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    Property profile & analytics

    123 Mccullough Dr Charlotte, NC 28262-3306

    • Motels
    • 37,623 SF
    • 2.29 lot acres
    OFF-MARKET
    Value Estimation
    $5,935,000
    Last Sale
    Dec 21, 2023
    $5,638,500
    Location Intelligence
    Property ID
    US53-2088996
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Vivo Living Charlotte University / Apartment Complex
    • Studio Plus Charlotte - University Place / Hotel

    Property Details for 123 Mccullough Dr

    Year built
    1996
    Lot size
    2.29 lot acres
    Property size
    37,623 SF
    Zone code
    TOD-TR
    Property type
    Motels
    APN
    4933133
    APU
    4933133

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $6,030,000

    • CAP approach

      CAP return
      Estimation
      6%
      $5,120,000
      6.5%
      $6,130,000
      7%
      $5,410,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $6,260,000
      Geo Method
      $5,190,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $5,505,000
      Retail
      $5,240,000
      Mixed-Use
      $5,465,000
      Hospitality
      $6,490,000
      Educational
      $4,825,000
      Residential Income
      $6,070,000
      Energy
      $5,545,000
      Income-Based Land
      $5,970,000
      Food Service
      $6,545,000

    Location Insight

    • Map
    • Local Demand
    City
    Charlotte
    County
    Mecklenburg
    State
    North Carolina
    Longitude
    -80.7515
    Latitude
    35.3
    CBSA code
    16740
    CBSA name
    CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $23,966
    $1,642,600
    $1,624,700
    $3,267,300
    -
    $1,642,600
    $1,624,700
    $3,267,300

    Comparable in this City

    • Value Estimation by Request
      42,526 SF

      5415 Equipment Dr

      MOTEL • 42,526 SF
      5415 Equipment Dr, Charlotte, NC 28262-5004
      View Details
    • Value Estimation by Request
      37,719 SF

      7706 Tryon St

      MOTEL • 37,719 SF
      7706 Tryon St, Charlotte, NC 28262-3496
      View Details
    • Value Estimation
      $8,625,000
      55,448 SF

      8710 Research Dr

      MOTEL • 55,448 SF
      8710 Research Dr, Charlotte, NC 28262-8570
      View Details
    • Value Estimation by Request
      43,948 SF

      8517 Tryon St

      MOTEL • 43,948 SF
      8517 Tryon St, Charlotte, NC 28262
      View Details
    • Value Estimation
      $3,700,000
      24,477 SF

      1416 Sugar Crk Rd

      MOTEL • 24,477 SF
      1416 Sugar Crk Rd, Charlotte, NC 28262-4942
      View Details
    • Value Estimation
      $800,000
      0.57 Acres

      Charlotte, NC 28262

      HOTEL/MOTEL • 0.57 Acres
      Charlotte, NC 28262
      View Details

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    Similar Nearby for Lease

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      Prime Retail Space in University area
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      Office Space in Kings Crossing

      Office space available for immediate lease in Charlotte, NC.
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      Industrial Space with Vacant Land

      5,600 SF industrial space with auxiliary land available for rent.
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      Retail Space Near Major Retailers

      20,230 SF retail space with high visibility and access.
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    • Contact for pricing
      11,495 SF

      University City Blvd Office Space

      Modern Office Suites near Light Rail
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      View Details

    Property Visit Statistics

    • Visits by month
      2.8k
    • Visitors by month
      2.8k
    • Avg Time on site
      29 min
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    Charlotte, NC 28262-3306
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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