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Property profile & analytics
OFF-MARKET
Estimated value
$6,650,000
Hotels
16508 Northcross Dr Huntersville, NC 28078-5081
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-1642953
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2000
Total area
37,398 SF
Lot
2.45 ac (106,809 SF)
Zoning code
CB(CD)
APN
536108
UPID
US53-1642953
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
-
Four Points by Sheraton Charlotte - Lake Norman Hotel & Motel
-
Huntersville Inn & Suites Lake Norman Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.65M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.87M
Blend (final)
Blend
$6.65M
Owner & transaction history
Huntersville Lodging LLC · 1 yrs held
Huntersville Lodging LLC
since 2024
Last sale
$6.7M
7 recorded transactions
Zoning & alternative use
CB(CD) · Huntersville, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$10.8M
+84.9%
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 Huntersville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Huntersville 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
$6,650,000
ML approach
$6,650,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$5,835,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$10,790,000
Change: +85% · Conversion: Difficult
Blend value · Realmo final
$6.65M
Range $5.99M – $7.32M · ±10% · vs last sale $6.65M (Oct 10 2024)
Last sale anchor
$6.65M
Oct 10 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
$178 / 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
$68,483
Tax year 2023
Assessed value
$10,550,400
Assessed 2024
Previous assessed
$10,550,400
+0.0% YoY
Effective rate
0.65%
On assessed value
Assessed land
$1,992,900
Assessed improvement
$8,557,500
Land market value
$1,992,900
Improvement market value
$8,557,500
Total market value
$10,550,400
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
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
2000
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Units
107
Total area
37,398 SF
Lot
2.45 ac (106,809 SF)
Zoning code
CB(CD)
APN
536108
UPID
US53-1642953
Jurisdiction
MECKLENBURG
Zoning & alternative use
CB(CD) · Huntersville, NC
Zoning CB(CD) · permitted uses
CB(CD) · Huntersville, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Huntersville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$5.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$10.8M
HOTEL/MOTEL Current
NEIGHBORHOOD: SHOPPING CENTER
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
2000
Heating
FORCED AIR
Cooling
Yes
Stories
3
Units
107
Lot
2.45 ac
Current owner
From public records · entity-resolved
Huntersville Lodging LLC
Entity
Mailing address
1108 WESTLAND GDNS BLVD STE #1690, KNOXVILLE, TN 37922-5305
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Oct 10, 2024
$6,650,000
Huntersville Lodging LLC
Huntersville Hotel Property LLC
Deed
$6,862,500 · Huntersville Hotel Property LLC
Mar 3, 2023
$11,913,000
Huntersville Hotel Property LLC
Lake Norman Nia LLC
Trustees Deed
related
—
Jul 2, 2019
$12,075,000
Lake Norman Nia LLC
Opal Hotel Partners LLC
Grant Deed
$11,000,000 · Four Points Huntersville Loan
Oct 21, 2016
—
Opal Hospitality LLC
—
Deed Of Trust
related
$6,750,000 · Private Individual
Sep 2, 2011
$3,200,000
Opal Hospitality LLC
Simpson,david A JR
Trustees Deed
related
—
—
—
Carolina Hotel Assocs Of Lake Nor
—
Deed Of Trust
related
$4,250,000 · Bridger Commercial Funding LLC
—
—
Opal Hospitality LLC
—
Deed Of Trust
related
$3,000,000 · Aquesta 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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