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Property profile & analytics
OFF-MARKET
Estimated value
$3,670,000
Motels
3105 Queen City Dr, Charlotte, NC 28208-2747
Entity Owned
10-yr Hold
~
Est. High Equity
Property ID
US53-5537500
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1984
Total area
51,720 SF
Lot
2.41 ac (104,805 SF)
Zoning code
B-2
APN
6118204
UPID
US53-5537500
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.70M
Comparable Approach
Comparable
$2.64M
Blend (final)
Blend
$3.67M
Owner & transaction history
Daud & Daughter LLC · 10 yrs held
Daud & Daughter LLC
since 2016
6 recorded transactions
Zoning & alternative use
B-2 · 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%
$4,010,000
6.5%
$3,700,000
7%
$3,435,000
Blend value · Realmo final
$3.67M
Range $3.30M – $4.04M · ±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
$71 / 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
$45,858
Tax year 2023
Assessed value
$6,251,900
Assessed 2024
Previous assessed
$6,329,600
-1.2% YoY
Effective rate
0.73%
On assessed value
Assessed land
$1,725,600
Assessed improvement
$4,526,300
Land market value
$1,725,600
Improvement market value
$4,526,300
Total market value
$6,251,900
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1984
Heating
FORCED AIR
Cooling
YES
Stories
3
Units
130
Total area
51,720 SF
Lot
2.41 ac (104,805 SF)
Zoning code
B-2
APN
6118204
UPID
US53-5537500
Jurisdiction
MECKLENBURG
Zoning & alternative use
B-2 · Charlotte, NC
Zoning B-2 · permitted uses
B-2 · 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.
Building & site characteristics
From public records
Year built
1984
Heating
FORCED AIR
Cooling
Yes
Stories
3
Units
130
Lot
2.41 ac
Current owner
From public records · entity-resolved
Daud & Daughter LLC
Entity
Mailing address
3105 QUEEN CITY DR, CHARLOTTE, NC 28208-2747
Ownership since
2016
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
Feb 8, 2016
$4,700,000
Daud & Daughter LLC
Shreeji Hospitality Arpt LLC
Warranty Deed
$3,815,000 · Bank Of Nc
Feb 8, 2016
—
Daud & Daughter LLC
Shreeji Hospitality Arpt LLC
Grant Deed
$125,000 · Bank Of Nc
Nov 9, 2010
—
T6 Unison Site Management LLC
—
Deed Of Trust
related
$200,000,000 · Deutsche Bank Trust Co America
Jan 17, 2008
$4,200,000
Shreeji Hospitality Arpt LLC
Kpn Hotels LLC
Grant Deed
$2,010,000 · Bank Of Granite
Aug 30, 2006
$4,000,000
Kpn Hotels LLC
Diplomat Dev Co LLC
Grant Deed
$2,030,000 · Nexity Bank
Sep 1, 2005
$3,200,000
Diplomat Dev Co LLC
La Quinta Properties INC
Grant Deed
$3,185,000 · Nexity 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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