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Property profile & analytics
OFF-MARKET
Estimated value
$2,990,000
Motels
131 Red Roof Dr, Charlotte, NC 28217-8008
Entity Owned
17-yr Hold
~
Est. High Equity
Property ID
US53-0459376
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1984
Total area
35,574 SF
Lot
4.91 ac (213,923 SF)
Zoning code
O-1
APN
16714104
UPID
US53-0459376
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
-
Motel 6 Charlotte, NC - Coliseum Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.55M
Comparable Approach
Comparable
$2.71M
Blend (final)
Blend
$2.99M
Owner & transaction history
Mahavir & Muni INC · 17 yrs held
Mahavir & Muni INC
since 2009
3 recorded transactions
Zoning & alternative use
O-1 · 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%
$2,760,000
6.5%
$2,545,000
7%
$2,365,000
Blend value · Realmo final
$2.99M
Range $2.69M – $3.29M · ±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
$84 / 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
$38,288
Tax year 2023
Assessed value
$5,219,900
Assessed 2024
Previous assessed
$5,285,500
-1.2% YoY
Effective rate
0.73%
On assessed value
Assessed land
$2,009,700
Assessed improvement
$3,210,200
Land market value
$2,009,700
Improvement market value
$3,210,200
Total market value
$5,219,900
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1984
Heating
HEAT PUMP
Cooling
WALL UNIT
Stories
3
Units
110
Total area
35,574 SF
Lot
4.91 ac (213,923 SF)
Zoning code
O-1
APN
16714104
UPID
US53-0459376
Jurisdiction
MECKLENBURG
Zoning & alternative use
O-1 · Charlotte, NC
Zoning O-1 · permitted uses
O-1 · 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
1984
Heating
HEAT PUMP
Cooling
Yes
Stories
3
Units
110
Lot
4.91 ac
Current owner
From public records · entity-resolved
Mahavir & Muni INC
Entity
Mailing address
131 RED ROOF DR, CHARLOTTE, NC 28217-8008
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 12, 2009
$1,575,000
Mahavir & Muni INC
Motel 6 Operating
Grant Deed
$1,740,000 · Excel National Bank
Oct 5, 2007
$4,457,500
Motel 6 Operating
Red Elm LLC
Grant Deed
—
Nov 15, 1999
$3,487,000
Red,elm LLC
Red,roff Inns In
Grant Deed
related
—
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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