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Property profile & analytics
OFF-MARKET
Estimated value
$13,700,000
Hotels
535 Collins Aikman Dr, Charlotte, NC 28262-3315
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US53-4686212
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2019
Total area
59,980 SF
Lot
2.51 ac (109,161 SF)
APN
4721223
UPID
US53-4686212
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
$11.49M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$13.32M
Blend (final)
Blend
$13.70M
Owner & transaction history
Bhg Ffls Of Charlotte LLC · 4 yrs held
Bhg Ffls Of Charlotte LLC
since 2021
Last sale
$15.0M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$19.4M
+110.1%
Neighborhood: shopping center
$17.9M
+93.9%
Auto repair, garage
$15.6M
+69.1%
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
$17,615,000
ML approach
$11,485,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$9,245,000
Current use
RETAIL STORES
$19,425,000
Change: +110% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$17,930,000
Change: +94% · Conversion: Difficult
AUTO REPAIR, GARAGE
$15,630,000
Change: +69% · Conversion: Difficult
Blend value · Realmo final
$13.70M
Range $12.33M – $15.07M · ±10% · vs last sale $15.00M (Jul 23 2021)
Last sale anchor
$15.00M
Jul 23 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
$228 / 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
$94,179
Tax year 2023
Assessed value
$12,839,700
Assessed 2024
Previous assessed
$12,982,300
-1.1% YoY
Effective rate
0.73%
On assessed value
Assessed land
$1,726,000
Assessed improvement
$11,113,700
Land market value
$1,726,000
Improvement market value
$11,113,700
Total market value
$12,839,700
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
2019
Heating
NONE
Stories
4
Total area
59,980 SF
Lot
2.51 ac (109,161 SF)
APN
4721223
UPID
US53-4686212
Jurisdiction
MECKLENBURG
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$9.2M
RETAIL STORES
Est. value
$19.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$17.9M
AUTO REPAIR, GARAGE
Est. value
$15.6M
HOTEL/MOTEL Current
RETAIL STORES
NEIGHBORHOOD: SHOPPING CENTER
AUTO REPAIR, GARAGE
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
2019
Heating
NONE
Stories
4
Lot
2.51 ac
Current owner
From public records · entity-resolved
Bhg Ffls Of Charlotte LLC
Entity
Mailing address
2640 47TH ST S, FARGO, ND 58104-8517
Ownership since
2021
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
Oct 23, 2024
—
Bhg Ffis Of Charlotte LLC
—
Deed
related
$9,150,000 · First International Bank & Trust
Jul 23, 2021
$15,000,000
Bhg Ffls Of Charlotte LLC
Queen City Hotel INC
Special Warranty Deed
$9,750,000 · First International Bank & Trust
Jul 23, 2021
—
Bhg Ffis Of Charlotte LLC
—
Deed
related
$9,750,000 · First International Bank & Trust
Jan 30, 2018
$100,000
Queen City Hotel INC
City Center Hotel INC
Special Warranty Deed
$6,656,900 · Capital Bank
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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