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Property profile & analytics
OFF-MARKET
Estimated value
$4,675,000
Hotels
510 Johnson St, Raleigh, NC 27603-1226
Individually Owned
16-yr Hold
~
Est. High Equity
Property ID
US53-2521167
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
2012
Construction
BRICK
Total area
78,430 SF
Lot
0.49 ac (21,344 SF)
Zoning code
DX-7
APN
1704.18-41-8713 0071379
UPID
US53-2521167
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$4.54M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.68M
Owner & transaction history
Glenwood Hospitality Assocs Ll · 16 yrs held
Glenwood Hospitality Assocs Ll
since 2010
4 recorded transactions
Zoning & alternative use
DX-7 · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,920,000
6.5%
$4,540,000
7%
$4,215,000
Blend value · Realmo final
$4.68M
Range $4.21M – $5.14M · ±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
$60 / 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
$232,347
Tax year 2023
Assessed value
$19,882,496
Assessed 2023
Previous assessed
$19,882,496
+0.0% YoY
Effective rate
1.17%
On assessed value
Assessed land
$2,136,534
Assessed improvement
$17,745,962
Land market value
$2,136,534
Improvement market value
$17,745,962
Total market value
$19,882,496
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
2012
Construction
BRICK
Heating
CENTRAL
Cooling
CENTRAL
Stories
5
Units
126
Total area
78,430 SF
Lot
0.49 ac (21,344 SF)
Zoning code
DX-7
APN
1704.18-41-8713 0071379
UPID
US53-2521167
Jurisdiction
WAKE
Zoning & alternative use
DX-7 · Raleigh, NC
Zoning DX-7 · permitted uses
DX-7 · 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.
Building & site characteristics
From public records
Year built
2012
Construction
BRICK
Heating
CENTRAL
Cooling
Yes
Stories
5
Units
126
Lot
0.49 ac
Current owner
From public records · entity-resolved
Glenwood Hospitality Assocs Ll
Individual
Mailing address
PO BOX 30803, GREENVILLE, NC 27833-0803
Ownership since
2010
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 22, 2010
—
Glenwood Hospitality Assocs Ll
—
Deed Of Trust
related
$8,000,000 · Randolph Bank & Trust Co
Jan 26, 2010
$475,000
Glenwood Hospitality Assocs Ll
Yancey,charles S & Nellie K
Warranty Deed
—
—
—
Charles S Yancey
—
Deed Of Trust
related
$258,250 · Suntrust Bank NA
—
—
Charles S Yancey
—
Deed Of Trust
related
$205,000 · Suntrust Bank NA
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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