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Property profile & analytics
OFF-MARKET
Estimated value
$10,290,000
Hotels
191 Crescentcommons Dr, Cary, NC 27518-2600
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-1032089
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
71,955 SF
Lot
3.14 ac (136,778 SF)
Zoning code
GCP
APN
0762.14-42-2627 0224405
UPID
US53-1032089
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
-
La Quinta Inn & Suites by Wyndham Raleigh Cary Hotel & Motel
-
La'Quinta Inn & Suite Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.43M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.00M
Blend (final)
Blend
$10.29M
Owner & transaction history
Psm Cary LLC · 2 yrs held
Psm Cary LLC
since 2023
Last sale
$10.5M
7 recorded transactions
Zoning & alternative use
GCP · Cary, 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 Cary submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cary 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
$10,010,000
ML approach
$9,430,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$15,040,000
Current use
Blend value · Realmo final
$10.29M
Range $9.26M – $11.32M · ±10% · vs last sale $10.50M (Sep 13 2023)
Last sale anchor
$10.50M
Sep 13 2023
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
$143 / 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
$77,739
Tax year 2023
Assessed value
$7,758,369
Assessed 2023
Previous assessed
$7,758,369
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$1,509,482
Assessed improvement
$6,248,887
Land market value
$1,509,482
Improvement market value
$6,248,887
Total market value
$7,758,369
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
1997
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
5
Units
128
Total area
71,955 SF
Lot
3.14 ac (136,778 SF)
Zoning code
GCP
APN
0762.14-42-2627 0224405
UPID
US53-1032089
Jurisdiction
WAKE
Zoning & alternative use
GCP · Cary, NC
Zoning GCP · permitted uses
GCP · Cary, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cary. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$15.0M
HOTEL/MOTEL Current
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
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
5
Units
128
Lot
3.14 ac
Current owner
From public records · entity-resolved
Psm Cary LLC
Entity
Mailing address
4820 NATIONS XING RD STE D101, CHARLOTTE, NC 28217-1878
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 13, 2023
$10,500,000
Psm Cary LLC
Cavalier North Carolina LP
Special Warranty Deed
$5,000,000 · Gbank
Sep 13, 2023
—
Psm Cary LLC
—
Deed
related
$3,872,578 · Gbank
Mar 10, 2023
—
Cavalier North Carolina LP
—
Deed
related
$625,000,000 · Deutsche Bank National Trust Co
Mar 11, 2022
—
Cavalier North Carolina LP
Cplg Properties LLC
Special Warranty Deed
$104,020,000 · Deutsche Bank National Trust Co
Jun 1, 2018
—
Cplg Properties LLC
—
Deed
related
—
Aug 13, 2007
—
Bre Of Lq Properties LLC
—
Deed Of Trust
related
—
Dec 15, 2006
—
Bre Of Lq Properties LLC
—
Deed Of Trust
related
$185,000,000 · * Other Institutional Lenders
Mar 15, 2006
—
Bre Of Lq Properties LLC
Laquinta Properties INC
Grant Deed
related
—
—
—
Bre Of Lq Properties LLC
—
Deed Of Trust
related
—
—
—
Cplg Properties LLC
—
Deed Of Trust
related
—
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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