Property profile

3201 Wake Frst Rd Raleigh, NC 27609

OFF-MARKET
Hotels
Property ID
US53-5827681
11,322 SF 3.56 ac lot Built 1984
Entity Owned 21-yr Hold Free & Clear
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Property profile

Verified
Property type Hotels
Use group HOTEL/MOTEL
Year built 1984
Construction CONCRETE BLOCKS
Total area 11,322 SF
Lot 3.56 ac (155,074 SF)
Zoning code CX-3
APN 1715.09-16-9045 0126420
UPID US53-5827681

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

Location

3201 Wake Frst Rd Raleigh, NC 27609-7446
Raleigh metro Census 52701 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$1.36M
Comparable Approach Comparable
$1.61M
Blend (final) Blend
$1.70M

Owner & transaction history

since 2004
5 recorded transactions
2017
Price N/A
2004
$1.8M
2004
$2.5M
1969
Price N/A
1969
Price N/A

Zoning & alternative use

CX-3 · Raleigh, NC
Zoning description

The CX-3 is intended to provide for a variety of residential, retail, service andcommercial uses

General category MIXED_USE
Top alternative use upside
Medical building $2.8M +19.1%

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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