Property profile

361 Charlotte Dr Lake Lure, NC 28746

OFF-MARKET
Motels
Property ID
US53-3917037
9,858 SF 2.37 ac lot Built 1960
Entity Owned 4-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Motels
Use group MOTEL
Year built 1960
Total area 9,858 SF
Lot 2.37 ac (103,237 SF)
Zoning code L1
APN 1650706
UPID US53-3917037

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
  • Restaurant

Location

361 Charlotte Dr Lake Lure, NC 28746-9833
Lake Lure metro Census 960302 FOREST CITY, NC MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$3.16M
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$3.52M

Owner & transaction history

since 2022
Last sale
$3.4M
3 recorded transactions
2022
$3.4M
2015
Price N/A
2015
$2.4M

Zoning & alternative use

L1 · Lake Lure, NC

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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