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Property profile & analytics
OFF-MARKET
Estimated value
$3,660,000
Hotels
1001 Aerial Ctr Pkwy, Morrisville, NC 27560-9271
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US53-5642589
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
56,343 SF
Lot
2.01 ac (87,556 SF)
Zoning code
GC
APN
0756.01-47-3493 0170585
UPID
US53-5642589
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.98M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.66M
Owner & transaction history
Hari Ohm Hospitality LLC · 6 yrs held
Hari Ohm Hospitality LLC
since 2019
7 recorded transactions
Zoning & alternative use
GC · Morrisville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Morrisville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Morrisville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,310,000
6.5%
$3,975,000
7%
$3,695,000
Blend value · Realmo final
$3.66M
Range $3.29M – $4.03M · ±10%
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$65 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$60,753
Tax year 2023
Assessed value
$6,063,210
Assessed 2023
Previous assessed
$6,063,210
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$1,751,120
Assessed improvement
$4,312,090
Land market value
$1,751,120
Improvement market value
$4,312,090
Total market value
$6,063,210
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
4
Units
122
Total area
56,343 SF
Lot
2.01 ac (87,556 SF)
Zoning code
GC
APN
0756.01-47-3493 0170585
UPID
US53-5642589
Jurisdiction
WAKE
Zoning & alternative use
GC · Morrisville, NC
Zoning GC · permitted uses
GC · Morrisville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Morrisville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1989
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
4
Units
122
Lot
2.01 ac
Current owner
From public records · entity-resolved
Hari Ohm Hospitality LLC
Entity
Mailing address
124 RIV PNE DR, MORRISVILLE, NC 27560-8668
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 20, 2023
—
Hari Ohm Hospitality LLC
—
Deed
related
$4,800,000 · The Fidelity Bank
Sep 16, 2019
$6,225,000
Hari Ohm Hospitality LLC
Rdu Hotel LLC
Grant Deed
$5,000,000 · First Chatham Bk
Feb 22, 2018
$4,075,000
Rdu Hotel LLC
Lq Properties LLC
Grant Deed
$3,950,000 · American Pride Bk
Aug 9, 2007
—
Bre Of Lq Properties LLC
—
Deed Of Trust
related
—
Jun 7, 2006
—
Bre Of Lq Properties LLC
—
Deed Of Trust
related
$185,000,000 · * Other Institutional Lenders
Mar 15, 2006
$3,518,000
Bre Of Lq Properties LLC
Laquinta Properties INC
Deed Of Trust
related
$2,075,000,000 · * Other Institutional Lenders
Sep 14, 2004
$3,518,000
La Quinta Properties INC
Marcus Non LLC
Warranty Deed
—
Jul 16, 2004
—
Marcus Non LLC
B & G Realty INC
Deed Of Trust
related
—
—
—
Bre Of Lq Properties LLC
—
Deed Of Trust
related
—
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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