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Property profile & analytics
OFF-MARKET
Estimated value
$2,610,000
Hotels
115 Lk Ave, Spring Lake, NC 28390-3936
Entity Owned
4-yr Hold
Free & Clear
Property ID
US53-1520638
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1984
Total area
27,692 SF
Lot
2.4 ac (104,544 SF)
Zoning code
CB-CENTRAL BUSINESS
APN
0501-75-9242
UPID
US53-1520638
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
-
The Gateway Inn & Suites Hotel & Motel
-
Quality Inn & Suites Spring Lake - Fayetteville Near Fort Liberty Hotel & Motel
-
Comfort Inn & Suites Spring Lake Hotel & Motel
-
Econo Lodge Middlesboro Hotel & Motel
-
lincoln dealer Car Dealership
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.67M
Comparable Approach
Comparable
$1.74M
Blend (final)
Blend
$2.61M
Owner & transaction history
Sfiri Springlake LLC · 4 yrs held
Sfiri Springlake LLC
since 2021
3 recorded transactions
Zoning & alternative use
CB-CENTRAL BUSINESS · Spring Lake, 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 Spring Lake submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spring Lake 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%
$2,895,000
6.5%
$2,670,000
7%
$2,480,000
Blend value · Realmo final
$2.61M
Range $2.35M – $2.87M · ±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
$94 / 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
$38,260
Tax year 2023
Assessed value
$5,520,961
Assessed 2023
Previous assessed
$5,520,961
+0.0% YoY
Effective rate
0.69%
On assessed value
Assessed land
$568,001
Assessed improvement
$4,952,960
Land market value
$568,001
Improvement market value
$4,952,960
Total market value
$5,520,961
Applied tax rate
3,000.0000
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
1984
Heating
NONE
Stories
1
Bathrooms
107
Total area
27,692 SF
Lot
2.4 ac (104,544 SF)
Zoning code
CB-CENTRAL BUSINESS
APN
0501-75-9242
UPID
US53-1520638
Jurisdiction
CUMBERLAND
Zoning & alternative use
CB-CENTRAL BUSINESS · Spring Lake, NC
Zoning CB-CENTRAL BUSINESS · permitted uses
CB-CENTRAL BUSINESS · Spring Lake, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Spring Lake. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1984
Heating
NONE
Stories
1
Bathrooms
107
Lot
2.4 ac
Current owner
From public records · entity-resolved
Sfiri Springlake LLC
Entity
Free & Clear · 4 yrs held
Mailing address
121 BROOKBANK HL PL, CARY, NC 27519-8397
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 19, 2024
—
Shri Springlake LLC
—
Deed
related
$6,000,000 · Peoples Bank
Jul 12, 2021
—
Sfiri Springlake LLC
115 Springlake INC
Deed
—
Jul 12, 2021
$4,005,000
Shri Springlake LLC
115 Springlake INC
Special Warranty Deed
$500,000 · Peoples Bank Sb
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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