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Property profile & analytics
OFF-MARKET
Estimated value
$3,725,000
Hotels
1041 Wake Towne Dr, Raleigh, NC 27609-7850
Entity Owned
11-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-1071881
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1986
Total area
25,067 SF
Lot
4.45 ac (193,842 SF)
Zoning code
CX-3
APN
1715.09-15-7164 0147784
UPID
US53-1071881
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
-
Courtyard Raleigh Midtown Hotel & Motel
-
The Bistro – Eat. Drink. Connect.® Restaurant
-
1041 Wake Towne Drive Parking Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.00M
Comparable Approach
Comparable
$3.57M
Blend (final)
Blend
$3.73M
Owner & transaction history
Cmp 1 Raleigh Owner LLC · 11 yrs held
Cmp 1 Raleigh Owner LLC
since 2014
3 recorded transactions
Zoning & alternative use
CX-3 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,250,000
6.5%
$3,000,000
7%
$2,785,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$5,215,000
Current use
Blend value · Realmo final
$3.73M
Range $3.35M – $4.10M · ±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
$149 / 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
$190,120
Tax year 2023
Assessed value
$17,442,218
Assessed 2023
Previous assessed
$17,442,218
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$1,657,349
Assessed improvement
$15,784,869
Land market value
$1,657,349
Improvement market value
$15,784,869
Total market value
$17,442,218
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
1986
Heating
CENTRAL
Cooling
CENTRAL
Buildings
4
Stories
2
Units
153
Total area
25,067 SF
Lot
4.45 ac (193,842 SF)
Zoning code
CX-3
APN
1715.09-15-7164 0147784
UPID
US53-1071881
Jurisdiction
WAKE
Zoning & alternative use
CX-3 · Raleigh, NC
Zoning CX-3 · permitted uses
CX-3 · 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
$5.2M
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
1986
Heating
CENTRAL
Cooling
Yes
Stories
2
Buildings
4
Units
153
Lot
4.45 ac
Current owner
From public records · entity-resolved
Cmp 1 Raleigh Owner LLC
Entity
Mailing address
545 E JOHN CARPENTER FWY STE #14, IRVING, TX 75062-3931
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 18, 2018
—
Cmp I Raleigh Owner LLC
—
Grant Deed
related
$830,000,000 · Barclays Bk/plc
Oct 8, 2014
$14,509,000
Cmp 1 Raleigh Owner LLC
Cbm One Hotels LP
Grant Deed
related
$415,000,000 · Jp Morgan Chase Bk
—
—
Cbm One Hotels LP
—
Deed Of Trust
related
$194,750,000 · German American Capital Corp
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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