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Property profile & analytics
OFF-MARKET
Estimated value
$8,590,000
Motels
3508 Mt Moriah Rd, Durham, NC 27707-9015
Entity Owned
5-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-1551314
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1991
Total area
66,708 SF
Lot
3.82 ac (166,399 SF)
Zoning code
CSD-S1
APN
140175
UPID
US53-1551314
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
-
Comfort Inn University Durham - Chapel Hill Hotel & Motel
-
choice hotels 3508 mt moriah rd durham,nc 27707 Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.83M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.92M
Blend (final)
Blend
$8.59M
Owner & transaction history
Moriah Durham Realty LLC · 5 yrs held
Moriah Durham Realty LLC
since 2021
Last sale
$8.2M
6 recorded transactions
Zoning & alternative use
CSD-S1 · Durham, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$12.1M
+1.2%
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 Durham submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Durham 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
$8,815,000
ML approach
$8,830,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$11,945,000
Current use
OFFICE BUILDING
$12,080,000
Change: +1% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$11,600,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$8.59M
Range $7.73M – $9.45M · ±10% · vs last sale $8.20M (Jun 24 2021)
Last sale anchor
$8.20M
Jun 24 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
$129 / 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 2024Property tax & assessments
Tax year 2024
Tax billed
$74,416
Tax year 2024
Assessed value
$5,334,858
Assessed 2024
Previous assessed
$5,334,858
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$1,190,700
Assessed improvement
$4,144,158
Land market value
$1,190,700
Improvement market value
$4,144,158
Total market value
$5,334,858
Applied tax rate
1.0000
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
1991
Heating
FLOOR/WALL FURNACE
Cooling
YES
Stories
4
Total area
66,708 SF
Lot
3.82 ac (166,399 SF)
Zoning code
CSD-S1
APN
140175
UPID
US53-1551314
Jurisdiction
DURHAM
Zoning & alternative use
CSD-S1 · Durham, NC
Zoning CSD-S1 · permitted uses
CSD-S1 · Durham, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Durham. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$11.9M
OFFICE BUILDING
Est. value
$12.1M
INDUSTRIAL (GENERAL)
Est. value
$11.6M
HOTEL/MOTEL Current
OFFICE BUILDING
INDUSTRIAL (GENERAL)
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
1991
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
4
Lot
3.82 ac
Current owner
From public records · entity-resolved
Moriah Durham Realty LLC
Entity
Mailing address
217 COLE VLY DR, CARY, NC 27513-8370
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 12, 2023
—
Moriah Durham Realty LLC
—
Deed
related
$3,619,000 · 504 Capital Corporation
Jun 24, 2021
$8,200,000
Moriah Durham Realty LLC
15 501 Hospitality LLC
Special Warranty Deed
$5,000,000 · Bank Of George
Jun 24, 2021
—
Moriah Durham Realty LLC
—
Deed
related
$500,000 · 15 501 Hospitality LLC
Mar 18, 2010
$5,700,000
15 501 Hospitality LLC
Winston Spe II LLC
Grant Deed
$5,250,000 · Carter Bank & Trust
Nov 11, 2005
—
Winston Spe II LLC
—
Loan Modification
related
$215,000,000 · General Elec Cap
Mar 18, 2005
—
Winston Spe II LLC
Winn
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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