Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    160 Park At N Hls St Raleigh, NC 27609-5766

    • Hotels
    • 112,444 SF
    • 1.15 lot acres
    OFF-MARKET
    Last Sale
    Aug 23, 2022
    $28,672,000
    Value Estimations
    $30,540,000
    Show details
    Cap Rate Potential
    2.7%
    Hotels
    Location Intelligence
    Property ID
    US53-2411389
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Hotels

    Property Details for 160 Park At N Hls St

    Year built
    2012
    Construction
    FRAME
    Lot size
    1.15 lot acres
    Property size
    112,444 SF
    Zone code
    PD
    Property type
    Hotels
    Property subtype
    Motels
    APN
    1705.07-79-2562 0366504
    APU
    1705077925620366504

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $32,405,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $32,405,000
      Market price range: $16.0M - $32.4M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $23,400,000
      Current use
      RETAIL STORES
      $44,185,000
      Change: +89% Conversion: Difficult
      COMMERCIAL (GENERAL)
      $36,470,000
      Change: +56% Conversion: Difficult
      AUTO REPAIR, GARAGE
      $33,155,000
      Change: +42% Conversion: Difficult
      MEDICAL BUILDING
      $27,865,000
      Change: +19% Conversion: Difficult

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.6381
    Latitude
    35.8364
    CBSA code
    39580
    CBSA name
    RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $307,992
    $3,007,143
    $25,248,978
    $28,256,121
    -
    $3,007,143
    $25,248,978
    $28,256,121

    Comparable in this City

    • Value Estimation
      $10,495,000
      93,343 SF

      1229 Wake Towne Dr

      HOTEL/MOTEL • 93,343 SF
      1229 Wake Towne Dr, Raleigh, NC 27609-7495
      View Details
    • Value Estimation
      $8,020,000
      59,545 SF

      1001 Wake Towne Dr

      HOTEL/MOTEL • 59,545 SF
      1001 Wake Towne Dr, Raleigh, NC 27609-7850
      View Details
    • Value Estimation
      $1,695,000
      11,322 SF

      3201 Wake Frst Rd

      HOTEL/MOTEL • 11,322 SF
      3201 Wake Frst Rd, Raleigh, NC 27609-7446
      View Details
    • Value Estimation
      $3,725,000
      25,067 SF

      1041 Wake Towne Dr

      HOTEL/MOTEL • 25,067 SF
      1041 Wake Towne Dr, Raleigh, NC 27609-7850
      View Details
    • Value Estimation by Request
      171,732 SF

      3415 Wake Frst Rd

      HOTEL/MOTEL • 171,732 SF
      3415 Wake Frst Rd, Raleigh, NC 27609-7316
      View Details
    • Value Estimation
      $3,840,000
      45,558 SF

      911 Wake Towne Dr

      MOTEL • 45,558 SF
      911 Wake Towne Dr, Raleigh, NC 27609-7864
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      50,501 SF

      Raleigh Industrial Flex Space

      50,001 SF Flex Space - NNN Lease
      1904 New Hope Church Rd, Raleigh, NC 27609
      View Details
    • $65,000
      Pending

      Raleigh Land Zoned Residential R-6

      Landlocked 0.57 acre residential land in Raleigh, NC.
      5817 N Hills Dr, Raleigh, NC 27609
      View Details
    • $285,000
      1,016 SF

      Raleigh Office Condo For Sale

      Professional office condo near Midtown Raleigh, ideal for service businesses.
      4002 Barrett Dr, Raleigh, NC 27609
      View Details
    • Contact for pricing
      1,017 SF

      Stylish Home with Neutral Palette

      Tasteful property featuring stainless steel appliances and double closets.
      5038 Flint Ridge Pl, Raleigh, NC 27609
      View Details
    • $3,932,064
      6 SF

      Medical Building For Sale

      Single-tenant medical building with surgery center build-out.
      3613 Haworth Dr, Raleigh, NC 27609
      View Details
    • Contact for pricing
      12 SF

      Residential Land in North Raleigh

      12.60 acres in desirable North Raleigh, near amenities.
      Old Wake Forest Rd, Raleigh, NC 27609
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      82,463 SF

      Raleigh Retail Center Investment Opportunity

      Prime Raleigh shopping center, 21 spaces available.
      5003 Falls Of Neuse Rd, Raleigh, NC 27609
      View Details
    • Contact for pricing
      133,361 SF

      Mixed-Use Tower with Retail Space

      12-story mixed-use tower with retail and parking.
      1000 Social St, Raleigh, NC 27609
      View Details
    • New
      Contact for pricing

      Cap Trust Tower

      Flexible workspace in San Jose Airport
      4208 Six Forks Rd, Raleigh, NC 27609
      View Details
    • Contact for pricing
      52,143 SF

      Retail Space with Drive-Thru

      Stand-alone retail building with drive-thru and patio seating available.
      4031 Wake Forest Rd, Raleigh, NC 27609
      View Details
    • $93 SF/Yr
      15,357 SF

      North Hills Tower II Office Suites

      Prime Raleigh Office Space: Modern, Convenient, & LEED Gold.
      4242 Six Forks Rd, Raleigh, NC 27609
      View Details
    • $24 SF/Yr
      64,000 SF

      Raleigh Office Space: Campus North

      Prime North Raleigh Office - 2,192 SF Available
      805-811 Spring Forest Rd, Raleigh, NC 27609
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    160 Park At N Hls St
    Raleigh, NC 27609-5766
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.