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Property profile & analytics
OFF-MARKET
Estimated value
$6,000,000
Motels
3200 Queen City Dr, Charlotte, NC 28208-2731
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-0459553
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1986
Total area
12,759 SF
Lot
3.86 ac (168,098 SF)
Zoning code
B1CD
APN
6122107
UPID
US53-0459553
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
-
Rodeway Inn CLT Airport Hotel & Motel
-
Super 8 by Wyndham Charlotte Airport North Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.00M
Owner & transaction history
Anshi Associates Nc LLC · 1 yrs held
Anshi Associates Nc LLC
since 2024
Last sale
$6.0M
6 recorded transactions
Zoning & alternative use
B1CD · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$8.8M
+348.1%
Restaurant
$8.2M
+314.6%
Apartment house (5+ units)
$5.7M
+190.1%
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
$6,000,000
ML approach
$6,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$8,815,000
Change: +348% · Conversion: Difficult
RESTAURANT
$8,155,000
Change: +315% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$5,705,000
Change: +190% · Conversion: Difficult
MEDICAL BUILDING
$5,140,000
Change: +161% · Conversion: Difficult
RETAIL STORES
$4,225,000
Change: +115% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$3,815,000
Change: +94% · Conversion: Difficult
OFFICE BUILDING
$3,810,000
Change: +94% · Conversion: Difficult
Blend value · Realmo final
$6.00M
Range $5.40M – $6.60M · ±10% · vs last sale $6.00M (Sep 18 2024)
Last sale anchor
$6.00M
Sep 18 2024
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
$470 / 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
$33,821
Tax year 2023
Assessed value
$4,610,900
Assessed 2024
Previous assessed
$4,610,900
+0.0% YoY
Effective rate
0.73%
On assessed value
Assessed land
$2,049,700
Assessed improvement
$2,561,200
Land market value
$2,049,700
Improvement market value
$2,561,200
Total market value
$4,610,900
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
1986
Heating
HEAT PUMP
Cooling
WALL UNIT
Buildings
3
Stories
1
Units
42
Total area
12,759 SF
Lot
3.86 ac (168,098 SF)
Zoning code
B1CD
APN
6122107
UPID
US53-0459553
Jurisdiction
MECKLENBURG
Zoning & alternative use
B1CD · Charlotte, NC
Zoning B1CD · permitted uses
B1CD · 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
COMMERCIAL (GENERAL)
Est. value
$8.8M
RESTAURANT
Est. value
$8.2M
APARTMENT HOUSE (5+ UNITS)
Est. value
$5.7M
MEDICAL BUILDING
Est. value
$5.1M
RETAIL STORES
Est. value
$4.2M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$3.8M
OFFICE BUILDING
Est. value
$3.8M
COMMERCIAL (GENERAL)
RESTAURANT
APARTMENT HOUSE (5+ UNITS)
MEDICAL BUILDING
RETAIL STORES
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
1986
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Buildings
3
Units
42
Lot
3.86 ac
Current owner
From public records · entity-resolved
Anshi Associates Nc LLC
Entity
Mailing address
3415 QUEEN CITY DR, CHARLOTTE, NC 28208-3549
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2024
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
Sep 18, 2024
$6,000,000
Anshi Associates Nc LLC
Maruth Hospitality LLC
Special Warranty Deed
$5,000,000 · Gbank
Oct 22, 2020
—
Maruti Hospitality LLC
—
Deed
related
$2,000,000 · The Fidelity Bank
May 8, 2013
$1,535,000
Maruti Hospitality LLC
Bright Hotel Group INC
Special Warranty Deed
$1,263,000 · First Western Sblc INC
May 15, 2009
$1,318,500
Bright Hotel Group INC
Ma Laxmi 3 INC
Grant Deed
$1,080,000 · F & M Bank
Feb 2, 1993
$1,700,000
Hospitality Investment
Unknown
Grant Deed
—
—
—
Bright Hotel Group INC
—
Deed Of Trust
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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