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Property profile & analytics
OFF-MARKET
Estimated value
$15,345,000
Motels
1105 Navaho Dr, Raleigh, NC 27609-7312
Entity Owned
4-yr Hold
Property ID
US53-1542688
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
73,892 SF
Lot
2.87 ac (125,017 SF)
Zoning code
CX-7
APN
1715.09-26-1895 0237297
UPID
US53-1542688
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
-
1105 Flats at North Hills Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.49M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$16.39M
Blend (final)
Blend
$15.35M
Owner & transaction history
1105 Navaho Owner LLC · 4 yrs held
1105 Navaho Owner LLC
since 2022
Last sale
$18.0M
4 recorded transactions
Zoning & alternative use
CX-7 · Raleigh, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$24.0M
+55.9%
Auto repair, garage
$21.8M
+41.7%
Medical building
$18.3M
+19.1%
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
$20,345,000
ML approach
$10,485,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$15,375,000
Current use
COMMERCIAL (GENERAL)
$23,965,000
Change: +56% · Conversion: Difficult
AUTO REPAIR, GARAGE
$21,785,000
Change: +42% · Conversion: Difficult
MEDICAL BUILDING
$18,310,000
Change: +19% · Conversion: Difficult
Blend value · Realmo final
$15.35M
Range $13.81M – $16.88M · ±10% · vs last sale $18.00M (Apr 14 2022)
Last sale anchor
$18.00M
Apr 14 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
$208 / 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
$135,269
Tax year 2023
Assessed value
$12,410,029
Assessed 2023
Previous assessed
$12,410,029
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$2,250,306
Assessed improvement
$10,159,723
Land market value
$2,250,306
Improvement market value
$10,159,723
Total market value
$12,410,029
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
5
Units
127
Total area
73,892 SF
Lot
2.87 ac (125,017 SF)
Zoning code
CX-7
APN
1715.09-26-1895 0237297
UPID
US53-1542688
Jurisdiction
WAKE
Zoning & alternative use
CX-7 · Raleigh, NC
Zoning CX-7 · permitted uses
CX-7 · 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
$15.4M
COMMERCIAL (GENERAL)
Est. value
$24.0M
AUTO REPAIR, GARAGE
Est. value
$21.8M
MEDICAL BUILDING
Est. value
$18.3M
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
MEDICAL BUILDING
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
1998
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
5
Units
127
Lot
2.87 ac
Current owner
From public records · entity-resolved
1105 Navaho Owner LLC
Entity
Mailing address
812 N MANHATTAN BCH CA 90266TH ST STE 2100TH CHICAGO
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
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 14, 2022
$18,000,000
1105 Navaho Owner LLC
Travelin Lite LLC
Special Warranty Deed
$15,175,875 · First Carolina Bank
Aug 16, 2018
$12,900,000
Tandon Holdings LLC
Hp Raleigh LLC
Grant Deed
related
$10,000,000 · Wells Fargo Bk
Dec 19, 2014
$9,845,000
Hp Raleigh LLC
Bre Of Amerisuites Txnc Props LP
Trustees Deed
$8,150,000 · Branch Bk&tr
Nov 8, 2004
$8,019,500
Bre Of Amerisuites Txnc Props
Prime Hospitality LLC
Deed Of Trust
related
$361,158,000 · * Other Institutional Lenders
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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