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Property profile & analytics
OFF-MARKET
Estimated value
$6,720,000
Hotels
115 Brevard Ct, Charlotte, NC 28202-1926
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-5815036
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1947
Total area
131,319 SF
Lot
0.09 ac (4,045 SF)
Zoning code
UMUD
APN
12502303
UPID
US53-5815036
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.18M
CAP Approach
CAP
$9.40M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.72M
Owner & transaction history
Clt 125 Propco LLC · 3 yrs held
Clt 125 Propco LLC
since 2022
Last sale
$6.5M
5 recorded transactions
Zoning & alternative use
UMUD · Charlotte, 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 Charlotte submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Charlotte 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
$6,700,000
ML approach
$7,180,000
CAP Approach
CAP Return
Estimation
6%
$10,180,000
6.5%
$9,395,000
7%
$8,725,000
Blend value · Realmo final
$6.72M
Range $6.05M – $7.39M · ±10% · vs last sale $6.50M (Oct 7 2022)
Last sale anchor
$6.50M
Oct 7 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
$51 / 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
$18,054
Tax year 2023
Assessed value
$2,461,300
Assessed 2024
Previous assessed
$869,600
+183.0% YoY
Effective rate
0.73%
On assessed value
Assessed land
$869,600
Assessed improvement
$1,591,700
Land market value
$869,600
Improvement market value
$1,591,700
Total market value
$2,461,300
Applied tax rate
8.0000
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
Status
Off-Market
Year built
1947
Heating
YES
Cooling
YES
Buildings
2
Stories
4
Rooms
3
Total area
131,319 SF
Lot
0.09 ac (4,045 SF)
Zoning code
UMUD
APN
12502303
UPID
US53-5815036
Jurisdiction
MECKLENBURG
Zoning & alternative use
UMUD · Charlotte, NC
Zoning UMUD · permitted uses
UMUD · Charlotte, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Charlotte. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1947
Heating
YES
Cooling
Yes
Stories
4
Buildings
2
Rooms
3
Lot
0.09 ac
Current owner
From public records · entity-resolved
Clt 125 Propco LLC
Entity
Mailing address
2385 NW EXECUTIVE CTR DR STE #240, BOCA RATON, FL 33431-8511
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 29, 2025
—
Clt 125 Propco LLC
—
Deed
related
$55,000,000 · Access Point Financial LLC
Oct 7, 2022
$6,500,000
Clt 125 Propco LLC
Bpr Brevard LLC
Warranty Deed
$500,000 · Clf II Sl Charlotte LLC
Jun 27, 2018
$1,250,000
Bpr Brevard LLC
Roy T Number Three LLC
Grant Deed
—
Sep 3, 2015
$410,000
Roy T Number Three LLC
Wells Property Number One LLC
Warranty Deed
—
Feb 12, 2015
—
Wells Property Number One LLC
—
Trustees Deed
related
$295,000 · Bank Of Nc
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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