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Property profile & analytics
OFF-MARKET
Estimated value
$9,340,000
Hotels
2715 Capital Blvd, Raleigh, NC 27604-1509
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-1525036
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1983
Construction
BRICK
Total area
21,740 SF
Lot
3.35 ac (145,926 SF)
Zoning code
CX-7
APN
1715.16-72-7556 0049432
UPID
US53-1525036
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 Harrison Apartment Complex
-
NC State Univerisity High School
-
i-Budget Auto Transport Trucking Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.91M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$5.93M
Blend (final)
Blend
$9.34M
Owner & transaction history
Hocp Raleigh Owner LLC · 3 yrs held
Hocp Raleigh Owner LLC
since 2023
Last sale
$9.6M
5 recorded transactions
Zoning & alternative use
CX-7 · Raleigh, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$12.0M
+164.8%
Restaurant
$11.8M
+161.3%
Commercial (general)
$7.1M
+55.9%
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 Raleigh submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Raleigh 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
$9,250,000
ML approach
$8,910,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$11,980,000
Change: +165% · Conversion: Difficult
RESTAURANT
$11,820,000
Change: +161% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,050,000
Change: +56% · Conversion: Difficult
MEDICAL BUILDING
$6,855,000
Change: +52% · Conversion: Difficult
AUTO REPAIR, GARAGE
$6,410,000
Change: +42% · Conversion: Difficult
Blend value · Realmo final
$9.34M
Range $8.41M – $10.27M · ±10% · vs last sale $9.60M (Mar 15 2023)
Last sale anchor
$9.60M
Mar 15 2023
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
$430 / 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
$48,930
Tax year 2023
Assessed value
$4,488,878
Assessed 2023
Previous assessed
$4,488,878
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$1,707,334
Assessed improvement
$2,781,544
Land market value
$1,707,334
Improvement market value
$2,781,544
Total market value
$4,488,878
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/MOTEL
Status
Off-Market
Year built
1983
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
3
Units
51
Total area
21,740 SF
Lot
3.35 ac (145,926 SF)
Zoning code
CX-7
APN
1715.16-72-7556 0049432
UPID
US53-1525036
Jurisdiction
WAKE
Zoning & alternative use
CX-7 · Raleigh, NC
Zoning CX-7 · permitted uses
CX-7 · Raleigh, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Raleigh. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$12.0M
RESTAURANT
Est. value
$11.8M
COMMERCIAL (GENERAL)
Est. value
$7.1M
MEDICAL BUILDING
Est. value
$6.9M
AUTO REPAIR, GARAGE
Est. value
$6.4M
NEIGHBORHOOD: SHOPPING CENTER
RESTAURANT
COMMERCIAL (GENERAL)
MEDICAL BUILDING
AUTO REPAIR, GARAGE
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
1983
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
3
Units
51
Lot
3.35 ac
Current owner
From public records · entity-resolved
Hocp Raleigh Owner LLC
Entity
Mailing address
1 PENN PLZ #3900, NEW YORK, NY 10119-0002
Ownership since
2023
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
Jan 3, 2025
—
Hocp Raleigh Owner LLC
—
Deed
related
$13,625,000 · Lafayette FCU
Mar 15, 2023
$9,600,000
Hocp Raleigh Owner LLC
Br Karson LLC
Special Warranty Deed
$13,148,800 · Readycap Commercial LLC
Jul 11, 2016
—
Br Karson LLC
—
Deed
related
$4,000,000 · Branch Bk&tr
Jun 20, 2006
$1,968,000
Br Karson LLC
Gss Raleigh LLC
Grant Deed
$11,800,000 · Column Financial INC
—
—
Br Karson LLC
—
Deed Of Trust
related
$4,000,000 · Branch Bk&tr
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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