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Property profile & analytics
OFF-MARKET Estimated value $3,005,000
Motels

1406 Heartland Dr Kernersville, NC 27284-3560

35,892 SF 2.2 ac lot Built 1995
Entity Owned 9-yr Hold ~ Est. High Equity
Property ID
US53-1586302
Property summary
AI-generated overview

This fee-simple owned, 104-key Sleep Inn hotel presents a compelling investment opportunity. Located at 1406 Heartland Drive, Kernersville, NC 27284, this established property boasts a prime location and significant potential for return. Built in 1995, the hotel sits on a 2.2-acre lot in Forsyth County, offering ample space and potential for future development or expansion. The property's 104 keys cater to a substantial market demand, ensuring consistent occupancy rates. The asking price for this turnkey operation is $7,995,000. This represents a rare chance to acquire a well-established hotel in a thriving North Carolina market. The property's strategic location near I-40 provides excellent accessibility for both business and leisure travelers. With its proven track record and strong market position, this Sleep Inn hotel offers a stable and potentially lucrative investment for discerning buyers. Detailed financial information is available upon request. This is a fee simple ownership, providing complete control and ownership of the property.

Property profile
Verified
Property type Motels
Use group MOTEL
Year built 1995
Construction WOOD
Total area 35,892 SF
Lot 2.2 ac (95,832 SF)
Zoning code HB-S
APN 6885-62-2298.00
UPID US53-1586302
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Sleep Inn Kernersville I-40 Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$3.17M
Comparable Approach Comparable
$2.84M
Blend (final) Blend
$3.01M
Owner & transaction history
Alina Hospitality LLC · 9 yrs held
Alina Hospitality LLC
since 2017
1 recorded transaction
2017
$3.8M
Zoning & alternative use
HB-S · Kernersville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

The HB-S District is primarily intended to accommodate retail service and distributive uses. The district is established to provide locations for establishments which require high visibility and good road access, or which cater primarily to passing motorists. However, the district is not intended to encourage or accommodate strip commercial development. Deve…

Zone name Highway Business Special Use
General category COMMERCIAL
Zone area 373.38 ac
Source Realmo
Top alternative use upside
Retail stores $4.8M +81.4%
Medical building $4.4M +67.1%
Auto repair, garage $3.9M +46.7%
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