Property profile

6741 Us Hwy 70th E Newport, NC 28570

OFF-MARKET
Motels
Property ID
US53-2475533
5,998 SF 6.9 ac lot Built 1968
Entity Owned 10-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Motels
Use group MOTEL
Year built 1968
Construction WOOD
Total area 5,998 SF
Lot 6.9 ac (300,564 SF)
Zoning code CH
APN 6338.20.80.4950000
UPID US53-2475533

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

6741 Us Hwy 70th E Newport, NC 28570-3725
Newport metro Census 970702 MOREHEAD CITY, NC MICROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$600k
CAP Approach CAP
$580k
Comparable Approach Comparable
by Request
Blend (final) Blend
$600k

Owner & transaction history

since 2015
1 recorded transaction
2015
$1.5M

Zoning & alternative use

CH · Newport, NC
Zoning description

k. CH-CD. l. LI-CD. m. IW-CD. Ord. 2021-02, passed 6-14-21) Share Download Bookmark Print § 6-2.6 PLANNED UNIT DEVELOPMENT DISTRICT. a. General. The Planned Unit Development District (PUD) is a special purpose Conditiona…

General category COMMERCIAL
Top alternative use upside
Commercial (general) $845,000 +38.3%
Office building $790,000 +29.4%
Auto repair, garage $655,000 +7.6%

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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