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Property profile & analytics
OFF-MARKET
Estimated value
$1,720,000
Hotels
1520 Blue Rdg Rd, Raleigh, NC 27607-3906
Entity Owned
7-yr Hold
~
Est. High Equity
Property ID
US53-3829937
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1986
Construction
BRICK
Total area
11,823 SF
Lot
3.71 ac (161,608 SF)
Zoning code
OX-12
APN
0784.11-76-2781 0046782
UPID
US53-3829937
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
-
CBC North Lot University
-
Carolina FiberFest Association Or Organization
-
Ramada by Wyndham Raleigh Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.42M
Comparable Approach
Comparable
$1.68M
Blend (final)
Blend
$1.72M
Owner & transaction history
Sri Viswamji LLC · 7 yrs held
Sri Viswamji LLC
since 2019
3 recorded transactions
Zoning & alternative use
OX-12 · Raleigh, 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 Raleigh submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Raleigh 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%
$1,530,000
6.5%
$1,415,000
7%
$1,315,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$2,460,000
Current use
Blend value · Realmo final
$1.72M
Range $1.55M – $1.89M · ±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
$145 / 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
$81,765
Tax year 2023
Assessed value
$7,501,342
Assessed 2023
Previous assessed
$7,501,342
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$1,454,472
Assessed improvement
$6,046,870
Land market value
$1,454,472
Improvement market value
$6,046,870
Total market value
$7,501,342
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
1986
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Buildings
5
Stories
1
Units
123
Total area
11,823 SF
Lot
3.71 ac (161,608 SF)
Zoning code
OX-12
APN
0784.11-76-2781 0046782
UPID
US53-3829937
Jurisdiction
WAKE
Zoning & alternative use
OX-12 · Raleigh, NC
Zoning OX-12 · permitted uses
OX-12 · Raleigh, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Raleigh. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$2.5M
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
1986
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
5
Units
123
Lot
3.71 ac
Current owner
From public records · entity-resolved
Sri Viswamji LLC
Entity
Mailing address
1520 BLUE RDG RD, RALEIGH, NC 27607-3906
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
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 25, 2019
—
Sri Viswamji LLC
Sri Gurudev Datta LLC
Quit Claim Deed
related
$4,500,000 · Farmers & Merchants Nat'l Bk
Aug 6, 2013
$4,453,000
Sri Gurudev Datta LLC
Pmc INC
Grant Deed
$3,850,000 · Business Carolina
—
—
Pmc INC
—
Deed Of Trust
related
$1,121,969 · Patriot St 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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