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Property profile & analytics
OFF-MARKET
Estimated value
$12,680,000
Hotels
2220 Tyvola Rd Charlotte, NC 28217-4539
Entity Owned
8-yr Hold
Free & Clear
Property ID
US53-3952493
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2016
Total area
132,760 SF
Lot
2.92 ac (127,195 SF)
Zoning code
MUDD-O
APN
14313111
UPID
US53-3952493
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
-
Fairfield Inn & Suites Charlotte Airport Hotel & Motel
-
Charlotte City Park Apartment Complex
-
Swimming Pool Swimming Pool Hardware & Home Improvement
-
Residence Inn Charlotte Airport Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$9.50M
Comparable Approach
Comparable
$12.51M
Blend (final)
Blend
$12.68M
Owner & transaction history
Midas Charlotte Cp LLC · 8 yrs held
Midas Charlotte Cp LLC
since 2018
5 recorded transactions
Zoning & alternative use
MUDD-O · Charlotte, 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 Charlotte submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Charlotte 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$10,290,000
6.5%
$9,500,000
7%
$8,820,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$20,465,000
Current use
Blend value · Realmo final
$12.68M
Range $11.41M – $13.95M · ±10%
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
$96 / 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
$176,999
Tax year 2023
Assessed value
$24,130,700
Assessed 2024
Previous assessed
$24,262,700
-0.5% YoY
Effective rate
0.73%
On assessed value
Assessed land
$2,298,300
Assessed improvement
$21,832,400
Land market value
$2,298,300
Improvement market value
$21,832,400
Total market value
$24,130,700
Applied tax rate
8.0000
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
2016
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Units
204
Total area
132,760 SF
Lot
2.92 ac (127,195 SF)
Zoning code
MUDD-O
APN
14313111
UPID
US53-3952493
Jurisdiction
MECKLENBURG
Zoning & alternative use
MUDD-O · Charlotte, NC
Zoning MUDD-O · permitted uses
MUDD-O · Charlotte, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Charlotte. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$20.5M
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
2016
Heating
FORCED AIR
Cooling
Yes
Stories
3
Units
204
Lot
2.92 ac
Current owner
From public records · entity-resolved
Midas Charlotte Cp LLC
Entity
Free & Clear · 8 yrs held
Mailing address
1804 BORMAN CIR DR STE #100, SAINT LOUIS, MO 63146-4141
Ownership since
2018
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 21, 2018
$28,000,000
Midas Charlotte Cp LLC
Novus Dev Group LLC
Grant Deed
related
—
Jun 7, 2018
$38,000,000
Midas Charlotte Cp LLC
Novus Development Group LLC
Special Warranty Deed
$40,000,000 · Commercial Bank
Jun 12, 2014
$10,000
City Park Retail 8 LLC
P & L Coliseum LP
Grant Deed
—
Jun 12, 2014
$2,500,000
Novus Dev Group LLC
P & L Coliseum LP
Grant Deed
—
—
—
Novus Dev Group LLC
—
Deed Of Trust
related
$20,000,000 · Georgia's Own Cu
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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