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Property profile & analytics
OFF-MARKET
Estimated value
$6,375,000
Hotels
3901 Wilmington St, Raleigh, NC 27603-3601
Entity Owned
1-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-3826978
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1976
Construction
BRICK
Total area
43,647 SF
Lot
1.52 ac (66,211 SF)
Zoning code
IX-3
APN
1701.06-49-4355 0063206
UPID
US53-3826978
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 Bed & Breakfast
-
Days Inn by Wyndham Raleigh South Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.38M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.21M
Blend (final)
Blend
$6.38M
Owner & transaction history
Shubh Laxmi LLC · 1 yrs held
Shubh Laxmi LLC
since 2024
Last sale
$6.4M
5 recorded transactions
Zoning & alternative use
IX-3 · 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
$6,375,000
ML approach
$6,375,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$9,085,000
Current use
Blend value · Realmo final
$6.38M
Range $5.74M – $7.01M · ±10% · vs last sale $6.38M (Sep 13 2024)
Last sale anchor
$6.38M
Sep 13 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
$146 / 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
$34,205
Tax year 2024
Assessed value
$3,938,444
Assessed 2024
Previous assessed
$3,938,444
+0.0% YoY
Effective rate
0.87%
On assessed value
Assessed land
$993,165
Assessed improvement
$2,945,279
Land market value
$993,165
Improvement market value
$2,945,279
Total market value
$3,938,444
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
1976
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
3
Units
103
Total area
43,647 SF
Lot
1.52 ac (66,211 SF)
Zoning code
IX-3
APN
1701.06-49-4355 0063206
UPID
US53-3826978
Jurisdiction
WAKE
Zoning & alternative use
IX-3 · Raleigh, NC
Zoning IX-3 · permitted uses
IX-3 · 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
$9.1M
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
1976
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
3
Buildings
2
Units
103
Lot
1.52 ac
Current owner
From public records · entity-resolved
Shubh Laxmi LLC
Entity
Mailing address
634 S PIPER STRM CIR, CARY, NC 27519-6405
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 13, 2024
$6,375,000
Shubh Laxmi LLC
Shubh Laxmi LLC
Special Warranty Deed
$5,000,000 · Hometrust Bank
Aug 17, 2017
—
Shubh Laxmi LLC
—
Deed
related
$2,816,000 · Customers Bk
May 3, 2017
$3,200,000
Shubh Laxmi LLC
Jas Properties LLC
Grant Deed
$2,816,000 · Customers Bk
Mar 1, 2007
$1,900,000
Jas Properties LLC
Patel & Patel Ents LLC
Grant Deed
$1,738,000 · Community S Bk
—
—
Shubh Laxmi LLC
—
Deed Of Trust
related
$2,816,000 · Customers Bk
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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