Property profile

1707 Hillsborough St Raleigh, NC 27605

OFF-MARKET
Hotels
Property ID
US53-0903066
127,528 SF 2.68 ac lot Built 1966
Entity Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Hotels
Use group HOTEL/MOTEL
Year built 1966
Construction BRICK
Total area 127,528 SF
Lot 2.68 ac (116,741 SF)
Zoning code OX-12
APN 1704.17-00-7572 0077891
UPID US53-0903066

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

1707 Hillsborough St Raleigh, NC 27605-1640
Raleigh metro Census 51000 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$3.53M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.17M

Owner & transaction history

since 2022
Last sale
$2.8M
5 recorded transactions
2022
$42.0M
2022
Price N/A
2018
Price N/A
2013
Price N/A
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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