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Financial
Distress signals
Property profile

6715 S Croatan Hwy Nags Head, NC 27959

FOR SALE
Hotels
Property ID
US53-3395686
9,279 SF 4.37 ac lot Built 1932
Last sale Oct 2009
Entity Owned Owner of record is a legal entity (LLC / corporation). 16-yr Hold Held for 16 years. Absentee Owner Owner mailing address differs from the property address. Free & Clear No active or open recorded mortgage detected.
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Property summary

AI-generated overview

The First Colony Inn is a historic oceanfront beach hotel in Nags Head, North Carolina, constructed in 1932 and listed on the National Register of Historic Places. It is built in the “Old Nags Head style” shingle-style architectural style and features wraparound verandas. The property contains 26 guest rooms, with many units including kitchenettes and/or sitting areas, and select rooms having whirlpool tubs and/or private porches. On-site amenities include a seasonal outdoor pool, landscaped…

Ownership intelligence

Who controls the opportunity?

Owner of record from public deeds, plus portfolio, hold profile and investor signals where the data supports them. Included with a plan.

Owner contacts

Can we reach the decision maker?

Skip-traced phones and e-mails of the owner. Included with a plan.

Debts

What is owed, to whom, and when it comes due

Recorded lenders, amounts and estimated maturities of the owner's loan book — included with a plan.

Property tax · 2024

What does the county charge?
$13k
Tax billed · 2024
Assessed value$3.84M
Assessed land$2.63M
Assessed improvement$1.21M
Effective rate0.34%

Value estimate

· Oct 2026
$700k
$630k – $770k
AI approach$700k
CAP approach$1.08M
NOI build-up
Gross scheduled income$167k
Vacancy & credit loss−$20k
Operating expenses−$77k
NOI · 0.58% cap applied$70k

Realmo valuation models over county records.

Recently sold

No data for this section
What actually traded nearby?

No cleaned sale $/SF benchmark exists for this use type in this ZIP, submarket or county yet.

Cap rate analysis

How does the asset earn?
0.58%
$70k estimated NOI · market benchmarks for this use type

Price anchors at 6 / 6.5 / 7% — in the full report.

Zoning insight

No data for this section
What can be built here?

No zoning code is on file for this parcel. Coverage grows with every catalog release.

JurisdictionDARE

Location intelligence

Which uses thrive at this corner?
Best fit: Watch Repair Shop
Demand heat for this use is drawn on the map · LocInt grid
Demand index
Watch Repair Shop8.6
Auto Repair Shop8.4
Auto Parts Store8.3

Location

6715 S Croatan Hwy Nags Head, NC 27959
County assessor Recorded deeds · 1 transfer Qualifying comp sales · not on file Zoning catalog · not on file

Every figure names its source: public record, benchmark, or modeled. Coverage varies by property — thin data is stated as missing, never invented.

Comparables

5 recorded sales · 6 properties nearby
Recent sales nearby
5 recorded sales in this ZIP, last 8 years
Address Sale price Sold Size
7111 Virginia Dare, Nags Head, NC 27959-9127 $5,605,000 Jan 2026 15,691 SF
7122 Virginia Dare, Nags Head, NC 27959 $7,870,000 Oct 2023 12,076 SF
6811 Virginia Dare, Nags Head, NC 27959-9121 $3,300,000 Jun 2020 2,380 SF
7218 Virginia Dare, Nags Head, NC 27959-9128 $2,100,000 Feb 2019 8,124 SF
Sale prices and dates as our records hold them, one row per building. A deed can cover more of a building than the size shown, so read the price against the size rather than dividing one by the other.
Comparable nearby
6 properties of the same type nearby
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