Property profile

1520 Blue Rdg Rd Raleigh, NC 27607

OFF-MARKET
Hotels
Property ID
US53-3829937
11,823 SF 3.71 ac lot Built 1986
Entity Owned 7-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Hotels
Use group HOTEL/MOTEL
Year built 1986
Construction BRICK
Total area 11,823 SF
Lot 3.71 ac (161,608 SF)
Zoning code OX-12
APN 0784.11-76-2781 0046782
UPID US53-3829937

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
  • University
  • Association Or Organization
  • Hotel & Motel

Location

1520 Blue Rdg Rd Raleigh, NC 27607-3906
Raleigh metro Census 52401 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.42M
Comparable Approach Comparable
$1.68M
Blend (final) Blend
$1.72M

Owner & transaction history

since 2019
3 recorded transactions
2019
Price N/A
2013
$4.5M
1969
Price N/A

Zoning & alternative use

OX-12 · Raleigh, NC
Zoning description

The OX-12 is intended to provide for a variety of office and employment uses whileallowing for housing and limited retail and service related options

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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