Property profile

7218 Virginia Dare Trl Nags Head, NC 27959

OFF-MARKET
Hotels
Property ID
US53-3295111
8,124 SF 0.85 ac lot Built 1970
Entity Owned 7-yr Hold Absentee Owner ~ Est. High Equity
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Property profile

Verified
Property type Hotels
Use group HOTEL/MOTEL
Year built 1970
Total area 8,124 SF
Lot 0.85 ac (37,000 SF)
APN 6641000
UPID US53-3295111

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

Location

7218 Virginia Dare Trl Nags Head, NC 27959-9128
Nags Head metro Census 970400 KILL DEVIL HILLS, NC MICROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$940k
Comparable Approach Comparable
$1.09M
Blend (final) Blend
$340k

Owner & transaction history

since 2019
4 recorded transactions
2021
Price N/A
2019
$10.5M
2019
Price N/A
2007
$1.8M

Zoning & alternative use

Top alternative use upside
Office building $965,000 +21.0%
Medical building $865,000 +8.9%
Retail stores $840,000 +5.5%

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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