Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$265,000
Hotels
2526 Gillespie St Fayetteville, NC 28306-3052
Entity Owned
Free & Clear
Property ID
US53-0981304
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1955
Total area
1,597 SF
Lot
2.37 ac (103,237 SF)
Zoning code
HSP
APN
0435-09-3236
UPID
US53-0981304
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
-
Cardinal Inn & Suites Hotel & Motel
-
Hunnabeatz Recording Studio
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$265k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$265k
Owner & transaction history
Laxmi Hotels Of Fayetteville LLC
Laxmi Hotels Of Fayetteville LLC
since 2025
7 recorded transactions
Zoning & alternative use
HSP · Fayetteville, 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 Fayetteville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Fayetteville 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
$265,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$265k
Range $239k – $292k · ±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
$166 / 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
$3,171
Tax year 2023
Assessed value
$462,831
Assessed 2023
Previous assessed
$462,831
+0.0% YoY
Effective rate
0.69%
On assessed value
Assessed land
$136,772
Assessed improvement
$326,059
Land market value
$136,772
Improvement market value
$326,059
Total market value
$462,831
Applied tax rate
51.0000
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
1955
Heating
FORCED AIR
Cooling
NONE
Buildings
4
Stories
1
Bathrooms
2
Total area
1,597 SF
Lot
2.37 ac (103,237 SF)
Zoning code
HSP
APN
0435-09-3236
UPID
US53-0981304
Jurisdiction
CUMBERLAND
Zoning & alternative use
HSP · Fayetteville, NCZoning HSP · permitted uses
HSP · Fayetteville, NC
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
1955
Heating
FORCED AIR
Cooling
Yes
Stories
1
Buildings
4
Bathrooms
2
Lot
2.37 ac
Current owner
From public records · entity-resolved
Laxmi Hotels Of Fayetteville LLC
Entity
Free & Clear · 0 yrs held
Mailing address
2526 GILLESPIE ST, FAYETTEVILLE, NC 28306-3052
Mailing matches property
Yes
Owner-occupied
Yes
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 27, 2025
—
Laxmi Hotels Of Fayetteville LLC
Laxmi Hotels Of Fayetteville LLC
Deed
related
—
Mar 12, 2020
—
Laxmi Hotels Of Fayetteville LLC
—
Deed
related
$200,000 · Chandresh Mehta
Nov 5, 2018
$460,000
Laxmi Hotels Of Fayetteville
Jeet Ent INC
Warranty Deed
$170,116 · Patel Anratlal R & Manuben A
Jun 7, 2016
—
Jeet Ent INC
—
Deed
related
$50,000 · Amratlal R & Manuben A Patel
Apr 1, 2016
$194,000
Jeet Ent INC
Shantadevi LLC
Warranty Deed
$150,000 · Amratlal R & Manuben A Patel
Aug 1, 2005
$465,000
Rakesh J Patel
Patel,manilal P & Manuben M
Warranty Deed
related
$365,000 · Manilal P & Manuben M Patel
Aug 1, 2005
—
Shantadevi LLC
Patel,rakesh J & Pinke
Warranty Deed
related
—
—
—
Laxmi Hotels Of Fayetteville LLC
—
Deed Of Trust
related
$200,000 · Chandresh Mehta
—
—
Jeet Ent INC
—
Deed Of Trust
related
$50,000 · Amratlal R & Manuben A Patel
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 2526 Gillespie St?
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.
