Property profile

1542 Mechanical Blvd Garner, NC 27529

OFF-MARKET
Hotels
Property ID
US53-1874735
53,696 SF 2.37 ac lot Built 1999
Entity Owned 10-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Hotels
Use group HOTEL/MOTEL
Year built 1999
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 53,696 SF
Lot 2.37 ac (103,237 SF)
Zoning code CMX
APN 1701.07-59-6360 0117148
UPID US53-1874735

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

1542 Mechanical Blvd Garner, NC 27529-2595
Garner metro Census 54502 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$4.44M

Owner & transaction history

since 2015
2 recorded transactions
2015
Price N/A
1969
Price N/A

Zoning & alternative use

CMX · Garner, NC
Zoning description

This district is designed to accommodate general commercial, retail, and service activities that serve the whole community. Offices and very light industrial uses may also be appropriate depending on the context. This di…

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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