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Property profile & analytics
OFF-MARKET
Estimated value
$2,335,000
Motels
1144 Independence Dr, Rocky Mount, NC 27804-1904
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-2785128
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
2003
Total area
16,923 SF
Lot
2.65 ac (115,434 SF)
Zoning code
R10
APN
385118-40-6680
UPID
US53-2785128
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
-
Affordable Suites Rocky Mount Hotel & Motel Vacation Rental
-
Affordable Suites of America Rocky Mount Hotel & Motel Vacation Rental
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.58M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.34M
Owner & transaction history
Suite Dev Of Rmnc LLC · 5 yrs held
Suite Dev Of Rmnc LLC
since 2021
Last sale
$2.2M
2 recorded transactions
Zoning & alternative use
R10 · Rocky Mount, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.4M
+0.9%
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 Rocky Mount submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Rocky Mount 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%
$1,710,000
6.5%
$1,575,000
7%
$1,465,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$3,415,000
Current use
COMMERCIAL (GENERAL)
$3,445,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$2.34M
Range $2.10M – $2.57M · ±10% · vs last sale $2.17M (Jun 23 2021)
Last sale anchor
$2.17M
Jun 23 2021
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
$138 / 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
$14,666
Tax year 2024
Assessed value
$1,657,860
Assessed 2024
Previous assessed
$1,657,860
+0.0% YoY
Effective rate
0.88%
On assessed value
Assessed land
$397,500
Assessed improvement
$1,260,360
Land market value
$397,500
Improvement market value
$1,260,360
Total market value
$1,657,860
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
2003
Heating
NONE
Cooling
YES
Total area
16,923 SF
Lot
2.65 ac (115,434 SF)
Zoning code
R10
APN
385118-40-6680
UPID
US53-2785128
Jurisdiction
NASH
Zoning & alternative use
R10 · Rocky Mount, NC
Zoning R10 · permitted uses
R10 · Rocky Mount, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Rocky Mount. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$3.4M
COMMERCIAL (GENERAL)
Est. value
$3.4M
HOTEL/MOTEL Current
COMMERCIAL (GENERAL)
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
2003
Heating
NONE
Cooling
Yes
Lot
2.65 ac
Current owner
From public records · entity-resolved
Suite Dev Of Rmnc LLC
Entity
Mailing address
107 PO BOX 279TH DR STE #205, SHERRILLS FORD, NC 28673-0279
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2021
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
Jun 23, 2021
$2,170,000
Suite Dev Of Rmnc LLC
Affordable Suites Of Rocky Mount Ll
Special Warranty Deed
$2,063,900 · Np Real Estate Services LLC
Aug 21, 2018
—
Affordable Suites Of Rocky Mount Ll
—
Deed
related
$1,288,000 · Trupoint 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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