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Property profile & analytics
OFF-MARKET
Estimated value
$4,885,000
Motels
1415 Tunl Rd, Asheville, NC 28805-2803
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US53-1435658
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1989
Construction
WOOD FRAME
Total area
14,952 SF
Lot
4.22 ac (183,823 SF)
Zoning code
DEED DATE:08/09/2019 DEED
APN
9678-05-2014-00000
UPID
US53-1435658
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
-
Super 8 by Wyndham Asheville/Biltmore Hotel & Motel
-
Asheville, NC Hotel & Motel
-
Motel 6 Asheville Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.88M
Blend (final)
Blend
$4.89M
Owner & transaction history
Lucky Hotel INC · 6 yrs held
Lucky Hotel INC
since 2019
6 recorded transactions
Zoning & alternative use
DEED DATE:08/09/2019 DEED · Asheville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$5.6M
+38.9%
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 Asheville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Asheville 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$4,035,000
Current use
RESTAURANT
$5,605,000
Change: +39% · Conversion: Difficult
AUTO REPAIR, GARAGE
$3,830,000
Change: -5% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,605,000
Change: -11% · Conversion: Difficult
MEDICAL BUILDING
$3,375,000
Change: -16% · Conversion: Difficult
Blend value · Realmo final
$4.89M
Range $4.40M – $5.37M · ±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
$327 / 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
$39,027
Tax year 2024
Assessed value
$4,210,500
Assessed 2024
Previous assessed
$4,210,500
+0.0% YoY
Effective rate
0.93%
On assessed value
Land market value
$1,408,300
Improvement market value
$2,802,200
Total market value
$4,210,500
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
1989
Construction
WOOD FRAME
Heating
NONE
Cooling
YES
Buildings
3
Stories
1
Total area
14,952 SF
Lot
4.22 ac (183,823 SF)
Zoning code
DEED DATE:08/09/2019 DEED
APN
9678-05-2014-00000
UPID
US53-1435658
Jurisdiction
BUNCOMBE
Zoning & alternative use
DEED DATE:08/09/2019 DEED · Asheville, NC
Zoning DEED DATE:08/09/2019 DEED · permitted uses
DEED DATE:08/09/2019 DEED · Asheville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Asheville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$4.0M
RESTAURANT
Est. value
$5.6M
AUTO REPAIR, GARAGE
Est. value
$3.8M
COMMERCIAL (GENERAL)
Est. value
$3.6M
MEDICAL BUILDING
Est. value
$3.4M
HOTEL/MOTEL Current
RESTAURANT
AUTO REPAIR, GARAGE
COMMERCIAL (GENERAL)
MEDICAL BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1989
Construction
WOOD FRAME
Heating
NONE
Cooling
Yes
Stories
1
Buildings
3
Lot
4.22 ac
Current owner
From public records · entity-resolved
Lucky Hotel INC
Entity
Mailing address
1415 TUNL RD, ASHEVILLE, NC 28805-2803
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 25, 2023
—
Lucky Hotel INC
—
Deed
related
$4,267,800 · John C Markey II
Aug 9, 2019
$4,450,000
Lucky Hotel INC
Balaji Hotel INC
Grant Deed
$4,350,000 · Bank Of George
Jan 11, 2019
$2,150,000
Balaji Hotel INC
G6 Hospitality Property LLC
Special Warranty Deed
$1,950,000 · Prestige Real Holding LLC
Aug 10, 2017
—
G6 Hospitality Property LLC
—
Deed
related
$201,000,000 · Deutsche Bank National Trust Co
Nov 6, 2012
$297,800
G6 Hospitality Properites LLC
Motel 6 Operating LP
Limited Warranty Deed
—
—
—
G6 Hospitality Property LLC
—
Deed Of Trust
related
$1,800,000,000 · Jp Morgan Chase Bk
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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