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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    3901 Wilmington St Raleigh, NC 27603-3601

    • Hotels
    • 43,647 SF
    • 1.52 lot acres
    OFF-MARKET
    Last Sale
    Sep 13, 2024
    $6,375,000
    Value Estimations
    $6,335,000
    Show details
    Cap Rate Potential
    2.6%
    Hotels
    Location Intelligence
    Property ID
    US53-3826978
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Hampton Inn raleigh capital blvd north / Lodging
    • Days Inn by Wyndham Raleigh South / Inn / Motel

    Property Details for 3901 Wilmington St

    Year built
    1976
    Construction
    BRICK
    Lot size
    1.52 lot acres
    Property size
    43,647 SF
    Zone code
    IX-3
    Property type
    Hotels
    Property subtype
    Motels
    APN
    1701.06-49-4355 0063206
    APU
    1701064943550063206

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $6,375,000
      ML approach
      $6,375,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $6,213,000
      Market price range: $6.21M - $12.6M

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $9,085,000
      Current use

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Raleigh
    County
    Wake
    State
    North Carolina
    Longitude
    -78.6481
    Latitude
    35.726
    CBSA code
    39580
    CBSA name
    RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2024
    $34,205
    $993,165
    $2,945,279
    $3,938,444
    -
    $993,165
    $2,945,279
    $3,938,444

    Comparable in this City

    • Value Estimation
      $1,185,000
      63,580 SF

      1813 Saunders St

      HOTEL/MOTEL • 63,580 SF
      1813 Saunders St, Raleigh, NC 27603-2315
      View Details
    • Value Estimation
      $5,420,000
      29,031 SF

      2539 Saunders St

      HOTEL/MOTEL • 29,031 SF
      2539 Saunders St, Raleigh, NC 27603-2843
      View Details
    • Value Estimation
      $1,350,000
      91,896 SF

      9 Glenwood Ave

      HOTEL/MOTEL • 91,896 SF
      9 Glenwood Ave, Raleigh, NC 27603-1794
      View Details
    • Value Estimation by Request
      68,338 SF

      603 Morgan St

      HOTEL/MOTEL • 68,338 SF
      603 Morgan St, Raleigh, NC 27603-1829
      View Details
    • Value Estimation
      $315,000
      9,978 SF

      2639 Saunders St

      HOTEL/MOTEL • 9,978 SF
      2639 Saunders St, Raleigh, NC 27603-2839
      View Details
    • Value Estimation
      $1,290,000
      78,430 SF

      510 Johnson St

      HOTEL/MOTEL • 78,430 SF
      510 Johnson St, Raleigh, NC 27603-1226
      View Details

    Similar Nearby for Sale

    • $4,797,000
      12.30 Acres

      Raleigh Mixed-Use Development Land

      12.3 Acres, Hwy 401 Frontage, Prime Location
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      View Details
    • New
      $2,400,000
      10.00 Acres

      Raleigh Land: Prime Location

      10-acre parcel suitable for residential, commercial, or special use.
      408 Johnston Rd, Raleigh, NC 27603
      View Details
    • Contact for pricing
      0.37 Acres

      Prime Raleigh Retail Space

      High-traffic location, ideal for salon use.
      3200 Wilmington St, Raleigh, NC 27603
      View Details
    • $85,000
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      Residential Land in Raleigh, NC

      0.57 acre lot with easy commute to Raleigh and Garner.
      721 Grovemont Rd, Raleigh, NC 27603
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    • $2,400,000
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      Raleigh Land Parcel with Potential

      10+/- acre parcel suitable for residential, commercial, or special use.
      408 Johnston Rd, Raleigh, NC 27603
      View Details
    • Contact for pricing
      2.02 Acres

      Raleigh Commercial Land - 2 Acres

      Prime Raleigh commercial land, near major highways.
      0 Fayetteville Rd, Raleigh, NC 27603
      View Details

    Similar Nearby for Lease

    • $22 SF/Yr
      12,000 SF

      South Raleigh Flex Space Available

      Flex space in South Raleigh with showroom and warehouse.
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      View Details
    • $18 SF/Yr
      8,000 SF

      Modern Workspace Near Transportation Routes

      Premier property with modern amenities, flexible floor plans, and ample parking.
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    • $16 SF/Yr
      12,981 SF

      Raleigh Industrial Flex Space Available

      Industrial flex space for lease in prime Raleigh location.
      1406 Smith Reno Rd, Raleigh, NC 27603
      View Details
    • Contact for pricing
      310,297 SF

      North & South Station Retail Space

      Prime Raleigh Retail Center: Spaces Available
      0 Garner Station Blvd, Raleigh, NC 27603
      View Details
    • $43 SF/Yr
      281,750 SF

      Raleigh Executive Office Space

      Class A Office Suites, Downtown Raleigh
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    • $14 SF/Yr
      26,000 SF

      Raleigh Industrial Warehouse with Storage

      10,000 SF warehouse with office space and outside storage.
      144 Rupert Rd, Raleigh, NC 27603
      View Details
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    3901 Wilmington St
    Raleigh, NC 27603-3601
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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