Property profile

1505 Franklin St Chapel Hill, NC 27514

OFF-MARKET
Hotels
Property ID
US53-2294587
24,113 SF 2.44 ac lot Built 1987
Entity Owned 17-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Hotels
Use group HOTEL/MOTEL
Year built 1987
Total area 24,113 SF
Lot 2.44 ac (106,286 SF)
Zoning code CC/R-1
APN 9789-93-7400
UPID US53-2294587

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
  • Parking Lot & Garage
  • Medical Clinic
  • Medical Clinic
  • Hotel & Motel
  • Hotel & Motel

Location

1505 Franklin St Chapel Hill, NC 27514-2887
Chapel Hill metro Census 11902 DURHAM-CHAPEL HILL, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$1.26M
CAP Approach CAP
$1.86M
Comparable Approach Comparable
by Request
Blend (final) Blend
$1.56M

Owner & transaction history

since 2009
5 recorded transactions
2019
Price N/A
2016
Price N/A
2009
Price N/A
2009
$6.3M
1969
Price N/A

Zoning & alternative use

CC/R-1 · Chapel Hill, NC

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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