Property profile

1721 Broadcast St Gastonia, NC 28052

OFF-MARKET
Hotels
Property ID
US53-0218074
15,744 SF 4.1 ac lot Built 1988
Entity Owned 9-yr Hold ~ Est. High Equity
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Property summary

AI-generated overview

This 104-key Econo Lodge in Gastonia, NC, presents a compelling investment opportunity. Located on a 4.11-acre lot (APN 100111) in a high-traffic corridor at I-85 and US 321, this two-building, single-story hotel boasts a 65% occupancy rate. Built in 1988 and renovated in 2022, the property offers significant value-add potential through re-flagging or operational enhancements. Its proximity to Charlotte Douglas International Airport (17.4 miles) and Charlotte Uptown (24 miles) ensures strong tourism and business travel appeal. The property benefits from minimal operating expenses and consistent cash flow, generating a strong net operating income (NOI). Surrounding retail amenities include Quiktrip, Zaxby's, Wendy's, Hardee's, Taco Bell, and FedEx. The property is zoned commercial and is offered fee-simple, unencumbered by debt or management contracts. Gastonia's low property taxes and North Carolina's favorable business environment further enhance the investment's attractiveness. This owner-user investment is ideal for those seeking a manageable, profitable hospitality asset in a thriving market. The asking price is $6,160,223.

Property profile

Verified
Property type Hotels
Use group HOTEL/MOTEL
Year built 1988
Total area 15,744 SF
Lot 4.1 ac (178,596 SF)
Zoning code MOTL1
APN 100111
UPID US53-0218074

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
  • Hotel & Motel
  • Electric Vehicle Charging Station
  • Hotel & Motel

Location

1721 Broadcast St Gastonia, NC 28052-1821
Gastonia metro Census 31500 CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.30M
Comparable Approach Comparable
$1.47M
Blend (final) Blend
$1.38M

Owner & transaction history

since 2016
7 recorded transactions
2021
Price N/A
2018
Price N/A
2016
$1.2M
2010
$1.1M
2009
$1.2M
1969
Price N/A
1969
Price N/A

Zoning & alternative use

MOTL1 · Gastonia, NC
Top alternative use upside
Commercial (general) $1.7M +110.7%
Auto repair, garage $1.3M +61.9%
Restaurant $840,000 +2.4%

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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