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Property profile & analytics
OFF-MARKET
Estimated value
$13,220,000
Hotels
3315 Scott Futrell Dr, Charlotte, NC 28208-3551
Entity Owned
19-yr Hold
~
Est. High Equity
Property ID
US53-5746985
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1985
Total area
164,140 SF
Lot
11.96 ac (520,890 SF)
Zoning code
I-1
APN
6123229
UPID
US53-5746985
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
-
Sheraton Charlotte Airport Hotel Hotel & Motel
-
Oscar's Restaurant Restaurant
-
Charlotte Bachata Salsa Festival Association / Organization
-
Encore Rental Equipment Company Tech Support Center
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$11.75M
Comparable Approach
Comparable
$10.57M
Blend (final)
Blend
$13.22M
Owner & transaction history
Ocean Charlotte LLC · 19 yrs held
Ocean Charlotte LLC
since 2007
7 recorded transactions
Zoning & alternative use
I-1 · 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%
$12,725,000
6.5%
$11,745,000
7%
$10,905,000
Blend value · Realmo final
$13.22M
Range $11.90M – $14.54M · ±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
$81 / 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
$183,901
Tax year 2023
Assessed value
$25,071,700
Assessed 2024
Previous assessed
$30,362,400
-17.4% YoY
Effective rate
0.73%
On assessed value
Assessed land
$2,860,100
Assessed improvement
$22,211,600
Land market value
$2,860,100
Improvement market value
$22,211,600
Total market value
$25,071,700
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
1985
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Units
222
Total area
164,140 SF
Lot
11.96 ac (520,890 SF)
Zoning code
I-1
APN
6123229
UPID
US53-5746985
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.
Building & site characteristics
From public records
Year built
1985
Heating
FORCED AIR
Cooling
Yes
Stories
3
Units
222
Lot
11.96 ac
Current owner
From public records · entity-resolved
Ocean Charlotte LLC
Entity
Mailing address
605 LINCOLN RD STE #320, MIAMI BEACH, FL 33139-2934
Ownership since
2007
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 29, 2020
—
Ocean Charlotte LLC
—
Deed
related
$1,250,000 · Vast Bank NA
Apr 19, 2010
—
Ocean-charlotte LLC
—
Deed Of Trust
related
$22,500,000 · Morgan Stanley Mtg Cap Holding
Aug 28, 2009
—
Ocean-charlotte LLC
—
Deed Of Trust
related
$22,500,000 · Morgan Stanley Mtg Cap Holding
Jun 29, 2007
$22,725,000
Ocean Charlotte LLC
Equistar Charlotte Co LLC
Special Warranty Deed
—
Feb 6, 1996
$18,000,000
Equistar Charlotte Company
Equistar,charlot
Grant Deed
related
—
Mar 9, 1995
$1,000,000
L P Lw-ssp2
Lw-ssp2,l P
Grant Deed
related
—
—
—
Ocean-charlotte LLC
—
Deed Of Trust
related
$14,500,000 · Kbs Debt Holdings II LLC
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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