Property profile

421 Salisbury St Raleigh, NC 27601

OFF-MARKET
Hotels
Property ID
US53-1775390
249,480 SF 0.64 ac lot Built 1981
Entity Owned Free & Clear
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Property profile

Verified
Property type Hotels
Use group HOTEL
Year built 1981
Construction BRICK
Total area 249,480 SF
Lot 0.64 ac (27,878 SF)
Zoning code DX-40
APN 1703.42-67-8106 0001233
UPID US53-1775390

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
  • Car Rental Facility
  • Car Rental Facility

Location

421 Salisbury St Raleigh, NC 27601-1730
Raleigh metro Census 50100 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$29.84M
Comparable Approach Comparable
$20.57M
Blend (final) Blend
$29.44M

Owner & transaction history

since 2026
7 recorded transactions
2026
$27.8M
2021
Price N/A
2015
$47.9M
2012
$20.2M
2010
Price N/A
2006
$22.0M
2003
$21.4M

Zoning & alternative use

DX-40 · Raleigh, 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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