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Property profile & analytics
OFF-MARKET
Estimated value
$625,000
Hotels
1470 Thermal City Rd, Union Mills, NC 28167-9008
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-2679692
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2008
Total area
8,662 SF
Lot
1.29 ac (56,192 SF)
APN
1645917
UPID
US53-2679692
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$570k
CAP Approach
CAP
$710k
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$625k
Owner & transaction history
Eric D Wilson · 4 yrs held
Eric D Wilson
since 2021
Last sale
$600,000
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$855,000
+2.5%
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 Union Mills submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Union Mills 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
$650,000
ML approach
$570,000
CAP Approach
CAP Return
Estimation
6%
$770,000
6.5%
$710,000
7%
$660,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$835,000
Current use
AUTO REPAIR, GARAGE
$855,000
Change: +3% · Conversion: Difficult
RETAIL STORES
$825,000
Change: -2% · Conversion: Difficult
RESTAURANT
$815,000
Change: -3% · Conversion: Difficult
MEDICAL BUILDING
$675,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$625k
Range $563k – $688k · ±10% · vs last sale $600k (Nov 10 2021)
Last sale anchor
$600k
Nov 10 2021
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
$72 / 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 2021Property tax & assessments
Tax year 2021
Tax billed
$6,589
Tax year 2021
Assessed value
$1,143,400
Assessed 2023
Previous assessed
$1,143,400
+0.0% YoY
Effective rate
0.58%
On assessed value
Assessed land
$128,000
Assessed improvement
$1,015,400
Land market value
$128,000
Improvement market value
$1,015,400
Total market value
$1,143,400
Applied tax rate
11.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
2008
Heating
HEAT PUMP
Cooling
AC.FAN COOLING
Stories
2
Bathrooms
5
Total area
8,662 SF
Lot
1.29 ac (56,192 SF)
APN
1645917
UPID
US53-2679692
Jurisdiction
RUTHERFORD
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$835,000
AUTO REPAIR, GARAGE
Est. value
$855,000
RETAIL STORES
Est. value
$825,000
RESTAURANT
Est. value
$815,000
MEDICAL BUILDING
Est. value
$675,000
HOTEL/MOTEL Current
AUTO REPAIR, GARAGE
RETAIL STORES
RESTAURANT
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
2008
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Bathrooms
5
Lot
1.29 ac
Current owner
From public records · entity-resolved
Eric D Wilson
Individual
Mailing address
PO BOX 967, CANTON, NC 28716-0967
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 10, 2021
$1,200,000
Eric D Wilson
Thermal City Center LLC
Special Warranty Deed
$600,000 · Thermal City Center LLC
Apr 4, 2016
—
Thermal City Center LLC
Irish Meadows III LLC
Warranty Deed
—
May 23, 2014
$35,640
Irish Meadows III LLC
Commissioner Of Rutherford County
Trustees Deed
related
—
May 27, 2009
—
12 Acre Radio Tower Tract
—
Deed Of Trust
related
$24,000,000 · Queens Gap Hldg Co LLC
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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