Property profile

2600 College Ave Forest City, NC 28043

OFF-MARKET
Motels
Property ID
US53-2715464
9,180 SF 3.43 ac lot Built 1987
Entity Owned 6-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Motels
Use group MOTEL
Year built 1987
Total area 9,180 SF
Lot 3.43 ac (149,411 SF)
Zoning code C3
APN 1636653
UPID US53-2715464

Cap rate & NOI

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

Location

2600 College Ave Forest City, NC 28043-6120
Forest City metro Census 960900 FOREST CITY, NC MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$755k
Comparable Approach Comparable
by Request
Blend (final) Blend
$345k

Owner & transaction history

since 2019
5 recorded transactions
2019
$2.2M
2017
Price N/A
2016
$1.1M
2011
$600,000
2009
Price N/A

Zoning & alternative use

C3 · Forest City, NC
Top alternative use upside
Auto repair, garage $1.0M +15.7%

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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