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Property profile & analytics
OFF-MARKET
Motels
205 Commercial Dr, Forest City, NC 28043-2852
Individually Owned
1-yr Hold
Free & Clear
Property ID
US53-2493256
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1990
Total area
12,208 SF
Lot
2.68 ac (116,741 SF)
Zoning code
C3
APN
1641904
UPID
US53-2493256
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
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Michelle Patel Kayle · 1 yrs held
Michelle Patel Kayle
since 2024
Last sale
$56,000
7 recorded transactions
Zoning & alternative use
C3 · Forest City, 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 Forest City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Forest City 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$24,724
Tax year 2023
Assessed value
$2,318,400
Assessed 2024
Previous assessed
$2,318,400
+0.0% YoY
Effective rate
1.07%
On assessed value
Assessed land
$475,100
Assessed improvement
$1,843,300
Land market value
$475,100
Improvement market value
$1,843,300
Total market value
$2,318,400
Applied tax rate
4.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
1990
Heating
OTHER
Cooling
PARTIAL
Buildings
2
Stories
2
Bathrooms
66
Total area
12,208 SF
Lot
2.68 ac (116,741 SF)
Zoning code
C3
APN
1641904
UPID
US53-2493256
Jurisdiction
RUTHERFORD
Zoning & alternative use
C3 · Forest City, NC
Zoning C3 · permitted uses
C3 · Forest City, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Forest City. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1990
Heating
OTHER
Cooling
Yes
Stories
2
Buildings
2
Bathrooms
66
Lot
2.68 ac
Current owner
From public records · entity-resolved
Michelle Patel Kayle
Individual
Free & Clear · 1 yrs held
Mailing address
205 COMMERCIAL DR, FALLS CHURCH, VA 22043
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2024
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
Sep 5, 2024
$56,000
Michelle Patel Kayle
Eldon Maurice Bliek
Warranty Deed
—
Jun 12, 2024
—
Hanumankrupa INC
—
Deed
related
$2,500,000 · Southern Bank
Mar 15, 2022
$2,925,000
Hanumankrupa INC
Vidiashi Corp
Special Warranty Deed
$2,480,000 · Bank Of George
Apr 7, 2017
$2,000,000
Vidiashi Corp
Welcome Stay Forest INC
Grant Deed
$1,433,000 · Bank Of George
Nov 22, 2016
$1,475,000
Welcome Stay Forest INC
Ekta LLC
Grant Deed
—
Feb 29, 2016
$1,200,000
Ekta LLC
Shree Shivam LLC
Warranty Deed
$70,000 · Amratlal R Patel
May 8, 2008
$2,100,000
Shree Shivam LLC
Blanton Investment Props LLC
Warranty Deed
$1,785,000 · Palmetto Bank
—
—
Shree Shivam LLC
—
Deed Of Trust
related
$79,000 · Palmetto 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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