Property profile

5111 Equipment Dr Charlotte, NC 28269

OFF-MARKET
Motels
Property ID
US53-0709213
40,770 SF 2.65 ac lot Built 1989
Entity Owned 16-yr Hold ~ Est. High Equity
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Property profile

Verified
Property type Motels
Use group MOTEL
Year built 1989
Total area 40,770 SF
Lot 2.65 ac (115,347 SF)
Zoning code B-2
APN 4507201
UPID US53-0709213

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Hotel & Motel

Location

5111 Equipment Dr Charlotte, NC 28269-5015
Charlotte metro Census 5536 CHARLOTTE-CONCORD-GASTONIA, NC-SC METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
$2.68M
Comparable Approach Comparable
by Request
Blend (final) Blend
$2.28M

Owner & transaction history

since 2009
4 recorded transactions
2024
Price N/A
2009
$2.2M
1988
$765,000
1969
Price N/A

Zoning & alternative use

B-2 · Charlotte, NC

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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