Property profile

921 Wake Towne Dr Raleigh, NC 27609

OFF-MARKET
Motels
Property ID
US53-1589763
37,786 SF 1.85 ac lot Built 1996
Entity Owned 2-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Motels
Use group MOTEL
Year built 1996
Construction BRICK
Total area 37,786 SF
Lot 1.85 ac (80,586 SF)
Zoning code CX-3
APN 1715.09-15-1800 0217218
UPID US53-1589763

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 Vacation Rental

Location

921 Wake Towne Dr Raleigh, NC 27609-7864
Raleigh metro Census 52701 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
by Request
Blend (final) Blend
$3.03M

Owner & transaction history

since 2023
5 recorded transactions
2023
$5.3M
2021
Price N/A
2010
Price N/A
2005
Price N/A
2004
Price N/A

Zoning & alternative use

CX-3 · Raleigh, NC
Zoning description

The CX-3 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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