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Property profile & analytics
OFF-MARKET
Estimated value
$3,295,000
Motels
540 Pressley Rd, Charlotte, NC 28217-4603
Entity Owned
20-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-1314767
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1996
Total area
33,915 SF
Lot
2.88 ac (125,322 SF)
Zoning code
I-2
APN
14533106
UPID
US53-1314767
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
-
InTown Suites Extended Stay Charlotte NC - Airport Hotel & Motel Vacation Rental
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.43M
Comparable Approach
Comparable
$3.20M
Blend (final)
Blend
$3.30M
Owner & transaction history
Intown Suites Pressley Road LLC · 20 yrs held
Intown Suites Pressley Road LLC
since 2006
7 recorded transactions
Zoning & alternative use
I-2 · 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%
$2,630,000
6.5%
$2,425,000
7%
$2,255,000
Alternative Use
Use
Estimation
HOTEL/MOTEL
$5,230,000
Current use
Blend value · Realmo final
$3.30M
Range $2.97M – $3.62M · ±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
$97 / 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
$45,275
Tax year 2023
Assessed value
$6,172,400
Assessed 2024
Previous assessed
$6,266,900
-1.5% YoY
Effective rate
0.73%
On assessed value
Assessed land
$1,832,500
Assessed improvement
$4,339,900
Land market value
$1,832,500
Improvement market value
$4,339,900
Total market value
$6,172,400
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1996
Heating
FORCED AIR
Cooling
YES
Stories
3
Units
133
Total area
33,915 SF
Lot
2.88 ac (125,322 SF)
Zoning code
I-2
APN
14533106
UPID
US53-1314767
Jurisdiction
MECKLENBURG
Zoning & alternative use
I-2 · Charlotte, NC
Zoning I-2 · permitted uses
I-2 · 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.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$5.2M
HOTEL/MOTEL Current
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
1996
Heating
FORCED AIR
Cooling
Yes
Stories
3
Units
133
Lot
2.88 ac
Current owner
From public records · entity-resolved
Intown Suites Pressley Road LLC
Entity
Mailing address
2727 PACES FRY RD SE, ATLANTA, GA 30339-4053
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2006
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 13, 2025
—
Intown Suites Pressley Road LLC
—
Deed
related
$289,000,000 · German American Capital Corp
Nov 17, 2022
—
German American Capital Corporation
—
Deed
related
$120,000,000 · The Benefit Of The Holders Of Intown 202
Aug 2, 2022
—
Intown Suites Pressley Road LLC
—
Deed
related
$240,000,000 · Deutsche Bank
Dec 28, 2017
—
Intown Suites Pressley Road Ll
—
Grant Deed
related
$471,000,000 · Goldman Sachs Mtg
Jan 18, 2006
—
Intown Suites Pressley Road LLC
Slam Properties III LLC
Special Warranty Deed
$21,000,000 · Bear Stearns Commercial Mortgage In
Dec 29, 1998
—
Slam Properties III LLC
Suburban Holding
Grant Deed
related
—
Jun 13, 1996
$500,000
Suburban Holdings LP
Suburban Holding
Grant Deed
related
—
—
—
Intown Suites Pressley Road Ll
—
Deed Of Trust
related
$380,000,000 · Column Fin'l
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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