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Property profile & analytics
OFF-MARKET
Estimated value
$530,000
Hotels
105 Commerce Pkwy Garner, NC 27529-7924
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-1245528
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1999
Total area
35,438 SF
Lot
1.98 ac (86,249 SF)
Zoning code
COM
APN
06E02005J
UPID
US53-1245528
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
-
Sleep Inn Hotel & Motel
-
Hope & Deliverance Ministries - Garner NC Association / Organization
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$684k
Blend (final)
Blend
$530k
Owner & transaction history
Ajay Hospitality INC · 4 yrs held
Ajay Hospitality INC
since 2022
Last sale
$400,000
7 recorded transactions
Zoning & alternative use
COM · Garner, 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 Garner submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Garner 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
$395,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$770,000
Current use
Blend value · Realmo final
$530k
Range $477k – $583k · ±10% · vs last sale $400k (Apr 22 2022)
Last sale anchor
$400k
Apr 22 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
$15 / 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
$24,901
Tax year 2024
Assessed value
$3,074,210
Assessed 2024
Previous assessed
$3,074,210
+0.0% YoY
Effective rate
0.81%
On assessed value
Assessed land
$862,490
Assessed improvement
$2,211,720
Land market value
$862,490
Improvement market value
$2,211,720
Total market value
$3,074,210
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
1999
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
3
Units
88
Bathrooms
5
Total area
35,438 SF
Lot
1.98 ac (86,249 SF)
Zoning code
COM
APN
06E02005J
UPID
US53-1245528
Jurisdiction
JOHNSTON
Zoning & alternative use
COM · Garner, NC
Zoning COM · permitted uses
COM · Garner, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Garner. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$770,000
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
1999
Heating
HEAT PUMP
Cooling
Yes
Stories
3
Units
88
Bathrooms
5
Lot
1.98 ac
Current owner
From public records · entity-resolved
Ajay Hospitality INC
Entity
Mailing address
105 COMMERCE PKWY, GARNER, NC 27529-7924
Mailing matches property
Yes
Owner-occupied
Yes
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 22, 2022
—
Ajay Hospitality INC
Amrutlal N Parmar
Warranty Deed
$240,000 · Ks Bank INC
Feb 11, 2020
$100,050
Department Of Transportation
Salambo Properties LLC
Grant Deed
—
Oct 23, 2017
—
Amrutlal N Parmar
—
Deed
related
$248,000 · Four Oaks Bk&tr
Feb 8, 2017
—
Amrutal Parmar
—
Deed
related
$500,000 · Four Oaks Bk&tr
Jan 5, 2007
$254,500
Amrutlal N Parmar
Surti,madhusudan L & Hansa M
Warranty Deed
—
Aug 19, 2004
$2,000,000
Amrutlal N Parmar
42 Choice LLC
Warranty Deed
$1,300,000 · Branch Banking & Trust Co
—
—
Amrutal Parmar
—
Deed Of Trust
related
$500,000 · Four Oaks Bk&tr
—
—
Amrutlal N Parmar
—
Deed Of Trust
related
$248,000 · Four Oaks Bk&tr
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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