Property profile

3804 New Bern Ave Raleigh, NC 27610

OFF-MARKET
Hotels
Property ID
US53-1396033
45,591 SF 2.4 ac lot Built 1986
Entity Owned 11-yr Hold Free & Clear
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Property profile

Verified
Property type Hotels
Use group HOTEL/MOTEL
Year built 1986
Construction BRICK
Total area 45,591 SF
Lot 2.4 ac (104,544 SF)
Zoning code CX-3
APN 1724.11-55-8285 0067598
UPID US53-1396033

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 Bed & Breakfast
  • Hotel & Motel
  • Medical Laboratory

Location

3804 New Bern Ave Raleigh, NC 27610-1335
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
$4.38M
Comparable Approach Comparable
by Request
Blend (final) Blend
$955k

Owner & transaction history

since 2015
6 recorded transactions
2025
Price N/A
2020
Price N/A
2015
$2.0M
2006
$2.5M
2004
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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