3120 New BernRaleigh, NC 27610

  • Hotels
  • 27,460 SF
Off market
$2,816,215 Estimated

Property Details for 3120 New Bern

Year built
1986
Construction
BRICK
Lot size
1.51 AC
Property size (Sq ft)
27,460 SF
Zone code
CX-3
Property type
Hotels
Property subtype
Motels
APN
1724.18-22-6450 0145113
APU
1724182264500145113

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • CAP approach

    CAP return
    Valuation
    6%
    $7,560,265
    6.5%
    $6,978,706
    7%
    $6,480,227
  • Comparable approach

    Method
    Valuation
    Relative Method
    $17,082,744
    Geo Method
    $14,812,446
  • Alternative Use

    Use
    Valuation
    Residential
    $7,618,720
    Hospitality
    $6,978,706
    Educational
    $5,806,202
    Medical
    $6,005,886
    Retail
    $9,031,869

Location Insight

City
Raleigh
County
Wake
State
North Carolina
Latitude
35.7892
Longitude
-78.5864
CBSA code
39580
CBSA name
RALEIGH-CARY, NC METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$30,697
$998,330
$1,817,885
$2,816,215
-
$998,330
$1,817,885
$2,816,215

FAQs

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