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Property profile & analytics
OFF-MARKET
Estimated value
$985,000
Motels
4103 Belt Line Rd Addison, TX 75001-4355
Entity Owned
~
Est. High Equity
Property ID
US82-1496890
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1984
Construction
TILT-UP CONCRETE
Total area
45,918 SF
Lot
2.29 ac (99,622 SF)
Zoning code
Z236
APN
10000906486000000
UPID
US82-1496890
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
-
Red Roof PLUS+ Dallas - Addison Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.04M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$935k
Blend (final)
Blend
$985k
Owner & transaction history
New Horizon Hospitality LLC
New Horizon Hospitality LLC
since 2026
7 recorded transactions
Zoning & alternative use
Z236 · Addison, TX
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$1.6M
+72.6%
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 Addison submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Addison 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
$1,040,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$910,000
Current use
INDUSTRIAL (GENERAL)
$1,575,000
Change: +73% · Conversion: Difficult
Blend value · Realmo final
$985k
Range $887k – $1.08M · ±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
$21 / 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
$100,854
Tax year 2023
Assessed value
$4,650,000
Assessed 2023
Previous assessed
$4,650,000
+0.0% YoY
Effective rate
2.17%
On assessed value
Assessed land
$1,494,330
Assessed improvement
$3,155,670
Land market value
$1,494,330
Improvement market value
$3,155,670
Total market value
$4,650,000
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
1984
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
CENTRAL
Stories
2
Units
111
Total area
45,918 SF
Lot
2.29 ac (99,622 SF)
Zoning code
Z236
APN
10000906486000000
UPID
US82-1496890
Jurisdiction
DALLAS
Metro division
DALLAS-PLANO-IRVING, TX METROPOLITAN DIVISION
Zoning & alternative use
Z236 · Addison, TX
Zoning Z236 · permitted uses
Z236 · Addison, TX
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Addison. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$910,000
INDUSTRIAL (GENERAL)
Est. value
$1.6M
HOTEL/MOTEL Current
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
1984
Construction
TILT-UP CONCRETE
Heating
CENTRAL
Cooling
Yes
Stories
2
Units
111
Lot
2.29 ac
Current owner
From public records · entity-resolved
New Horizon Hospitality LLC
Entity
Mailing address
4103 BELT LINE RD, ADDISON, TX 75001-4355
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
15 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2026
$5,755,575
New Horizon Hospitality LLC
Diwali Addison LLC
Deed
$4,327,500 · Guaranty Bank And Trust Company
Mar 10, 2026
—
Diwali North Dallas LLC
Cl II LLC
Deed
related
—
Mar 6, 2026
—
Centerpoint Hospitality LLC
Cl II LLC
Special Warranty Deed
—
Apr 24, 2025
—
Diwali Addison LLC
—
Deed
related
$1,350,000 · Guaranty Bank & Trust
Dec 27, 2019
—
Diwali Addison LLC
—
Deed
related
$400,000 · Guaranty Bank & Trust NA
May 2, 2017
—
Diwali Addison LLC
—
Deed
related
$600,000 · Guaranty Bk
Jan 16, 2015
—
Diwali Addison LLC
Ovp Hospitality INC
Venders Lien
$3,015,000 · Preston State Bank
Aug 26, 2010
—
Ovp Hospitality INC
Hira,chetna
Grant Deed
related
—
Mar 22, 2006
—
Chetna Hira
Vr Hospitality LLC
Warranty Deed
$2,800,000 · First National Bank
Mar 9, 2006
—
Chetna Hira
Owner Name Unavailable
Grant Deed
related
—
Dec 19, 2005
—
Vr Hospitality LLC
Bm Capital Inv Group LLC
Grant Deed
$2,240,000 · One World Bank
—
—
Ovp Hospitality INC
—
Deed Of Trust
related
$215,000 · First National Bank
—
—
Chetna Hira
—
Deed Of Trust
related
$2,567,161 · First National Bank
—
—
Diwali Addison LLC
—
Deed Of Trust
related
$600,000 · Guaranty Bk
—
—
Diwali Addison LLC
—
Loan Modification
related
$2,993,734 · Guaranty 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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