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Property profile & analytics
OFF-MARKET
Estimated value
$10,390,000
Hotels
3621 Spg Frst Rd, Raleigh, NC 27616-4601
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-1566389
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1999
Construction
BRICK
Total area
69,438 SF
Lot
2.89 ac (125,888 SF)
Zoning code
CX-5
APN
1726.10-46-7667 0244572
UPID
US53-1566389
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
-
Hampton Inn Raleigh-Capital Blvd. North Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.36M
CAP Approach
CAP
$9.86M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$10.39M
Owner & transaction history
Ephant Group Hi Raleigh LLC · 2 yrs held
Ephant Group Hi Raleigh LLC
since 2023
Last sale
$10.7M
7 recorded transactions
Zoning & alternative use
CX-5 · Raleigh, 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 Raleigh submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Raleigh 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
$10,310,000
ML approach
$8,360,000
CAP Approach
CAP Return
Estimation
6%
$10,680,000
6.5%
$9,855,000
7%
$9,155,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$14,450,000
Current use
Blend value · Realmo final
$10.39M
Range $9.35M – $11.43M · ±10% · vs last sale $10.70M (Jul 19 2023)
Last sale anchor
$10.70M
Jul 19 2023
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
$150 / 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
$129,294
Tax year 2023
Assessed value
$11,861,853
Assessed 2023
Previous assessed
$11,861,853
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$1,257,621
Assessed improvement
$10,604,232
Land market value
$1,257,621
Improvement market value
$10,604,232
Total market value
$11,861,853
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
1999
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
5
Units
131
Total area
69,438 SF
Lot
2.89 ac (125,888 SF)
Zoning code
CX-5
APN
1726.10-46-7667 0244572
UPID
US53-1566389
Jurisdiction
WAKE
Zoning & alternative use
CX-5 · Raleigh, NC
Zoning CX-5 · permitted uses
CX-5 · Raleigh, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Raleigh. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$14.5M
HOTEL/MOTEL Current
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
1999
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
5
Units
131
Lot
2.89 ac
Current owner
From public records · entity-resolved
Ephant Group Hi Raleigh LLC
Entity
Mailing address
5335 CENTRAL AVE PIKE, KNOXVILLE, TN 37912-3544
Ownership since
2023
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
Jul 19, 2023
$10,700,000
Ephant Group Hi Raleigh LLC
Hirn Hotel INC
Special Warranty Deed
$8,855,010 · Touchmark National Bank
Apr 18, 2013
$9,555,000
Hirn Hotel INC
K-5 Associates LLC
Grant Deed
$8,800,000 · First Citizens Bk
Mar 12, 2013
—
K-5 Associates LLC
—
Deed Of Trust
related
$6,100,000 · First Citizens Bank & Trust Co
Oct 30, 2002
—
K-2 Properties LLC
K-2 Properties L
Quit Claim Deed
related
—
Sep 9, 2002
—
K-2 Properties LLC
K-5 Associates L
Grant Deed
related
—
—
—
K-2 Properties LLC
—
Deed Of Trust
related
$7,250,000 · First Colony Life Insurance Co
—
—
K-2 Properties LLC
—
Deed Of Trust
related
$6,100,000 · First Citizens Bank & Trust Co
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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