Property profile

6209 Glenwood Ave Raleigh, NC 27612

OFF-MARKET
Hotels
Property ID
US53-0533446
67,566 SF 1.87 ac lot Built 1985
Entity Owned 16-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Hotels
Use group HOTEL/MOTEL
Year built 1985
Construction MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area 67,566 SF
Lot 1.87 ac (81,457 SF)
Zoning code CX-7
APN 0786.12-76-6627 0020101
UPID US53-0533446

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
  • Medical School
  • Hotel & Motel

Location

6209 Glenwood Ave Raleigh, NC 27612-2615
Raleigh metro Census 52507 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$8.08M
Comparable Approach Comparable
by Request
Blend (final) Blend
$5.95M

Owner & transaction history

since 2010
5 recorded transactions
2024
Price N/A
2010
$5.1M
2010
$4.3M
2006
Price N/A
1969
Price N/A

Zoning & alternative use

CX-7 · Raleigh, NC
Zoning description

The CX-7 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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