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Property profile & analytics
OFF-MARKET
Estimated value
$1,270,000
Motels
164 Jameson Inn Dr, Forest City, NC 28043-7694
Entity Owned
9-yr Hold
Free & Clear
Property ID
US53-2930919
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1997
Total area
15,106 SF
Lot
1.5 ac (65,340 SF)
Zoning code
C3
APN
1622414
UPID
US53-2930919
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
by Request
CAP Approach
CAP
$1.24M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.27M
Owner & transaction history
Forest City Hotel LLC · 9 yrs held
Forest City Hotel LLC
since 2016
4 recorded transactions
Zoning & alternative use
C3 · Forest City, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage
$1.7M
+15.7%
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 Forest City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Forest City 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%
$1,345,000
6.5%
$1,240,000
7%
$1,155,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,460,000
Current use
AUTO REPAIR, GARAGE
$1,690,000
Change: +16% · Conversion: Difficult
RETAIL STORES
$1,270,000
Change: -13% · Conversion: Difficult
RESTAURANT
$1,200,000
Change: -18% · Conversion: Difficult
MEDICAL BUILDING
$1,175,000
Change: -20% · Conversion: Difficult
Blend value · Realmo final
$1.27M
Range $1.14M – $1.40M · ±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
$84 / 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
$13,592
Tax year 2021
Assessed value
$2,042,100
Assessed 2023
Previous assessed
$2,042,100
+0.0% YoY
Effective rate
0.67%
On assessed value
Assessed land
$427,100
Assessed improvement
$1,615,000
Land market value
$427,100
Improvement market value
$1,615,000
Total market value
$2,042,100
Applied tax rate
4.0000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1997
Heating
OTHER
Cooling
PARTIAL
Buildings
2
Stories
2
Bathrooms
62
Total area
15,106 SF
Lot
1.5 ac (65,340 SF)
Zoning code
C3
APN
1622414
UPID
US53-2930919
Jurisdiction
RUTHERFORD
Zoning & alternative use
C3 · Forest City, NC
Zoning C3 · permitted uses
C3 · Forest City, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Forest City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.7M
RETAIL STORES
Est. value
$1.3M
RESTAURANT
Est. value
$1.2M
MEDICAL BUILDING
Est. value
$1.2M
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
1997
Heating
OTHER
Cooling
Yes
Stories
2
Buildings
2
Bathrooms
62
Lot
1.5 ac
Current owner
From public records · entity-resolved
Forest City Hotel LLC
Entity
Free & Clear · 9 yrs held
Mailing address
164 JAMESON INN DR, FOREST CITY, NC 28043-7694
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
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
Jul 12, 2016
$3,050,000
Forest City Hotel LLC
Colfin Jih Ahi Nc Properties LP
Special Warranty Deed
—
Dec 21, 2012
—
Colfin Jih Ahi Nc Props LP
—
Loan Modification
related
$175,000,000 · Us Bk NA Ser 2006-whale 7 (ce)
Aug 2, 2006
—
Jer Of Jameson Nc Properties
Jameson Inns Financing 01
Quit Claim Deed
related
$175,000 · Wachovia Bank NA
—
—
Colfin Jih Ahi Nc Props LP
—
Deed Of Trust
related
$88,125,000 · Delphi Cre Fndg
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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