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Property profile & analytics
OFF-MARKET
Estimated value
$7,305,000
Motels
1815 Frnt St, Durham, NC 27705-2512
Entity Owned
10-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-1616805
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1996
Total area
67,604 SF
Lot
2.9 ac (126,324 SF)
Zoning code
CG(D)
APN
130724
UPID
US53-1616805
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
$5.22M
Comparable Approach
Comparable
$9.39M
Blend (final)
Blend
$7.31M
Owner & transaction history
Lvp Cy Durham LLC · 10 yrs held
Lvp Cy Durham LLC
since 2015
6 recorded transactions
Zoning & alternative use
CG(D) · Durham, 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 Durham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Durham 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%
$5,650,000
6.5%
$5,215,000
7%
$4,845,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$12,105,000
Current use
INDUSTRIAL (GENERAL)
$11,755,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$7.31M
Range $6.57M – $8.04M · ±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
$108 / 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
$208,571
Tax year 2024
Assessed value
$14,952,392
Assessed 2024
Previous assessed
$14,952,392
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$975,500
Assessed improvement
$13,976,892
Land market value
$975,500
Improvement market value
$13,976,892
Total market value
$14,952,392
Applied tax rate
1.0000
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1996
Heating
FORCED AIR
Stories
1
Total area
67,604 SF
Lot
2.9 ac (126,324 SF)
Zoning code
CG(D)
APN
130724
UPID
US53-1616805
Jurisdiction
DURHAM
Zoning & alternative use
CG(D) · Durham, NC
Zoning CG(D) · permitted uses
CG(D) · Durham, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Durham. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$12.1M
INDUSTRIAL (GENERAL)
Est. value
$11.8M
HOTEL/MOTEL Current
INDUSTRIAL (GENERAL)
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
1996
Heating
FORCED AIR
Stories
1
Lot
2.9 ac
Current owner
From public records · entity-resolved
Lvp Cy Durham LLC
Entity
Free & Clear · 10 yrs held
Mailing address
1985 CEDARBRIDGE AVE STE #1, LAKEWOOD, NJ 08701-7031
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 26, 2019
—
Lyp Cy Durham LLC
—
Loan Modification
related
$60,000,000 · Western Alliance Bk
Jul 18, 2016
—
Lvp Cy Durham LLC
—
Deed
related
$60,000,000 · Western Alliance Bank
Oct 1, 2015
—
Lvp Cy Durham LLC
Beischer Susan F
Quit Claim Deed
related
—
May 18, 2015
$16,000,000
Lvp Cy Durham LLC
Awh-bp Durham Hotel LLC
Grant Deed
—
Oct 9, 2013
$10,052,000
Awh-bp Durham Hotel LLC
Largo Spe LLC
Grant Deed
$35,000,000 · Bank Of Nat'l Tr & Svgs
—
—
Awh-bp Durham Hotel LLC
—
Loan Modification
related
$9,200,000 · Bank Of America
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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