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Property profile & analytics
OFF-MARKET
Estimated value
$4,380,000
Hotels
131 Mccullough Dr Charlotte, NC 28262-3306
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US53-5589179
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2001
Total area
59,301 SF
Lot
2.96 ac (128,763 SF)
Zoning code
O1CD
APN
4933134
UPID
US53-5589179
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
-
Country Inn & Suites by Radisson, Charlotte University Place, NC Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.25M
Comparable Approach
Comparable
$3.97M
Blend (final)
Blend
$4.38M
Owner & transaction history
Mccullough 131 LLC · 7 yrs held
Mccullough 131 LLC
since 2018
7 recorded transactions
Zoning & alternative use
O1CD · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,595,000
6.5%
$4,245,000
7%
$3,940,000
Blend value · Realmo final
$4.38M
Range $3.94M – $4.82M · ±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
$74 / 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
$57,626
Tax year 2023
Assessed value
$7,856,300
Assessed 2024
Previous assessed
$7,923,800
-0.9% YoY
Effective rate
0.73%
On assessed value
Assessed land
$1,995,900
Assessed improvement
$5,860,400
Land market value
$1,995,900
Improvement market value
$5,860,400
Total market value
$7,856,300
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
2001
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Units
100
Rooms
30
Total area
59,301 SF
Lot
2.96 ac (128,763 SF)
Zoning code
O1CD
APN
4933134
UPID
US53-5589179
Jurisdiction
MECKLENBURG
Zoning & alternative use
O1CD · Charlotte, NC
Zoning O1CD · permitted uses
O1CD · 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
2001
Heating
FORCED AIR
Cooling
Yes
Stories
3
Units
100
Rooms
30
Lot
2.96 ac
Current owner
From public records · entity-resolved
Mccullough 131 LLC
Entity
Mailing address
131 MCCULLOUGH DR, CHARLOTTE, NC 28262-3306
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 21, 2018
$4,750,000
Mccullough 131 LLC
Larry Patel 2018 Irrev Trust
Warranty Deed
$5,437,500 · Branch Bk&tr
Dec 21, 2018
—
Patel,larry 2018 Trust
Raj Motel LLC
Warranty Deed
—
Nov 4, 2014
—
Raj Motel LLC
—
Grant Deed
related
$3,250,000 · Morgan Stanley Pvt Bk NA
Jun 12, 2014
$4,800,000
Raj Motel LLC
Sns Hospitality LLC
Warranty Deed
—
May 16, 2008
$5,300,000
Sns Hospitality LLC
Cis Associates LLC
Grant Deed
$6,600,000 · Piedmont Bank
Oct 3, 2006
$4,150,000
Cis Associates LLC
General Electric Credit Equities In
Special Warranty Deed
$2,730,000 · Commerce Bank-harrisburg NA
Feb 17, 2004
$3,500,000
Electric Credit Equiti
Ameri-tel INC
Grant Deed
related
—
—
—
Sns Hospitality LLC
—
Deed Of Trust
related
$6,600,000 · Piedmont Bank
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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