New search
Property profile & analytics
OFF-MARKET
Estimated value
$5,475,000
Hotels
1525 Cotton Grv Rd, Lexington, NC 27292-5713
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US53-3443485
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2003
Construction
FRAME
Total area
31,140 SF
Lot
2.92 ac (127,195 SF)
Zoning code
B
APN
11-347-0-000-0036-A
UPID
US53-3443485
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 & Suites Hotel & Motel
-
North Carolina Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$5.48M
Owner & transaction history
Ics Hospitality LLC · 1 yrs held
Ics Hospitality LLC
since 2025
Last sale
$5.5M
7 recorded transactions
Zoning & alternative use
B · Lexington, 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 Lexington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lexington 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
RESTAURANT
$6,060,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$5.48M
Range $4.93M – $6.02M · ±10% · vs last sale $5.48M (Oct 7 2024)
Last sale anchor
$5.48M
Oct 7 2024
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
$176 / 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
$28,688
Tax year 2023
Assessed value
$2,189,930
Assessed 2023
Previous assessed
$1,991,840
+9.9% YoY
Effective rate
1.31%
On assessed value
Land market value
$474,500
Improvement market value
$1,715,430
Total market value
$2,189,930
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
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
2003
Construction
FRAME
Heating
FORCED AIR
Cooling
WALL UNIT
Stories
3
Units
53
Total area
31,140 SF
Lot
2.92 ac (127,195 SF)
Zoning code
B
APN
11-347-0-000-0036-A
UPID
US53-3443485
Jurisdiction
DAVIDSON
Zoning & alternative use
B · Lexington, NC
Zoning B · permitted uses
B · Lexington, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lexington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$6.1M
RESTAURANT
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
2003
Construction
FRAME
Heating
FORCED AIR
Cooling
Yes
Stories
3
Units
53
Lot
2.92 ac
Current owner
From public records · entity-resolved
Ics Hospitality LLC
Entity
Mailing address
4820 NATIONS XING RD STE D101, CHARLOTTE, NC 28217-1878
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 7, 2025
$5,475,000
Ics Hospitality LLC
1525 Lexington INC
Special Warranty Deed
$4,388,000 · Gbank
Dec 5, 2024
—
1525 Lexington INC
—
Deed
related
$2,200,000 · Prestige Real Holding LLC
Mar 9, 2022
—
1525 Lexington INC
1535 Lexington INC
Intrafamily Transfer
related
$2,250,000 · Uwharrie Bank
Oct 28, 2021
—
1535 Lexington INC
—
Deed
related
$1,700,000 · Prestige Real Holding LLC
Oct 11, 2007
—
Motel Sleepers INC
—
Trustees Deed
related
$126,682 · One Bank & Trust
—
—
Motel Sleepers INC
—
Deed Of Trust
related
$2,550,000 · Centennial Bank
—
—
Motel Sleepers INC
—
Deed Of Trust
related
$2,341,568 · Centennial 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 1525 Cotton Grv 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.
