Log In/Sign Up
Your email has been sent.
Suburban Studios Raleigh 4810 Bluestone Dr 139 Room Hotel Raleigh, NC 27612 For Sale
Investment Highlights
- Strategic Raleigh Location – Located in the highly desirable Crabtree submarket of Raleigh, one of the city's primary commercial corridors
- Value Add Opportunity - For an Owner/Operator with a more hands on approach
- Extended Stay property featuring apartment like guestrooms
Executive Summary
The Suburban Studios consists of two exterior corridor structures with a total of 139 apartment style guestrooms including fully equipped kitchenettes (stovetop, microwave, refrigerator, toaster and kitchenware).
The property is located along Glenwood Avenue about equidistant from Raleigh-Durham International Airport and Downtown Raleigh. Glenwood Avenue is a major thoroughfare with a traffic volume nearing 40,000 vehicles per day.
Major retailers, restaurants and offices are easily accessible by bus or car most notably Crabtree Valley Mall which has over 200 stores and dozens of restaurants and is minutes away from the property.
Suburban Studios Raleigh-Crabtree represents a compelling value-add investment opportunity in one of Raleigh's strongest lodging submarkets. The property has experienced operational underperformance under absentee ownership, resulting in occupancy, ADR, and RevPAR levels that trail the competitive set and broader market. Additionally, the asset exhibits deferred maintenance and requires strategic capital improvements to fully realize its potential. A hands-on owner/operator can capitalize on significant upside through targeted renovations or repositioning, enhanced revenue management, improved sales and marketing efforts, and stronger day-to-day oversight. With Raleigh's continued economic and population growth, the property is well-positioned for meaningful performance gains and value creation through active asset management.
The property is located along Glenwood Avenue about equidistant from Raleigh-Durham International Airport and Downtown Raleigh. Glenwood Avenue is a major thoroughfare with a traffic volume nearing 40,000 vehicles per day.
Major retailers, restaurants and offices are easily accessible by bus or car most notably Crabtree Valley Mall which has over 200 stores and dozens of restaurants and is minutes away from the property.
Suburban Studios Raleigh-Crabtree represents a compelling value-add investment opportunity in one of Raleigh's strongest lodging submarkets. The property has experienced operational underperformance under absentee ownership, resulting in occupancy, ADR, and RevPAR levels that trail the competitive set and broader market. Additionally, the asset exhibits deferred maintenance and requires strategic capital improvements to fully realize its potential. A hands-on owner/operator can capitalize on significant upside through targeted renovations or repositioning, enhanced revenue management, improved sales and marketing efforts, and stronger day-to-day oversight. With Raleigh's continued economic and population growth, the property is well-positioned for meaningful performance gains and value creation through active asset management.
Data Room Click Here to Access
- Title and Insurance
- Survey
Property Facts
| Sale Type | Investment | No. Rooms | 139 |
| Property Type | Hospitality | No. Stories | 2 |
| Property Subtype | Hotel | Year Built/Renovated | 1997/2015 |
| Building Class | C | Parking Ratio | 3.6/1,000 SF |
| Lot Size | 4.90 AC | Corridor | Exterior |
| Building Size | 47,225 SF | ||
| Zoning | CX-3 | ||
| Sale Type | Investment |
| Property Type | Hospitality |
| Property Subtype | Hotel |
| Building Class | C |
| Lot Size | 4.90 AC |
| Building Size | 47,225 SF |
| No. Rooms | 139 |
| No. Stories | 2 |
| Year Built/Renovated | 1997/2015 |
| Parking Ratio | 3.6/1,000 SF |
| Corridor | Exterior |
| Zoning | CX-3 |
Amenities
- Wheelchair Accessible
- Public Access Wifi
- Smoke-Free
Room Mix Information
| Description | No. Rooms | Daily Rate | SF |
|---|---|---|---|
| Suite | 139 | $78.00 | - |
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 0796.13-03-7937-000 | Improvements Assessment | $4,277,580 |
| Land Assessment | $2,843,074 | Total Assessment | $7,120,654 |
Property Taxes
Parcel Number
0796.13-03-7937-000
Land Assessment
$2,843,074
Improvements Assessment
$4,277,580
Total Assessment
$7,120,654
1 of 21
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
