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Property profile & analytics
OFF-MARKET
Estimated value
$9,010,000
Hotels
4900 Tryon St, Charlotte, NC 28217-2404
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US53-1816008
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1998
Total area
72,112 SF
Lot
2.05 ac (89,167 SF)
Zoning code
B-1
APN
14317316
UPID
US53-1816008
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
-
ATM Petro Express Convenience Store Gas Station
-
Mobil Grocery & Convenience Store
-
Circle K Grocery & Convenience Store
-
Petro Express Grocery & Convenience Store
-
Tacos Don Sammy #2 Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.73M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.14M
Blend (final)
Blend
$9.01M
Owner & transaction history
Clt Loso LLC · 2 yrs held
Clt Loso LLC
since 2024
Last sale
$8.3M
7 recorded transactions
Zoning & alternative use
B-1 · Charlotte, 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 Charlotte submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Charlotte 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
$9,685,000
ML approach
$9,730,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$11,115,000
Current use
Blend value · Realmo final
$9.01M
Range $8.11M – $9.91M · ±10% · vs last sale $8.25M (Dec 21 2021)
Last sale anchor
$8.25M
Dec 21 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
$125 / 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
$58,672
Tax year 2023
Assessed value
$7,998,900
Assessed 2024
Previous assessed
$8,039,400
-0.5% YoY
Effective rate
0.73%
On assessed value
Assessed land
$1,024,200
Assessed improvement
$6,974,700
Land market value
$1,024,200
Improvement market value
$6,974,700
Total market value
$7,998,900
Applied tax rate
8.0000
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1998
Heating
FORCED AIR
Cooling
YES
Stories
3
Units
131
Rooms
21
Total area
72,112 SF
Lot
2.05 ac (89,167 SF)
Zoning code
B-1
APN
14317316
UPID
US53-1816008
Jurisdiction
MECKLENBURG
Zoning & alternative use
B-1 · Charlotte, NC
Zoning B-1 · permitted uses
B-1 · Charlotte, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Charlotte. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$11.1M
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
1998
Heating
FORCED AIR
Cooling
Yes
Stories
3
Units
131
Rooms
21
Lot
2.05 ac
Current owner
From public records · entity-resolved
Clt Loso LLC
Entity
Mailing address
507 HILLCREST DR, HUNTERSVILLE, NC 28078-7857
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 16, 2024
$9,300,000
Clt Loso LLC
Clt South Lodging LLC
Special Warranty Deed
$7,750,000 · United Bank
Dec 21, 2021
$8,250,000
Clt South Lodging LLC
Cplg Properties LLC
Special Warranty Deed
$6,187,500 · State Bank Of Texas
Aug 13, 2007
—
Bre Of Lq Properties LLC
—
Deed Of Trust
related
—
Dec 15, 2006
—
Bre Of Lq Properties LLC
—
Deed Of Trust
related
$185,000,000 · Merrill Lynch Mortgage Lending
Mar 14, 2006
—
Bre Of Lq Properties LLC
La Quinta Dev Partners
Grant Deed
$2,075,000,000 · * Other Institutional Lenders
Jul 22, 1997
—
Development Part La Quinta
La Quinta,develo
Quit Claim Deed
related
—
—
—
Bre Of Lq Properties LLC
—
Deed Of Trust
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.
Try Rey
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