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Property profile & analytics
OFF-MARKET
Estimated value
$1,380,000
Hotels
1721 Broadcast St, Gastonia, NC 28052-1821
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US53-0218074
Property summary
AI-generated overview
This 104-key Econo Lodge in Gastonia, NC, presents a compelling investment opportunity. Located on a 4.11-acre lot (APN 100111) in a high-traffic corridor at I-85 and US 321, this two-building, single-story hotel boasts a 65% occupancy rate. Built in 1988 and renovated in 2022, the property offers significant value-add potential through re-flagging or operational enhancements. Its proximity to Charlotte Douglas International Airport (17.4 miles) and Charlotte Uptown (24 miles) ensures strong tourism and business travel appeal. The property benefits from minimal operating expenses and consistent cash flow, generating a strong net operating income (NOI). Surrounding retail amenities include Quiktrip, Zaxby's, Wendy's, Hardee's, Taco Bell, and FedEx. The property is zoned commercial and is offered fee-simple, unencumbered by debt or management contracts. Gastonia's low property taxes and North Carolina's favorable business environment further enhance the investment's attractiveness. This owner-user investment is ideal for those seeking a manageable, profitable hospitality asset in a thriving market. The asking price is $6,160,223.
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1988
Total area
15,744 SF
Lot
4.1 ac (178,596 SF)
Zoning code
MOTL1
APN
100111
UPID
US53-0218074
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
-
Lakeside Lodge Hotel & Motel
-
Red Carpet Inn & Suites Hotel & Motel
-
Universal EV Charging Station Electric Vehicle Charging Station
-
Econo Lodge Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$1.30M
Comparable Approach
Comparable
$1.47M
Blend (final)
Blend
$1.38M
Owner & transaction history
Shivam Krupa INC · 9 yrs held
Shivam Krupa INC
since 2016
7 recorded transactions
Zoning & alternative use
MOTL1 · Gastonia, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.7M
+110.7%
Auto repair, garage
$1.3M
+61.9%
Restaurant
$840,000
+2.4%
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 Gastonia submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Gastonia 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%
$1,400,000
6.5%
$1,295,000
7%
$1,200,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$1,725,000
Change: +111% · Conversion: Difficult
AUTO REPAIR, GARAGE
$1,325,000
Change: +62% · Conversion: Difficult
RESTAURANT
$840,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$1.38M
Range $1.24M – $1.52M · ±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
$88 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$46,159
Tax year 2024
Assessed value
$4,317,950
Assessed 2024
Previous assessed
$4,317,950
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed improvement
$4,317,950
Applied tax rate
180.0000
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
1988
Heating
RADIANT
Cooling
YES
Stories
1
Units
1
Rooms
1
Total area
15,744 SF
Lot
4.1 ac (178,596 SF)
Zoning code
MOTL1
APN
100111
UPID
US53-0218074
Jurisdiction
GASTON
Zoning & alternative use
MOTL1 · Gastonia, NC
Zoning MOTL1 · permitted uses
MOTL1 · Gastonia, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Gastonia. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$1.7M
AUTO REPAIR, GARAGE
Est. value
$1.3M
RESTAURANT
Est. value
$840,000
COMMERCIAL (GENERAL)
AUTO REPAIR, GARAGE
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
1988
Heating
RADIANT
Cooling
Yes
Stories
1
Units
1
Rooms
1
Lot
4.1 ac
Current owner
From public records · entity-resolved
Shivam Krupa INC
Entity
Mailing address
1721 N BROADCAST ST, GASTONIA, NC 28052-1821
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 3, 2021
—
Shivam Krupa INC
—
Deed
related
$2,600,000 · United Bank
Sep 6, 2018
—
Shivam Krupa INC
—
Deed
related
$500,000 · Carolina Trust Bank
Oct 6, 2016
$1,156,000
Shivam Krupa INC
Kruppan LLC
Special Warranty Deed
$968,250 · Carolina Trust Bank
Jul 26, 2010
$1,115,000
Krupran LLC
—
Grant Deed
—
Aug 31, 2009
$1,165,000
Kashi Gastonia LLC
Kashi Gastonia LLC
Grant Deed
related
—
—
—
Krupran LLC
—
Deed Of Trust
related
$810,000 · Square 1 Bk
—
—
Krupran LLC
—
Deed Of Trust
related
$100,000 · Kashi-gastonia LLC
—
—
Krupran LLC
—
Deed Of Trust
related
$1,075,000 · Kashi Gastonia LLC
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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