525
Raleigh metro Census 50900 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$410k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$410k

Owner & transaction history

since 2018
2 recorded transactions
2018
Price N/A
2012
Price N/A

Zoning & alternative use

IX-3 · Raleigh, NC
Zoning description

The IX-3 is intended to provide for a variety of light industrial and manufacturinguses while allowing for retail, service and commercial activity andlimited housing opportunities

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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