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Property profile & analytics
OFF-MARKET
Estimated value
$8,020,000
Hotels
1001 Wake Towne Dr, Raleigh, NC 27609-7850
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-0397818
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1988
Total area
59,545 SF
Lot
2.65 ac (115,434 SF)
Zoning code
CX-5
APN
1715.09-15-3242 0147785
UPID
US53-0397818
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
Current use
Occupant on record · Public records
-
Comfort Inn Raleigh Midtown Hotel & Motel
-
Hampton Inn Hotel & Motel Bed & Breakfast
-
Hampton Inn Raleigh Midtown Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.36M
CAP Approach
CAP
$7.12M
Comparable Approach
Comparable
$9.17M
Blend (final)
Blend
$8.02M
Owner & transaction history
Lhg Raleigh INC · 3 yrs held
Lhg Raleigh INC
since 2022
Last sale
$7.5M
6 recorded transactions
Zoning & alternative use
CX-5 · Raleigh, 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 Raleigh submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Raleigh 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
$8,475,000
ML approach
$8,355,000
CAP Approach
CAP Return
Estimation
6%
$7,715,000
6.5%
$7,120,000
7%
$6,615,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$12,390,000
Current use
Blend value · Realmo final
$8.02M
Range $7.22M – $8.82M · ±10% · vs last sale $7.50M (Dec 6 2022)
Last sale anchor
$7.50M
Dec 6 2022
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
$135 / 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
$75,723
Tax year 2023
Assessed value
$6,947,048
Assessed 2023
Previous assessed
$6,947,048
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$883,070
Assessed improvement
$6,063,978
Land market value
$883,070
Improvement market value
$6,063,978
Total market value
$6,947,048
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
1988
Heating
CENTRAL
Cooling
CENTRAL
Stories
5
Units
131
Total area
59,545 SF
Lot
2.65 ac (115,434 SF)
Zoning code
CX-5
APN
1715.09-15-3242 0147785
UPID
US53-0397818
Jurisdiction
WAKE
Zoning & alternative use
CX-5 · Raleigh, NC
Zoning CX-5 · permitted uses
CX-5 · Raleigh, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Raleigh. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$12.4M
HOTEL/MOTEL Current
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1988
Heating
CENTRAL
Cooling
Yes
Stories
5
Units
131
Lot
2.65 ac
Current owner
From public records · entity-resolved
Lhg Raleigh INC
Entity
Mailing address
4820 NATIONS XING RD STE D101, CHARLOTTE, NC 28217-1878
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 6, 2022
$7,500,000
Lhg Raleigh INC
42 Hotel Raleigh LLC
Special Warranty Deed
$268,250 · Providence Bank
Apr 23, 2010
—
42 Hotel Raleigh LLC
—
Deed Of Trust
related
$7,696,000 · First Citizens Bank & Trust Co
Jan 28, 2008
$9,350,000
42 Hotel Raleigh LLC
Encore Raleigh LLC
Grant Deed
$7,696,000 · First Regional Bank
Jan 4, 2006
$3,395,000
Encore Raleigh LLC
Hi Raleigh LLC
Grant Deed
—
Jan 4, 2006
—
Encore Raleigh LLC
Hi Raleigh LLC
Quit Claim Deed
related
—
—
—
42 Hotel Raleigh LLC
—
Deed Of Trust
related
$21,000,000 · Basis R/e Cap II LLC
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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