Property profile

256 Main St Spring Lake, NC 28390

OFF-MARKET
Hotels
Property ID
US53-5464179
7,443 SF 0.81 ac lot Built 1988
Entity Owned 8-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Hotels
Use group HOTEL
Year built 1988
Total area 7,443 SF
Lot 0.81 ac (35,284 SF)
Zoning code C3
APN 0501-74-9188
UPID US53-5464179

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

Location

256 Main St Spring Lake, NC 28390-3903
Spring Lake metro Census 3501 FAYETTEVILLE, NC METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$505k
CAP Approach CAP
$720k
Comparable Approach Comparable
by Request
Blend (final) Blend
$695k

Owner & transaction history

since 2018
4 recorded transactions
2018
$1.7M
2007
$1.5M
2007
$1.2M
1969
Price N/A

Zoning & alternative use

C3 · Spring Lake, NC
Zoning description

C-3-Heavy Commercial District. This conventional zoning district is designed primarily for a wide variety of retail and wholesale bu siness, commercial and contract services, commercial recreation and amusement, public a…

General category COMMERCIAL

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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