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Property profile & analytics
OFF-MARKET
Estimated value
$9,400,000
Hotels
220 Greystone Ln, Lake Toxaway, NC 28747-8560
Entity Owned
1-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-5169334
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1988
Total area
7,764 SF
Lot
1.61 ac (70,132 SF)
APN
8512-89-6791-000
UPID
US53-5169334
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
-
The Greystone Inn Hotel & Motel Resort
-
The Spa at The Greystone Inn Spa & Massage Center
-
The Restaurant at The Greystone Inn Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.40M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$9.40M
Owner & transaction history
Tgi Owner LLC · 1 yrs held
Tgi Owner LLC
since 2024
Last sale
$9.4M
7 recorded transactions
Zoning & alternative use
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 Lake Toxaway submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake Toxaway 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
$9,400,000
ML approach
$9,400,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$9.40M
Range $8.46M – $10.34M · ±10% · vs last sale $9.40M (Sep 11 2024)
Last sale anchor
$9.40M
Sep 11 2024
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
$1,211 / 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
$31,787
Tax year 2024
Assessed value
$4,828,610
Assessed 2024
Previous assessed
$4,828,610
+0.0% YoY
Effective rate
0.66%
On assessed value
Assessed land
$2,500,000
Assessed improvement
$2,328,610
Land market value
$2,500,000
Improvement market value
$2,328,610
Total market value
$4,828,610
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1988
Heating
BASEBOARD
Cooling
CENTRAL
Buildings
5
Bathrooms
3
Total area
7,764 SF
Lot
1.61 ac (70,132 SF)
APN
8512-89-6791-000
UPID
US53-5169334
Jurisdiction
TRANSYLVANIA
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1988
Heating
BASEBOARD
Cooling
Yes
Buildings
5
Bathrooms
3
Lot
1.61 ac
Current owner
From public records · entity-resolved
Tgi Owner LLC
Entity
Free & Clear · 1 yrs held
Mailing address
66 CENTRAL ST SW STE #10, WELLESLEY, MA 02482-5817
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
13 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 11, 2024
$9,400,000
Tgi Owner LLC
Ellis Mountain Management LLC
Special Warranty Deed
—
May 19, 2020
—
Ellis Mountain Management LLC
—
Deed
related
$2,180,364 · First Horizon Bk
May 20, 2019
—
Ellis Mountain Management LLC
NA Greystone LLC
Re-recorded Document
related
—
Jul 3, 2018
—
Ellis Mountain Management LLC
—
Deed
related
$100,000 · Transylvania County
May 16, 2018
—
Ellis Mountain Management LLC
—
Deed
related
$878,530 · Capital Bk
Nov 1, 2017
$2,625,000
Ellis Mountain Management LLC
NA Greystone LLC
Warranty Deed
$1,687,500 · Capital Bank Corporation
Nov 1, 2017
—
Ellis Mountain Management LLC
—
Deed
related
$637,500 · Capital Bank Corporation
—
—
Ellis Mountain Management LLC
—
Loan Modification
related
—
—
—
Ellis Mountain Management LLC
—
Deed Of Trust
related
$1,158,000 · Business Expansion Fndg
—
—
Ellis Mountain Management LLC
—
Deed Of Trust
related
$2,180,364 · First Horizon Bk
—
—
Ellis Mountain Management LLC
—
Deed Of Trust
related
$637,500 · Capital Bk
—
—
Ellis Mountain Management LLC
—
Deed Of Trust
related
$100,000 · Transylvania County
—
—
Ellis Mountain Management LLC
—
Loan Modification
related
$878,530 · Capital Bk
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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