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Property profile & analytics
OFF-MARKET
Estimated value
$1,130,000
Hotels
142 Cleveland Xing Dr, Garner, NC 27529-7790
Entity Owned
16-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-1292096
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2009
Total area
50,752 SF
Lot
2.11 ac (91,912 SF)
Zoning code
COM
APN
06E02008J
UPID
US53-1292096
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
-
WoodSpring Suites Raleigh Garner Hotel & Motel Vacation Rental
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.29M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$966k
Blend (final)
Blend
$1.13M
Owner & transaction history
Mm Vaibhav Laxmi LLC · 16 yrs held
Mm Vaibhav Laxmi LLC
since 2010
7 recorded transactions
Zoning & alternative use
COM · Garner, 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 Garner submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Garner 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
$1,290,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,105,000
Current use
Blend value · Realmo final
$1.13M
Range $1.02M – $1.24M · ±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
$22 / 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
$30,133
Tax year 2024
Assessed value
$3,720,160
Assessed 2024
Previous assessed
$3,720,160
+0.0% YoY
Effective rate
0.81%
On assessed value
Assessed land
$541,890
Assessed improvement
$3,178,270
Land market value
$541,890
Improvement market value
$3,178,270
Total market value
$3,720,160
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/MOTEL
Status
Off-Market
Year built
2009
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
3
Units
121
Total area
50,752 SF
Lot
2.11 ac (91,912 SF)
Zoning code
COM
APN
06E02008J
UPID
US53-1292096
Jurisdiction
JOHNSTON
Zoning & alternative use
COM · Garner, NC
Zoning COM · permitted uses
COM · Garner, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Garner. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$1.1M
HOTEL/MOTEL Current
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
2009
Heating
HEAT PUMP
Cooling
Yes
Stories
3
Units
121
Lot
2.11 ac
Current owner
From public records · entity-resolved
Mm Vaibhav Laxmi LLC
Entity
Mailing address
126 CLEVELAND XING DR, GARNER, NC 27529-7790
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 9, 2019
—
Mm Vaibhavlaxmi LLC
—
Deed
related
$2,393,207 · Branch Bk&tr
Jul 12, 2010
—
Mm Vaibhav Laxmi LLC
—
Trustees Deed
related
$300,000 · Yogesh & Ragini Sanghvi
May 11, 2010
$120,000
Mm Vaibhav Laxmi LLC
Thoroughbred Props Garner LLC
Grant Deed
$1,400,000 · National Republic Bank Chicago
Sep 4, 2009
$3,035,352
Thoroughbred Props Garner LLC
Glass Philip A
Trustees Deed
related
—
Feb 6, 2007
—
Sunridge Raleigh Durham Ta1 LLC
Sun Ridge Holdings LLC
Warranty Deed
—
Aug 11, 2006
—
Sun Ridge Holdings LLC
Sunridge Raleigh-durham Tai Ll
Warranty Deed
related
$392,000 · First Nat'l Bk/johnson
Feb 9, 2006
$483,000
Raleigh-durham Ta I L Sunridge
Moore & Moore LLC
Warranty Deed
—
—
—
Mm Vaibhavlaxmi LLC
—
Deed Of Trust
related
$2,000,000 · Community South Bank
—
—
Mm Vaibhav Laxmi LLC
—
Deed Of Trust
related
$700,000 · National Republic Bank Chicago
—
—
Mm Vaibhavlaxmi LLC
—
Deed Of Trust
related
$2,393,207 · Branch Bk&tr
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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