New search
Property profile & analytics
OFF-MARKET
Estimated value
$11,070,000
Hotels
151 College Rd, Wilmington, NC 28403-1607
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-5643320
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1985
Construction
CONCRETE
Total area
67,668 SF
Lot
2.61 ac (113,692 SF)
Zoning code
RB,REGIONAL BUSINESS
APN
R04916-003-006-000
UPID
US53-5643320
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
-
Comfort Inn University Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.67M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$11.07M
Owner & transaction history
Port City Partners Nc LLC · 3 yrs held
Port City Partners Nc LLC
since 2022
7 recorded transactions
Zoning & alternative use
RB,REGIONAL BUSINESS · Wilmington, 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 Wilmington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Wilmington 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%
$11,555,000
6.5%
$10,670,000
7%
$9,905,000
Blend value · Realmo final
$11.07M
Range $9.96M – $12.18M · ±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
$164 / 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
$51,493
Tax year 2023
Assessed value
$6,093,800
Assessed 2023
Previous assessed
$6,093,800
+0.0% YoY
Effective rate
0.85%
On assessed value
Assessed land
$1,052,000
Assessed improvement
$5,041,800
Land market value
$1,052,000
Improvement market value
$5,041,800
Total market value
$6,093,800
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
1985
Construction
CONCRETE
Heating
FORCED AIR
Cooling
CENTRAL
Stories
5
Units
148
Total area
67,668 SF
Lot
2.61 ac (113,692 SF)
Zoning code
RB,REGIONAL BUSINESS
APN
R04916-003-006-000
UPID
US53-5643320
Jurisdiction
NEW HANOVER
Zoning & alternative use
RB,REGIONAL BUSINESS · Wilmington, NC
Zoning RB,REGIONAL BUSINESS · permitted uses
RB,REGIONAL BUSINESS · Wilmington, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Wilmington. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1985
Construction
CONCRETE
Heating
FORCED AIR
Cooling
Yes
Stories
5
Units
148
Lot
2.61 ac
Current owner
From public records · entity-resolved
Port City Partners Nc LLC
Entity
Mailing address
4701 TRENT RIV DR, TRENT WOODS, NC 28562-7527
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2022
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
Sep 23, 2022
—
Port City Partners Nc LLC
Shardamaya INC
Warranty Deed
—
Sep 23, 2022
$13,500,000
Port City Partners Nc LLC
Shardamaya INC
Special Warranty Deed
$9,100,000 · Argentic Real Estate Finance LLC
Mar 9, 2016
$5,200,000
Shardamaya INC
Ocean Blue Hotels Of Wilmington L
Grant Deed
$5,040,000 · Carter Bk&tr
Sep 30, 2013
$3,650,000
Ocean Blue Hotels Of Wilmington L
Laxmi Hotels Of Wil LLC
Warranty Deed
—
Sep 30, 2013
—
Ocean Blue Hotels Of Wilmington L
Laxmi Hotels Of Wil LLC
Grant Deed
related
$3,720,000 · Carter Bank & Trust
Jun 25, 2013
$6,033,000
Laximi Hotel Of Wil LLC
Pramukh Properties INC
Deed In Lieu Of Foreclosure
—
Apr 13, 2006
$5,900,000
Pramukh Properties INC
Winston Spe II LLC
Grant Deed
$4,900,000 · Branch Banking & Trust Co
—
—
Pramukh Properties INC
—
Deed Of Trust
related
$5,300,000 · Lasalle National 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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 151 College Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
