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Property profile & analytics
OFF-MARKET
Hotels
104 Main St Elizabeth City, NC 27909-4422
Entity Owned
9-yr Hold
Free & Clear
Property ID
US53-4162892
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1920
Construction
WOOD
Lot
0.24 ac (10,324 SF)
Zoning code
CB
APN
891308890634
UPID
US53-4162892
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
-
Main St Hair Salon Nail Salon
-
Albemarle Teen Challenge Medical Clinic
-
Main Street Tea House Restaurant Cafe & Coffee Shop
-
Justash Barber & Beauty Barber Shop
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Shec LLC · 9 yrs held
Shec LLC
since 2017
2 recorded transactions
Zoning & alternative use
CB · Elizabeth City, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The CB Central Business District is primarily intended to accommodate a wide variety of commercial activities, particularly those that are pedestrian oriented, in an intensive development pattern in the city central business district (CBD), the regulations of this district are intended to preserve the general character and integrity of the current developmen…
Zone name
Central Business
General category
CIVIC_INSTITUTIONAL
Zone area
84.52 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 Elizabeth City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elizabeth City 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
Assessed value
$403,200
Assessed 2023
Previous assessed
$403,200
+0.0% YoY
Land market value
$117,500
Improvement market value
$285,700
Total market value
$403,200
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
1920
Construction
WOOD
Heating
FORCED AIR
Cooling
CENTRAL
Units
100
Lot
0.24 ac (10,324 SF)
Zoning code
CB
APN
891308890634
UPID
US53-4162892
Jurisdiction
PASQUOTANK
Zoning & alternative use
CB · Elizabeth City, NCZoning CB · permitted uses
CB · Elizabeth City, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The CB Central Business District is primarily intended to accommodate a wide variety of commercial activities, particularly those that are pedestrian oriented, in an intensive development pattern in the city central business district (CBD), the regulations of this district are intended to preserve the general character and integrity of the current development in the CBD encourage land uses which provide for a multi purpose CBD including retail, offices, services, entertainment, institutional uses, and living space
Zone name
Central Business
General category
CIVIC_INSTITUTIONAL
Zone area
84.52 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1920
Construction
WOOD
Heating
FORCED AIR
Cooling
Yes
Units
100
Lot
0.24 ac
Current owner
From public records · entity-resolved
Shec LLC
Entity
Free & Clear · 9 yrs held
Mailing address
PO BOX 90, KILL DEVIL HILLS, NC 27948-0090
Ownership since
2017
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
Apr 25, 2017
$215,314
Shec LLC
Southern Hotel Of Elizabeth City Ll
Trustees Deed
related
—
Feb 23, 2006
$750,000
Southern Hotel Of Elizabeth City Ll
Southern Hotel LLC
Warranty Deed
$750,000 · Gateway Bank & Trust Co
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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