Property profile

9 Glenwood Ave Raleigh, NC 27603

OFF-MARKET
Hotels
Property ID
US53-4722112
91,896 SF 0.88 ac lot Built 2020
Entity Owned 7-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Hotels
Use group HOTEL/MOTEL
Year built 2020
Construction CONCRETE BLOCKS
Total area 91,896 SF
Lot 0.88 ac (38,333 SF)
Zoning code DX-7
APN 1703.06-49-4525 0025266
UPID US53-4722112

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
  • Resort
  • Hotel & Motel
  • Nightclub DJ & Entertainment
  • Bar & Pub Nightclub

Location

9 Glenwood Ave Raleigh, NC 27603-1794
Raleigh metro Census 50300 RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$10.17M
Blend (final) Blend
$10.83M

Owner & transaction history

since 2018
1 recorded transaction
2018
$4.0M

Zoning & alternative use

DX-7 · Raleigh, NC

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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