Property profile

2501 Saunders St Raleigh, NC 27603

OFF-MARKET
Hotels
Property ID
US53-2109464
25,599 SF 1.23 ac lot Built 1986
Entity Owned 5-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Hotels
Use group HOTEL/MOTEL
Year built 1986
Construction BRICK
Total area 25,599 SF
Lot 1.23 ac (53,579 SF)
Zoning code CX-3
APN 1702.06-47-3982 0143503
UPID US53-2109464

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

2501 Saunders St Raleigh, NC 27603-2843
Raleigh metro Census 54502 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$5.22M
CAP Approach CAP
by Request
Comparable Approach Comparable
$4.15M
Blend (final) Blend
$5.24M

Owner & transaction history

since 2021
Last sale
$4.2M
6 recorded transactions
2024
Price N/A
2021
$4.2M
2018
$3.3M
2004
$1.9M
1969
Price N/A
1969
Price N/A

Zoning & alternative use

CX-3 · Raleigh, NC
Zoning description

The CX-3 is intended to provide for a variety of residential, retail, service andcommercial uses

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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