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Property profile & analytics
OFF-MARKET
Estimated value
$12,275,000
Motels
1206 Cole Ml Rd, Durham, NC 27705-2902
Entity Owned
6-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-1293684
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1960
Total area
130,550 SF
Lot
4.07 ac (177,289 SF)
Zoning code
I
APN
124861
UPID
US53-1293684
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
-
EVPassport Charging Station Electric Vehicle Charging Station
-
koskinen field College
-
Hampton Inn & Suites Durham University Medical Center Hotel & Motel
-
Home2 Suites By Hilton Durham University Medical Center Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.08M
Comparable Approach
Comparable
$11.49M
Blend (final)
Blend
$12.28M
Owner & transaction history
Cole Mill Hotel INC · 6 yrs held
Cole Mill Hotel INC
since 2020
3 recorded transactions
Zoning & alternative use
I · Durham, 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 Durham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Durham 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%
$10,915,000
6.5%
$10,075,000
7%
$9,355,000
Blend value · Realmo final
$12.28M
Range $11.05M – $13.50M · ±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 2024Property tax & assessments
Tax year 2024
Tax billed
$251,427
Tax year 2024
Assessed value
$18,024,745
Assessed 2024
Previous assessed
$18,024,745
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$1,267,500
Assessed improvement
$16,757,245
Land market value
$1,267,500
Improvement market value
$16,757,245
Total market value
$18,024,745
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1960
Heating
NONE
Cooling
YES
Stories
1
Total area
130,550 SF
Lot
4.07 ac (177,289 SF)
Zoning code
I
APN
124861
UPID
US53-1293684
Jurisdiction
DURHAM
Zoning & alternative use
I · Durham, NC
Zoning I · permitted uses
I · Durham, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Durham. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1960
Heating
NONE
Cooling
Yes
Stories
1
Lot
4.07 ac
Current owner
From public records · entity-resolved
Cole Mill Hotel INC
Entity
Free & Clear · 6 yrs held
Mailing address
5920 S MIAMI BLVD STE #102, MORRISVILLE, NC 27560-8305
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2020
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
Jun 30, 2021
—
Cole Mill Hotel INC
—
Deed
related
$24,034,600 · First Citizens Bank & Trust Co
Feb 19, 2020
$3,787,000
Cole Mill Hotel INC
Holmes Cole Mill LLC
Grant Deed
—
Oct 20, 2016
$5,100,000
Holmes Cole Mill LLC
Miller R/e Co Of Durham INC
Grant Deed
—
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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