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Property profile & analytics
OFF-MARKET
Estimated value
$8,580,000
Motels
1920 Ivy Crk Blvd, Durham, NC 27707-3455
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-1530387
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1997
Total area
50,594 SF
Lot
3.6 ac (156,816 SF)
Zoning code
OI(D)
APN
137006
UPID
US53-1530387
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
-
Vivo Living Ivy Creek Apartment Complex
-
Hotel party Hotel & Motel
-
Extended Stay America Select Suites - Durham - University - Ivy Creek Blvd. Hotel & Motel Vacation Rental
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.98M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.92M
Blend (final)
Blend
$8.58M
Owner & transaction history
Twb Esa LLC · 1 yrs held
Twb Esa LLC
since 2025
Last sale
$8.0M
6 recorded transactions
Zoning & alternative use
OI(D) · Durham, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$12.4M
+37.3%
Commercial (general)
$12.3M
+35.4%
Office building
$9.2M
+1.2%
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
$9,980,000
ML approach
$9,980,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$9,060,000
Current use
RETAIL STORES
$12,435,000
Change: +37% · Conversion: Difficult
COMMERCIAL (GENERAL)
$12,260,000
Change: +35% · Conversion: Difficult
OFFICE BUILDING
$9,165,000
Change: +1% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$8,795,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$8.58M
Range $7.72M – $9.44M · ±10% · vs last sale $8.01M (Dec 21 2023)
Last sale anchor
$8.01M
Dec 21 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
$170 / 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
$65,539
Tax year 2024
Assessed value
$4,698,507
Assessed 2024
Previous assessed
$4,698,507
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$859,085
Assessed improvement
$3,839,422
Land market value
$859,085
Improvement market value
$3,839,422
Total market value
$4,698,507
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
1997
Heating
FLOOR/WALL FURNACE
Cooling
YES
Stories
2
Total area
50,594 SF
Lot
3.6 ac (156,816 SF)
Zoning code
OI(D)
APN
137006
UPID
US53-1530387
Jurisdiction
DURHAM
Zoning & alternative use
OI(D) · Durham, NC
Zoning OI(D) · permitted uses
OI(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
$9.1M
RETAIL STORES
Est. value
$12.4M
COMMERCIAL (GENERAL)
Est. value
$12.3M
OFFICE BUILDING
Est. value
$9.2M
INDUSTRIAL (GENERAL)
Est. value
$8.8M
HOTEL/MOTEL Current
RETAIL STORES
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
1997
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
2
Lot
3.6 ac
Current owner
From public records · entity-resolved
Twb Esa LLC
Entity
Free & Clear · 1 yrs held
Mailing address
13024 W BALLANTYNE CORPORATE PL STE #1000, CHARLOTTE, NC 28277-0496
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2025
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
Mar 27, 2026
—
Iriil Esa LLC
—
Deed
related
$11,152,000 · Genesis Capital LLC
Jun 26, 2025
$218,500
Twb Esa LLC
Rei Esa LLC
Special Warranty Deed
—
Dec 21, 2023
$8,010,000
Iri II Esa LLC
Esa P Portfolio LLC
Special Warranty Deed
$43,400,000 · Keystone National Group LLC
Jun 22, 2021
—
Esa P Portfolio LLC
—
Deed
related
—
Dec 6, 2012
—
Esa P Portfolio LLC
—
Deed Of Trust
related
—
Oct 21, 2010
—
Esa P Portfolio LLC
—
Deed Of Trust
related
$2,000,000,000 · J P Morgan Chase Bank
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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