Property profile

3908 Arrow Dr Raleigh, NC 27612

OFF-MARKET
Hotels
Property ID
US53-1257976
43,495 SF 1.31 ac lot Built 1989
Entity Owned 10-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Hotels
Use group HOTEL/MOTEL
Year built 1989
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 43,495 SF
Lot 1.31 ac (57,064 SF)
Zoning code OP-7
APN 0795.07-68-6963 0043213
UPID US53-1257976

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
  • Electric Vehicle Charging Station
  • Parking Lot & Garage

Location

3908 Arrow Dr Raleigh, NC 27612-4657
Raleigh metro Census 51501 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$5.21M
Comparable Approach Comparable
$3.30M
Blend (final) Blend
$4.91M

Owner & transaction history

since 2016
3 recorded transactions
2016
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

OP-7 · Raleigh, NC
Zoning description

The OP-7 is intended to preserve and provide land for office and employmentuses, also serve as a land use transition between other mixed use districts and residential neighborhoods

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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