Property profile

616 Salisbury St Raleigh, NC 27601

OFF-MARKET
Hotels
Property ID
US53-3932217
143,254 SF 0.52 ac lot Built 2016
Entity Owned 10-yr Hold Free & Clear
Saved · see the list in your Dashboard

Property profile

Verified
Property type Hotels
Use group HOTEL
Year built 2016
Construction BRICK
Total area 143,254 SF
Lot 0.52 ac (22,651 SF)
Zoning code DX-20
APN 1703.42-66-5351 0001752
UPID US53-3932217

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
  • Bar & Pub

Location

616 Salisbury St Raleigh, NC 27601-2116
Raleigh metro Census 50900 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$17.14M
Comparable Approach Comparable
$15.72M
Blend (final) Blend
$18.90M

Owner & transaction history

since 2015
3 recorded transactions
2015
Price N/A
2015
Price N/A
2015
Price N/A

Zoning & alternative use

DX-20 · Raleigh, NC
Zoning description

The DX-20 is intended to provide for intense mixed use development of the Citysdowntown area

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
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 616 Salisbury St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message