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Property profile & analytics
OFF-MARKET
Estimated value
$2,140,000
Hotels
1004 Memorial Dr Greenville, NC 27834-3718
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-1943320
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1990
Construction
FRAME
Total area
18,914 SF
Lot
1.33 ac (57,935 SF)
Zoning code
MCH
APN
48227
UPID
US53-1943320
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
-
Super 8 by Wyndham Greenville Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.94M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.14M
Owner & transaction history
One Sunya LLC · 3 yrs held
One Sunya LLC
since 2023
Last sale
$2.8M
2 recorded transactions
Zoning & alternative use
MCH · Greenville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
MCH Medical-Heavy Commercial MCH-CZ SEC. 9-4-326. CONDITIONAL ZONING DISTRICT PURPOSE. (A) The purpose of each conditional zoning district is the same as its corresponding original base zoning district. (B) Conditional zoning as established in this UDO is a tool that provides for greater restrictions on use or site standards than the corresponding original b…
Zone name
Medical Heavy Commercial
General category
COMMERCIAL
Zone area
146.45 ac
Source
Final UDO for public
Top alternative use upside
Auto repair, garage
$1.6M
+505.1%
Commercial (general)
$1.5M
+496.7%
Apartment house (5+ units)
$1.5M
+470.5%
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 Greenville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Greenville 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
$2,000,000
ML approach
$1,940,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$1,560,000
Change: +505% · Conversion: Difficult
COMMERCIAL (GENERAL)
$1,540,000
Change: +497% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,475,000
Change: +470% · Conversion: Difficult
RETAIL STORES
$1,465,000
Change: +468% · Conversion: Difficult
OFFICE BUILDING
$1,440,000
Change: +459% · Conversion: Difficult
RESTAURANT
$1,380,000
Change: +435% · Conversion: Difficult
Blend value · Realmo final
$2.14M
Range $1.93M – $2.35M · ±10% · vs last sale $2.83M (Jan 26 2023)
Last sale anchor
$2.83M
Jan 26 2023
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
$113 / 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
$17,346
Tax year 2023
Assessed value
$1,477,983
Assessed 2023
Previous assessed
$1,477,983
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$579,350
Assessed improvement
$898,633
Land market value
$579,350
Improvement market value
$898,633
Total market value
$1,477,983
Applied tax rate
40.0000
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
1990
Construction
FRAME
Heating
FORCED AIR
Cooling
WALL UNIT
Stories
2
Units
53
Rooms
27
Bathrooms
54
Total area
18,914 SF
Lot
1.33 ac (57,935 SF)
Zoning code
MCH
APN
48227
UPID
US53-1943320
Jurisdiction
PITT
Zoning & alternative use
MCH · Greenville, NCZoning MCH · permitted uses
MCH · Greenville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
MCH Medical-Heavy Commercial MCH-CZ SEC. 9-4-326. CONDITIONAL ZONING DISTRICT PURPOSE. (A) The purpose of each conditional zoning district is the same as its corresponding original base zoning district. (B) Conditional zoning as established in this UDO is a tool that provides for greater restrictions on use or site standards than the corresponding original base zoning district.
Zone name
Medical Heavy Commercial
General category
COMMERCIAL
Zone area
146.45 ac
Source
Final UDO for public
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$1.6M
COMMERCIAL (GENERAL)
Est. value
$1.5M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.5M
RETAIL STORES
Est. value
$1.5M
OFFICE BUILDING
Est. value
$1.4M
RESTAURANT
Est. value
$1.4M
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
APARTMENT HOUSE (5+ UNITS)
RETAIL STORES
OFFICE BUILDING
RESTAURANT
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
1990
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
53
Rooms
27
Bathrooms
54
Lot
1.33 ac
Current owner
From public records · entity-resolved
One Sunya LLC
Entity
Mailing address
1004 S MEMORIAL DR, GREENVILLE, NC 27834-3718
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 26, 2023
$2,825,000
One Sunya LLC
Raj Hospitality INC
Warranty Deed
$2,125,000 · Raj Hospitality INC
Feb 8, 2022
—
Raj Hospitality INC
—
Deed
related
$600,000 · United States Small Business Admin
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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