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Property profile & analytics
OFF-MARKET Estimated value $730,000
Hotels

2848 Bragg Blvd Fayetteville, NC 28303-4174

9,600 SF 1.47 ac lot Built 1960
Entity Owned 19-yr Hold ~ Est. High Equity
Property ID
US53-5731460
Property summary
AI-generated overview

This 63-key motel in Fayetteville, North Carolina presents a compelling investment opportunity. The property, situated at 2848 Bragg Blvd, boasts 27,728 square feet across three, two-story buildings, built in 1963 and renovated in 2022. It includes 63 parking spaces. Currently operating with staff only, the motel offers significant upside potential for an owner-operator. The absence of a third-shift desk represents a clear opportunity to increase revenue. An owner-operator could enhance profitability by overseeing daily operations and implementing improvements. The asking price is $2,550,000. This is an excellent opportunity for an owner-operator or investor seeking a hands-on approach or someone with management in place. The property is currently operating under the Knights Inn brand, but there's potential to switch to another brand. Please schedule an appointment before visiting to avoid disturbing staff and motel operations.

Property profile
Verified
Property type Hotels
Use group HOTEL
Year built 1960
Total area 9,600 SF
Lot 1.47 ac (64,033 SF)
Zoning code CC
APN 0428-12-7007
UPID US53-5731460
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Knights Inn Fayetteville Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
$495k
CAP Approach CAP
$715k
Comparable Approach Comparable
by Request
Blend (final) Blend
$730k
Owner & transaction history
Sai Krupa Hotels INC · 19 yrs held
Sai Krupa Hotels INC
since 2007
3 recorded transactions
2007
$2.2M
2006
Price N/A
2004
$1.9M
Zoning & alternative use
CC · Fayetteville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description

ase Zoning Districts 30-3.E.1. General Purposes 30-3.E.2. Office and Institutional (OI) District 30-3.E.3. Neighborhood Commercial (NC) District 30-3.E.4. Limited Commercial (LC) District 30-3.E.5. Community Commercial (CC) District 30-3.E.6. Mixed-Use (MU) District 30-3.E.7.A. Business Park (BP) District 30-3.E.8. Light Industrial (LI) District 30-3.E.9. He…

Zone name Community Commercial
General category COMMERCIAL
Zone area 3,860.11 ac
Source Document Viewer | Municipal Code
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