Property profile

160 Park At N Hls St Raleigh, NC 27609

OFF-MARKET
Hotels
Property ID
US53-2411389
112,444 SF 1.15 ac lot Built 2012
Entity Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Hotels
Use group HOTEL/MOTEL
Year built 2012
Construction FRAME
Total area 112,444 SF
Lot 1.15 ac (50,094 SF)
Zoning code PD
APN 1705.07-79-2562 0366504
UPID US53-2411389

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

160 Park At N Hls St Raleigh, NC 27609-5766
Raleigh metro Census 52602 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
$32.41M
Blend (final) Blend
$30.54M

Owner & transaction history

since 2022
Last sale
$28.7M
4 recorded transactions
2022
$28.7M
2015
$22.9M
2007
Price N/A
1969
Price N/A

Zoning & alternative use

PD · Raleigh, NC
Zoning description

The site immediately abuts a district boundary of a Planned Development (PD-) district where the abutting property is vacant or contains a detached house, tiny house, or attached house and any of the following apply: Has…

General category PLANNED_DEVELOPMENT
Top alternative use upside
Retail stores $44.2M +88.8%
Commercial (general) $36.5M +55.9%
Auto repair, garage $33.2M +41.7%

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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