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Property profile & analytics
OFF-MARKET
Estimated value
$42,910,000
Motels
4700 Emperor Blvd, Durham, NC 27703-8424
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US53-2339656
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1985
Total area
318,992 SF
Lot
22.35 ac (973,566 SF)
Zoning code
CC,IP
APN
157963
UPID
US53-2339656
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
-
Fitness Connection Gym & Fitness Center
-
Seasons Restaurant Restaurant
-
American Audio Video Event Planning Wedding Service
-
north carolina association of fairs Association Or Organization
-
LibertyX Bitcoin ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$52.29M
Blend (final)
Blend
$42.91M
Owner & transaction history
Bliss Hospitality LLC · 1 yrs held
Bliss Hospitality LLC
since 2025
Last sale
$47.5M
5 recorded transactions
Zoning & alternative use
CC,IP · Durham, 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 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
$42,650,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$57,110,000
Current use
INDUSTRIAL (GENERAL)
$55,465,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$42.91M
Range $38.62M – $47.20M · ±10% · vs last sale $47.50M (Jan 10 2025)
Last sale anchor
$47.50M
Jan 10 2025
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
$135 / 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
$495,215
Tax year 2024
Assessed value
$35,501,834
Assessed 2024
Previous assessed
$35,501,834
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$4,466,281
Assessed improvement
$31,035,553
Land market value
$4,466,281
Improvement market value
$31,035,553
Total market value
$35,501,834
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
1985
Heating
HOT WATER
Cooling
YES
Stories
10
Total area
318,992 SF
Lot
22.35 ac (973,566 SF)
Zoning code
CC,IP
APN
157963
UPID
US53-2339656
Jurisdiction
DURHAM
Zoning & alternative use
CC,IP · Durham, NC
Zoning CC,IP · permitted uses
CC,IP · 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
$57.1M
INDUSTRIAL (GENERAL)
Est. value
$55.5M
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
1985
Heating
HOT WATER
Cooling
Yes
Stories
10
Lot
22.35 ac
Current owner
From public records · entity-resolved
Bliss Hospitality LLC
Entity
Mailing address
PO BOX 19067, RALEIGH, NC 27619-9067
Ownership since
2025
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
Jan 10, 2025
$47,500,000
Bliss Hospitality LLC
Imperial Hotel Group LP
Special Warranty Deed
$35,000,000 · Morgan Stanley Bank NA
Feb 12, 2021
—
Imperial Hotel Group LP
—
Deed
related
$36,000,000 · Tuebor Reit Sub LLC
Jun 9, 2017
—
Imperial Hotel Group LP
—
Deed
related
$36,000,000 · Ladder Cap Fin
—
—
Imperial Hotel Group LP
—
Deed Of Trust
related
$36,000,000 · Ladder Cap Fin
—
—
Imperial Hotel Group
—
Deed Of Trust
related
$20,500,000 · Prudential Mtg Cap
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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