312 J J Dr Greensboro, NC 27406-4414
- Hotels
- 17,576 SF
- 3.21 lot acres
Current Use by Public Records
- Cavalier Inn / Motel
Property Details for 312 J J Dr
- Year built
- 1972
- Lot size
- 3.21 lot acres
- Property size
- 17,576 SF
- Zone code
- LI
- Property type
- Hotels
- Property subtype
- Motels
- APN
- 93094
- APU
- 93094
Description
This Greensboro, NC hotel presents a compelling investment opportunity. The Cavalier Inn, located at 312 W J J Dr, offers 100 keys within a 17,576 square foot building situated on a 3.01-acre lot. Built in 1972, the property is zoned LI (Industrial) and features ample parking with 109 spaces, exceeding a 1:1 ratio. The asking price is $3,799,000, translating to $37,990 per key. The property benefits from a strong demographic profile within a 5-mile radius, boasting a projected 2024 population of 155,832 and an average household income of $75,659. This single-story building presents significant potential for growth and redevelopment within the Greensboro market. The property's size and location in Guilford County, NC, zip code 27406, offer considerable advantages for investors seeking a foothold in the hospitality sector. The substantial lot size provides room for expansion or future development. This is a rare opportunity to acquire a well-positioned hotel in a thriving area. The property's strong fundamentals and attractive price point make it an ideal investment for experienced hospitality operators or those seeking a high-return asset.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $3,450,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,730,000
- 6.5%
- $3,020,000
- 7%
- $2,505,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $2,325,000
- Geo Method
- $2,935,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,560,000
- Retail
- $3,360,000
- Mixed-Use
- $3,350,000
- Hospitality
- $3,305,000
- Educational
- $2,770,000
- Residential Income
- $2,950,000
- Energy
- $3,180,000
- Income-Based Land
- $2,940,000
- Food Service
- $2,545,000
Location Insight
- Map
- Local Demand
- City
- Greensboro
- County
- Guilford
- State
- North Carolina
- Longitude
- -79.7977
- Latitude
- 36.0333
- CBSA code
- 24660
- CBSA name
- GREENSBORO-HIGH POINT, NC METROPOLITAN STATISTICAL AREA
