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Property profile & analytics
OFF-MARKET
Estimated value
$2,125,000
Hotels
1010 Sue Ln Shelby, NC 28152-6980
Entity Owned
16-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-2508686
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2007
Total area
37,580 SF
Lot
2 ac (87,120 SF)
Zoning code
GB
APN
59388
UPID
US53-2508686
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
-
WoodSpring Suites Charlotte Shelby Hotel & Motel Vacation Rental
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.13M
Owner & transaction history
Deesha Hotel INC · 16 yrs held
Deesha Hotel INC
since 2010
4 recorded transactions
Zoning & alternative use
GB · Shelby, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The GB business district is established as a district in which to accommodate a wide range of retail business, professional and personal services office and limited wholesale and warehousing uses, areas zoned as GB are generally located on the fringe of the central business district and along major highway corridors, residential uses are permitted at the sam…
Zone name
General Business
General category
COMMERCIAL
Zone area
1,307.36 ac
Source
Realmo
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 Shelby submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Shelby 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RETAIL STORES
$3,020,000
Change: 0% · Conversion: Difficult
RESTAURANT
$2,720,000
Change: 0% · Conversion: Difficult
MEDICAL BUILDING
$1,960,000
Change: 0% · Conversion: Difficult
WAREHOUSE, STORAGE
$1,735,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$2.13M
Range $1.91M – $2.34M · ±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
$57 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$37,611
Tax year 2024
Assessed value
$3,121,256
Assessed 2023
Previous assessed
$3,121,256
+0.0% YoY
Effective rate
1.20%
On assessed value
Assessed land
$522,720
Assessed improvement
$2,598,536
Land market value
$522,720
Improvement market value
$2,598,536
Total market value
$3,121,256
Applied tax rate
5.0000
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
Status
Off-Market
Year built
2007
Heating
HEAT PUMP
Cooling
AC.PACKAGE
Stories
4
Total area
37,580 SF
Lot
2 ac (87,120 SF)
Zoning code
GB
APN
59388
UPID
US53-2508686
Jurisdiction
CLEVELAND
Zoning & alternative use
GB · Shelby, NCZoning GB · permitted uses
GB · Shelby, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The GB business district is established as a district in which to accommodate a wide range of retail business, professional and personal services office and limited wholesale and warehousing uses, areas zoned as GB are generally located on the fringe of the central business district and along major highway corridors, residential uses are permitted at the same density and according to the same dimensional requirements as the R6 residential district
Zone name
General Business
General category
COMMERCIAL
Zone area
1,307.36 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES
Est. value
$3.0M
RESTAURANT
Est. value
$2.7M
MEDICAL BUILDING
Est. value
$2.0M
WAREHOUSE, STORAGE
Est. value
$1.7M
RETAIL STORES
RESTAURANT
MEDICAL BUILDING
WAREHOUSE, STORAGE
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
2007
Heating
HEAT PUMP
Cooling
Yes
Stories
4
Lot
2 ac
Current owner
From public records · entity-resolved
Deesha Hotel INC
Entity
Mailing address
213 SLATE BLUE PL, CARY, NC 27519-1833
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 11, 2025
—
Deesha Hotel INC
—
Deed
related
$2,500,000 · United Community Bank
Dec 17, 2021
—
Deesha Hotel INC
—
Deed
related
$1,750,000 · United States Small Business Admin
Feb 27, 2018
—
Deesha Hotel LLC
—
Deed
related
$1,700,000 · Wells Fargo Bank NA
Jul 2, 2010
$2,200,000
Deesha Hotel INC
Thoroughbred Props Shelby LLC
Grant Deed
$1,760,000 · First Chatham Bank
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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