Property profile

320 Hillsborough St B Raleigh, NC 27603

OFF-MARKET
Hotels
Property ID
US53-5356995
132,221 SF 0.8 ac lot Built 1969
Entity Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Hotels
Use group HOTEL
Year built 1969
Total area 132,221 SF
Lot 0.8 ac (34,848 SF)
Zoning code DX-20
APN 1703.25-59-5367 0015829
UPID US53-5356995

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
  • Parking Lot & Garage

Location

320 Hillsborough St, Unit B Raleigh, NC 27603-1726
Raleigh metro Census 50100 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$12.18M
CAP Approach CAP
by Request
Comparable Approach Comparable
$18.82M
Blend (final) Blend
$17.13M

Owner & transaction history

since 2021
Last sale
$19.8M
7 recorded transactions
2021
$19.8M
2017
Price N/A
2012
$9.4M
2009
Price N/A
2008
$1.7M
2004
Price N/A
1969
Price N/A

Zoning & alternative use

DX-20 · Raleigh, NC
Zoning description

The DX-20 is intended to provide for intense mixed use development of the Citysdowntown area

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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