Skip to main content

Hotel-Motel

Red Roof Inn Raleigh Crabtree Valley

3921 Arrow Dr, Raleigh, NC 27612

Listing Price: $4,650,000

Cap Rate
9.54%
Number of Rooms
61
RevPAR
$48
Gross SF
26,504
Price/Room
$76,230
RRM
4.32
Price/Gross SF
$175.45
Year Built
1982

Investment Overview

Marcus & Millichap is pleased to offer for sale a fee simple interest in the 61-unit, Red Roof Inn Raleigh Crabtree Valley, located in Raleigh, North Carolina. Strategically located on 1.40 acres off I-440 with high visibility and accessibility. The property is being offered with minimal property improvements plan for a new investor. Recent capital improvements include new carpets and RFID locks. Common area amenities include complimentary on-site parking, shared lounge area, vending machines, and guest laundry facilities. Each guest room is equipped with free Wi-Fi, ?at-screen TV, microwave, refrigerator, in-room coffee & tea maker, private bathroom, hairdryer, complimentary toiletries, and desk with chair.

The Red Roof Inn Raleigh Crabtree Valley is close proximity to all demand generators and downtown Raleigh, 8 miles away. Raleigh is one of the fastest- growing regions in the entire country and is the second biggest city in the state. The city has long been recognized for livability, career development and its high job growth. Most recently, Raleigh has been lauded as the number one place for business and career by Forbes. Some companies based in Raleigh include BB&T Insurance Services, Capitol Broadcasting Company, Carquest, First Citizens Bancshares, Golden Corral, Martin Marietta Materials, Red Hat, Waste Industries, and Lulu. The Raleigh Durham International Airport, located 10.2 miles away, provides service to more than 8.7 million people and offers ?ight from 10 major airlines, including American Airlines and Delta Airlines, and has 57 non-stop ?ight destinations.

The Raleigh-Durham-Chapel Hill area, is referred to as the Research Triangle due to its close proximity to three top research Universities. Those universities include the University of North Carolina at Chapel Hill, North Carolina State University, and Duke University. Within the prominent research and development region, is home to the Research Triangle Park, the largest research park in the United States. Research Triangle Park spans across 7,000 acres and is home to more than 300 companies, including Microsoft, Apple, and RTI. More than 65,000 individuals are employed by these companies in the park. Beginning in 2026, Apple will break ground on a corporate campus that will employ 3,000 employees and strengthen the job market in the community. Google and Microsoft are also planning on expanding their corporate footprint in the RTP area developing new of?ces and creating thousands of new positions. Recently, IBM sold part of their RTP offices, which may be transformed into a mixed-use development.

Investment Highlights

  • Fee simple interest in the 61-unit, Red Roof Inn Raleigh Crabtree Valley, located in Raleigh, North Carolina
  • Conveniently located off I-440 | High Visibility & Accessibility | Downtown Raleigh is 8 miles away
  • Nearby Demand Generators | Wake-Med PNC Arena, Raleigh Convention Center, North Carolina State Capitol & More
  • Colleges | North Carolina State University, Meredith College, Saint Augustine's University, William Peace University
  • Raleigh Durham International Airport, 13 miles away, provided service to nearly 12 million passengers in 2022
  • Research Triangle Park corporate growth | Apple, Microsoft, and Google all plan to expand and implement thousands of new jobs

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s) NC: 303785

    North Carolina

Financing By

Hotel-Motel

Red Roof Inn Raleigh Crabtree Valley

Listing Price: $4,650,000

Cap Rate
9.54%
Number of Rooms
61
RevPAR
$48
Gross SF
26,504
Price/Room
$76,230
RRM
4.32
Price/Gross SF
$175.45
Year Built
1982

Investment Highlights

  • Fee simple interest in the 61-unit, Red Roof Inn Raleigh Crabtree Valley, located in Raleigh, North Carolina
  • Conveniently located off I-440 | High Visibility & Accessibility | Downtown Raleigh is 8 miles away
  • Nearby Demand Generators | Wake-Med PNC Arena, Raleigh Convention Center, North Carolina State Capitol & More
  • Colleges | North Carolina State University, Meredith College, Saint Augustine's University, William Peace University
  • Raleigh Durham International Airport, 13 miles away, provided service to nearly 12 million passengers in 2022
  • Research Triangle Park corporate growth | Apple, Microsoft, and Google all plan to expand and implement thousands of new jobs

Investment Overview

Marcus & Millichap is pleased to offer for sale a fee simple interest in the 61-unit, Red Roof Inn Raleigh Crabtree Valley, located in Raleigh, North Carolina. Strategically located on 1.40 acres off I-440 with high visibility and accessibility. The property is being offered with minimal property improvements plan for a new investor. Recent capital improvements include new carpets and RFID locks. Common area amenities include complimentary on-site parking, shared lounge area, vending machines, and guest laundry facilities. Each guest room is equipped with free Wi-Fi, ?at-screen TV, microwave, refrigerator, in-room coffee & tea maker, private bathroom, hairdryer, complimentary toiletries, and desk with chair. The Red Roof Inn Raleigh Crabtree Valley is close proximity to all demand generators and downtown Raleigh, 8 miles away. Raleigh is one of the fastest- growing regions in the entire country and is the second biggest city in the state. The city has long been recognized for livability, career development and its high job growth. Most recently, Raleigh has been lauded as the number one place for business and career by Forbes. Some companies based in Raleigh include BB&T Insurance Services, Capitol Broadcasting Company, Carquest, First Citizens Bancshares, Golden Corral, Martin Marietta Materials, Red Hat, Waste Industries, and Lulu. The Raleigh Durham International Airport, located 10.2 miles away, provides service to more than 8.7 million people and offers ?ight from 10 major airlines, including American Airlines and Delta Airlines, and has 57 non-stop ?ight destinations. The Raleigh-Durham-Chapel Hill area, is referred to as the Research Triangle due to its close proximity to three top research Universities. Those universities include the University of North Carolina at Chapel Hill, North Carolina State University, and Duke University. Within the prominent research and development region, is home to the Research Triangle Park, the largest research park in the United States. Research Triangle Park spans across 7,000 acres and is home to more than 300 companies, including Microsoft, Apple, and RTI. More than 65,000 individuals are employed by these companies in the park. Beginning in 2026, Apple will break ground on a corporate campus that will employ 3,000 employees and strengthen the job market in the community. Google and Microsoft are also planning on expanding their corporate footprint in the RTP area developing new of?ces and creating thousands of new positions. Recently, IBM sold part of their RTP offices, which may be transformed into a mixed-use development.

Exclusively Listed By

Broker of Record

  • Benjamin Yelm

    Vice President/Regional Manager

    (704) 831-4600

    License(s): NC: 303785

    North Carolina

Financing By

MM Texture Background
MM Textured Background Lower