Property profile

3618 New Bern Ave Raleigh, NC 27610

OFF-MARKET
Hotels
Property ID
US53-2118083
49,390 SF 2.21 ac lot Built 2002
Entity Owned 3-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Hotels
Use group HOTEL/MOTEL
Year built 2002
Construction CONCRETE BLOCKS
Total area 49,390 SF
Lot 2.21 ac (96,268 SF)
Zoning code CX-3
APN 1724.14-44-9959 0019733
UPID US53-2118083

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
  • Hotel & Motel
  • Association Or Organization

Location

3618 New Bern Ave Raleigh, NC 27610-1233
Raleigh metro Census 54106 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$4.74M
Comparable Approach Comparable
$2.32M
Blend (final) Blend
$3.81M

Owner & transaction history

since 2023
5 recorded transactions
2023
Price N/A
2019
Price N/A
1969
Price N/A
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

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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