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Property profile & analytics
OFF-MARKET
Hotels
1640 City Ctr Blvd Elizabeth City, NC 27909-8952
Entity Owned
19-yr Hold
Free & Clear
Property ID
US53-4130962
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2007
Construction
FRAME
Lot
2.22 ac (96,703 SF)
Zoning code
I-1
APN
890308989806
UPID
US53-4130962
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
-
1640 City Center Blvd Parking Parking Lot & Garage
-
Fairfield Inn & Suites Elizabeth City Hotel & Motel
-
Twiard Funeral Home Social Service Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
City Center West Property Owners As · 19 yrs held
City Center West Property Owners As
since 2006
3 recorded transactions
Zoning & alternative use
I-1 · Elizabeth City, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The I-1 Light Industrial District is primarily intended to accommodate limited manufacturing, warehousing, wholesaling, and related commercial and service activities which have little or no adverse impact upon adjoining properties
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
219.82 ac
Source
Realmo
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 Elizabeth City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elizabeth 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
Assessed value
$7,539,000
Assessed 2023
Previous assessed
$7,539,000
+0.0% YoY
Land market value
$967,000
Improvement market value
$6,572,000
Total market value
$7,539,000
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
2007
Construction
FRAME
Heating
HEAT PUMP
Cooling
CENTRAL
Units
1
Lot
2.22 ac (96,703 SF)
Zoning code
I-1
APN
890308989806
UPID
US53-4130962
Jurisdiction
PASQUOTANK
Zoning & alternative use
I-1 · Elizabeth City, NCZoning I-1 · permitted uses
I-1 · Elizabeth City, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The I-1 Light Industrial District is primarily intended to accommodate limited manufacturing, warehousing, wholesaling, and related commercial and service activities which have little or no adverse impact upon adjoining properties
Zone name
Light Industrial
General category
INDUSTRIAL
Zone area
219.82 ac
Source
Realmo
Building & site characteristics
From public records
Year built
2007
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Units
1
Lot
2.22 ac
Current owner
From public records · entity-resolved
City Center West Property Owners As
Entity
Free & Clear · 19 yrs held
Mailing address
421 MCARTHUR DR STE B, ELIZABETH CITY, NC 27909-4533
Ownership since
2006
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
Sep 2, 2021
—
M&m Hospitality LLC
—
Deed
related
$1,750,000 · Truist Bank
Dec 29, 2006
—
City Center West Property Owners As
Mcmor Development LLC
Deed
—
Nov 30, 2005
—
M & M Hospitality LLC
Mcpherson Investment Comapny LLC
Warranty Deed
—
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
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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