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Property profile & analytics
OFF-MARKET
Estimated value
$9,275,000
Motels
5219 Page Rd, Durham, NC 27703-8480
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-2001556
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1997
Total area
70,729 SF
Lot
2.27 ac (98,881 SF)
Zoning code
IP
APN
157923
UPID
US53-2001556
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
-
Comfort Suites Raleigh Durham Airport/Rtp Hotel & Motel
-
palm beach international airport Car Rental Facility
-
Fantastic Find! Comfy and Spacious Unit, Breakfast, Pool, Gym Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$11.19M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$9.46M
Blend (final)
Blend
$9.28M
Owner & transaction history
Kan LLC · 2 yrs held
Kan LLC
since 2023
Last sale
$9.1M
4 recorded transactions
Zoning & alternative use
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
$11,340,000
ML approach
$11,185,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$12,665,000
Current use
INDUSTRIAL (GENERAL)
$12,300,000
Change: -3% · Conversion: Difficult
Blend value · Realmo final
$9.28M
Range $8.35M – $10.20M · ±10% · vs last sale $9.10M (Nov 29 2023)
Last sale anchor
$9.10M
Nov 29 2023
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
$131 / 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
$87,781
Tax year 2024
Assessed value
$6,292,965
Assessed 2024
Previous assessed
$6,292,965
+0.0% YoY
Effective rate
1.39%
On assessed value
Assessed land
$817,000
Assessed improvement
$5,475,965
Land market value
$817,000
Improvement market value
$5,475,965
Total market value
$6,292,965
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
1997
Heating
FLOOR/WALL FURNACE
Cooling
YES
Stories
5
Total area
70,729 SF
Lot
2.27 ac (98,881 SF)
Zoning code
IP
APN
157923
UPID
US53-2001556
Jurisdiction
DURHAM
Zoning & alternative use
IP · Durham, NC
Zoning IP · permitted uses
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
$12.7M
INDUSTRIAL (GENERAL)
Est. value
$12.3M
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
1997
Heating
FLOOR/WALL FURNACE
Cooling
Yes
Stories
5
Lot
2.27 ac
Current owner
From public records · entity-resolved
Kan LLC
Entity
Free & Clear · 2 yrs held
Mailing address
7930 SKYLAND RDG PKWY NW STE #200, RALEIGH, NC 27617-6815
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
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 5, 2025
—
Kan LLC
—
Deed
related
$12,400,000 · Benchmark Community Bank
Nov 29, 2023
$9,100,500
Kan LLC
Blue Cougar Rdu II LLC
Special Warranty Deed
—
Jun 3, 2016
$6,325,000
Blue Cougar Rdu II LLC
Blue Cougar Rdu LLC
Grant Deed
$5,500,000 · Benefit Street Ptrs Cre Fin Ll
Nov 13, 2012
$5,600,000
Blue Cougar Rdu LLC
Gunatit Investment INC
Grant Deed
related
$3,979,885 · Wells Fargo Bk #2006-1q12 (ce)
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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