New search
Property profile & analytics
OFF-MARKET
Estimated value
$6,075,000
Hotels
2001 Mt Harmony Ch Rd Matthews, NC 28104-4113
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US53-1843172
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2001
Total area
39,186 SF
Lot
1.92 ac (83,635 SF)
Zoning code
I-2(CD)
APN
21509221
UPID
US53-1843172
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
$6.80M
CAP Approach
CAP
$3.65M
Comparable Approach
Comparable
$5.50M
Blend (final)
Blend
$6.08M
Owner & transaction history
De Novo Hospitality LLC · 6 yrs held
De Novo Hospitality LLC
since 2020
Last sale
$5.8M
3 recorded transactions
Zoning & alternative use
I-2(CD) · Matthews, 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 Matthews submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Matthews 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
$6,590,000
ML approach
$6,795,000
CAP Approach
CAP Return
Estimation
6%
$3,955,000
6.5%
$3,650,000
7%
$3,390,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$6,115,000
Current use
Blend value · Realmo final
$6.08M
Range $5.47M – $6.68M · ±10% · vs last sale $5.75M (Jan 2 2020)
Last sale anchor
$5.75M
Jan 2 2020
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
$155 / 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
$39,764
Tax year 2023
Assessed value
$5,376,400
Assessed 2024
Previous assessed
$5,436,500
-1.1% YoY
Effective rate
0.74%
On assessed value
Assessed land
$660,800
Assessed improvement
$4,715,600
Land market value
$660,800
Improvement market value
$4,715,600
Total market value
$5,376,400
Applied tax rate
19.0000
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
2001
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Units
72
Total area
39,186 SF
Lot
1.92 ac (83,635 SF)
Zoning code
I-2(CD)
APN
21509221
UPID
US53-1843172
Jurisdiction
MECKLENBURG
Zoning & alternative use
I-2(CD) · Matthews, NC
Zoning I-2(CD) · permitted uses
I-2(CD) · Matthews, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Matthews. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$6.1M
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
2001
Heating
FORCED AIR
Cooling
Yes
Stories
3
Units
72
Lot
1.92 ac
Current owner
From public records · entity-resolved
De Novo Hospitality LLC
Entity
Mailing address
2001 MT HARMONY CH RD, MATTHEWS, NC 28104-4113
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 2, 2020
$5,750,000
De Novo Hospitality LLC
Sunshine Hotels & Investments LLC
Warranty Deed
$4,094,160 · Community First Bank
Dec 15, 2015
$3,760,000
Sunshine Hotels & Invs LLC
Cevina LLC
Warranty Deed
$3,467,000 · West Town Bk&tr
—
—
Cevina LLC
—
Deed Of Trust
related
$2,289,862 · General Electric Capital Corp
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 2001 Mt Harmony Ch Rd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
