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Property profile & analytics
OFF-MARKET
Estimated value
$1,570,000
Hotels
308 Hughes Blvd Elizabeth City, NC 27909-4525
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-4455505
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1973
Construction
TYPE NOT SPECIFIED
Lot
1.01 ac (43,821 SF)
Zoning code
GB
APN
891306286842
UPID
US53-4455505
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
-
Days Inn by Wyndham Elizabeth City Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.57M
Owner & transaction history
Jay Jalaram Hospitality LLC · 4 yrs held
Jay Jalaram Hospitality LLC
since 2021
Last sale
$1.6M
1 recorded transaction
Zoning & alternative use
GB · Elizabeth City, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The GB Business District is established as a district in which to accommodate a wide range of retail, business, professional, and personal services office and limited wholesale uses, multi family developments are also permitted within this district, the maximum residential density allowed within the GB District is approximately 10 to 12 multi family dwelling…
Zone name
General Business
General category
COMMERCIAL
Zone area
1,405.58 ac
Source
Realmo
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 Elizabeth City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elizabeth City 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
$1,695,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$1.57M
Range $1.41M – $1.73M · ±10% · vs last sale $1.57M (Sep 30 2021)
Last sale anchor
$1.57M
Sep 30 2021
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
—
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
Assessed value
$1,520,400
Assessed 2023
Previous assessed
$1,520,400
+0.0% YoY
Land market value
$304,200
Improvement market value
$1,216,200
Total market value
$1,520,400
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
1973
Construction
TYPE NOT SPECIFIED
Heating
SPACE
Cooling
WINDOW A/C
Units
48
Lot
1.01 ac (43,821 SF)
Zoning code
GB
APN
891306286842
UPID
US53-4455505
Jurisdiction
PASQUOTANK
Zoning & alternative use
GB · Elizabeth City, NCZoning GB · permitted uses
GB · Elizabeth City, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The GB Business District is established as a district in which to accommodate a wide range of retail, business, professional, and personal services office and limited wholesale uses, multi family developments are also permitted within this district, the maximum residential density allowed within the GB District is approximately 10 to 12 multi family dwelling units per gross acre
Zone name
General Business
General category
COMMERCIAL
Zone area
1,405.58 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1973
Construction
TYPE NOT SPECIFIED
Heating
SPACE
Cooling
Yes
Units
48
Lot
1.01 ac
Current owner
From public records · entity-resolved
Jay Jalaram Hospitality LLC
Entity
Mailing address
5701 CHAMBERS ST, NORFOLK, VA 23502-4632
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 30, 2021
$1,570,000
Jay Jalaram Hospitality LLC
Bhakti Hospitality Group LLC
Special Warranty Deed
$1,530,000 · First Chatham Bank
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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