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Property profile & analytics
OFF-MARKET
Estimated value
$14,675,000
Hotels
2770 Yorkmont Rd, Charlotte, NC 28208-7324
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-0137108
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1999
Total area
76,261 SF
Lot
3.64 ac (158,602 SF)
Zoning code
I-1
APN
14326206
UPID
US53-0137108
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
-
TRELLIS - LAKE POINTE Apartment Complex
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.79M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$15.66M
Blend (final)
Blend
$14.68M
Owner & transaction history
2770 Yorkmont Owner LLC · 3 yrs held
2770 Yorkmont Owner LLC
since 2022
Last sale
$14.2M
6 recorded transactions
Zoning & alternative use
I-1 · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Neighborhood: shopping center
$22.8M
+93.9%
Office building
$22.8M
+93.6%
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
$14,640,000
ML approach
$9,790,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$11,755,000
Current use
NEIGHBORHOOD: SHOPPING CENTER
$22,795,000
Change: +94% · Conversion: Difficult
OFFICE BUILDING
$22,760,000
Change: +94% · Conversion: Difficult
Blend value · Realmo final
$14.68M
Range $13.21M – $16.14M · ±10% · vs last sale $14.20M (Sep 26 2022)
Last sale anchor
$14.20M
Sep 26 2022
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
$192 / 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
$96,601
Tax year 2023
Assessed value
$13,169,800
Assessed 2024
Previous assessed
$13,240,500
-0.5% YoY
Effective rate
0.73%
On assessed value
Assessed land
$1,648,900
Assessed improvement
$11,520,900
Land market value
$1,648,900
Improvement market value
$11,520,900
Total market value
$13,169,800
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
1999
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
3
Units
103
Total area
76,261 SF
Lot
3.64 ac (158,602 SF)
Zoning code
I-1
APN
14326206
UPID
US53-0137108
Jurisdiction
MECKLENBURG
Zoning & alternative use
I-1 · Charlotte, NC
Zoning I-1 · permitted uses
I-1 · 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
$11.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$22.8M
OFFICE BUILDING
Est. value
$22.8M
HOTEL/MOTEL Current
NEIGHBORHOOD: SHOPPING CENTER
OFFICE BUILDING
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
1999
Heating
HEAT PUMP
Cooling
Yes
Stories
3
Units
103
Lot
3.64 ac
Current owner
From public records · entity-resolved
2770 Yorkmont Owner LLC
Entity
Mailing address
11620 RED RUN BLVD #100, REISTERSTOWN, MD 21136-6232
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 10, 2024
—
2770 Yorkmont Owner LLC
—
Deed
related
$12,250,000 · Eastern Savings Bank Fsb
Sep 26, 2022
$14,200,000
2770 Yorkmont Owner LLC
Yorkmont Road Hotel Holdings LLC
Special Warranty Deed
$11,500,000 · Oceanview Life And Annuity Company
Feb 3, 2020
—
Yorkmont Road Hotel Holdings LLC
—
Deed
related
$10,075,000 · Commercewest Bank
Nov 6, 2013
$10,700,000
Yorkmont Road Hotel Holdings L
Millroc Of Charlotte Owner LLC
Grant Deed
$80,000,000 · Bank Of America
Mar 7, 2007
$8,700,000
Millroc/charlotte Owner LLC
Queen City Lodging LLC
Special Warranty Deed
$8,700,000 · Greenwich Capital Financial Product
Jun 18, 2004
—
Millroc Of Charlotte LLC
Queen City Lodgings LLC
Grant Deed
related
—
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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