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Property profile & analytics
OFF-MARKET
Estimated value
$5,980,000
Hotels
5110 Trojan Dr Charlotte, NC 28278-6694
Entity Owned
10-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-3863419
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2018
Total area
83,529 SF
Lot
3.46 ac (150,935 SF)
Zoning code
CC
APN
19924165
UPID
US53-3863419
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
-
Residence Inn Charlotte Steele Creek Hotel & Motel
-
ChargePoint Charging Station Electric Vehicle Charging Station
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.98M
Comparable Approach
Comparable
$3.63M
Blend (final)
Blend
$5.98M
Owner & transaction history
Steele Creek Hotels Holdings L · 10 yrs held
Steele Creek Hotels Holdings L
since 2016
7 recorded transactions
Zoning & alternative use
CC · 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$6,475,000
6.5%
$5,975,000
7%
$5,550,000
Blend value · Realmo final
$5.98M
Range $5.38M – $6.58M · ±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
$72 / 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
$95,646
Tax year 2023
Assessed value
$13,039,700
Assessed 2024
Previous assessed
$13,270,000
-1.7% YoY
Effective rate
0.73%
On assessed value
Assessed land
$1,960,400
Assessed improvement
$11,079,300
Land market value
$1,960,400
Improvement market value
$11,079,300
Total market value
$13,039,700
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
2018
Heating
FORCED AIR
Cooling
CENTRAL
Stories
4
Units
119
Total area
83,529 SF
Lot
3.46 ac (150,935 SF)
Zoning code
CC
APN
19924165
UPID
US53-3863419
Jurisdiction
MECKLENBURG
Zoning & alternative use
CC · Charlotte, NC
Zoning CC · permitted uses
CC · 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.
Building & site characteristics
From public records
Year built
2018
Heating
FORCED AIR
Cooling
Yes
Stories
4
Units
119
Lot
3.46 ac
Current owner
From public records · entity-resolved
Steele Creek Hotels Holdings L
Entity
Mailing address
5720 CREEDMOOR RD STE #205, RALEIGH, NC 27612-2382
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2016
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 13, 2020
—
Steele Crk Hotels Hldgs LLC
—
Deed
related
$20,000,000 · Royal Bk/mo
Jan 27, 2020
—
Apollo Holding Co LLC
—
Deed
related
—
Jun 6, 2019
—
Steele Crk Hotels Hldgs LLC
—
Deed
related
$3,175,000 · Georgia's Own Cu
Feb 11, 2019
—
Steele Crk Hotels Hldgs LLC
—
Deed
related
$4,704,795 · Royal Bk/mo
May 17, 2017
—
Steele Creek Hotels Holdings L
—
Deed Of Trust
related
$12,815,205 · Royal Bk/mo
May 6, 2016
$1,050,000
Steele Creek Hotels Holdings L
Steele Creek 1997 LLC
Grant Deed
$1,000,000 · Ashok Abhayakumar
—
—
Steele Crk Hotels Hldgs LLC
—
Loan Modification
related
$4,704,795 · Royal Bk/mo
—
—
Steele Crk Hotels Hldgs LLC
—
Deed Of Trust
related
$3,175,000 · Georgia's Own Cu
—
—
Steele Crk Hotels Hldgs LLC
—
Loan Modification
related
$20,000,000 · Royal Bk/mo
—
—
Apollo Holding Co LLC
—
Loan Modification
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.
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