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Property profile & analytics
OFF-MARKET
Estimated value
$650,000
Hotels
115 Carteret St Greensboro, NC 27406-4427
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US53-0226869
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1986
Total area
4,896 SF
Lot
3.1 ac (135,036 SF)
Zoning code
LI
APN
29830
UPID
US53-0226869
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
-
Homestead Lodge Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$665k
CAP Approach
CAP
$680k
Comparable Approach
Comparable
$875k
Blend (final)
Blend
$650k
Owner & transaction history
Khan Khan Brothers INC · 17 yrs held
Khan Khan Brothers INC
since 2009
4 recorded transactions
Zoning & alternative use
LI · Greensboro, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The LI, Light Industrial district is primarily intended to accommodate limited manufacturing, wholesaling, warehousing, research and development, and related commercial/service activities which in their normal operations, have little or no adverse effect upon adjoining properties.
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
5,591.95 ac
Source
Realmo
Top alternative use upside
Commercial (general)
$710,000
+26.0%
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 Greensboro submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Greensboro 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
$665,000
CAP Approach
CAP Return
Estimation
6%
$735,000
6.5%
$680,000
7%
$630,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$565,000
Current use
COMMERCIAL (GENERAL)
$710,000
Change: +26% · Conversion: Difficult
Blend value · Realmo final
$650k
Range $585k – $715k · ±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
$133 / 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
$35,047
Tax year 2023
Assessed value
$2,498,000
Assessed 2023
Previous assessed
$2,498,000
+0.0% YoY
Effective rate
1.40%
On assessed value
Assessed land
$675,200
Assessed improvement
$1,822,800
Land market value
$675,200
Improvement market value
$1,822,800
Total market value
$2,498,000
Applied tax rate
1.0000
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/MOTEL
Status
Off-Market
Year built
1986
Heating
FORCED AIR
Cooling
CENTRAL
Buildings
6
Stories
1
Units
13
Rooms
14
Bathrooms
13
Total area
4,896 SF
Lot
3.1 ac (135,036 SF)
Zoning code
LI
APN
29830
UPID
US53-0226869
Jurisdiction
GUILFORD
Zoning & alternative use
LI · Greensboro, NCZoning LI · permitted uses
LI · Greensboro, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The LI, Light Industrial district is primarily intended to accommodate limited manufacturing, wholesaling, warehousing, research and development, and related commercial/service activities which in their normal operations, have little or no adverse effect upon adjoining properties.
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
5,591.95 ac
Source
Realmo
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$565,000
COMMERCIAL (GENERAL)
Est. value
$710,000
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
1986
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
6
Units
13
Rooms
14
Bathrooms
13
Lot
3.1 ac
Current owner
From public records · entity-resolved
Khan Khan Brothers INC
Entity
Mailing address
115 E PO BOX 49452ND ST, GREENSBORO, NC 27419-1452
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2009
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
Nov 25, 2019
—
Khan & Khan Brothers INC
—
Deed
related
$790,000 · Finance Of America Mortgage LLC
Jul 26, 2012
—
Khan & Khan Brothers INC
—
Trustees Deed
related
$100,000 · Norman B SR Boyles
May 26, 2009
$1,900,000
Khan Khan Brothers INC
Homestead,lodge Greensboro
Grant Deed
$121,897 · Norman Boyles
—
—
Khan & Khan Brothers INC
—
Deed Of Trust
related
$500,000 · Norman B SR & Norman B JR Boyles
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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