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Property profile & analytics
OFF-MARKET
Estimated value
$11,730,000
Hotels
5630 Dillard Dr, Cary, NC 27518-9225
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-1777799
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1999
Construction
CONCRETE BLOCKS
Total area
66,606 SF
Lot
1.98 ac (86,249 SF)
Zoning code
GC
APN
0773.20-80-2041 0240144
UPID
US53-1777799
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
-
Holiday Inn & Suites Raleigh-Cary (I-40 @Walnut St), an IHG Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$10.91M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$14.94M
Blend (final)
Blend
$11.73M
Owner & transaction history
Crossroads Hotels LLC · 3 yrs held
Crossroads Hotels LLC
since 2022
Last sale
$11.7M
7 recorded transactions
Zoning & alternative use
GC · Cary, 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 Cary submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Cary 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
$12,620,000
ML approach
$10,910,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$13,920,000
Current use
Blend value · Realmo final
$11.73M
Range $10.56M – $12.90M · ±10% · vs last sale $11.70M (Oct 28 2022)
Last sale anchor
$11.70M
Oct 28 2022
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
$176 / 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
$105,612
Tax year 2023
Assessed value
$10,540,144
Assessed 2023
Previous assessed
$10,540,144
+0.0% YoY
Effective rate
1.00%
On assessed value
Assessed land
$2,302,848
Assessed improvement
$8,237,296
Land market value
$2,302,848
Improvement market value
$8,237,296
Total market value
$10,540,144
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/MOTEL
Status
Off-Market
Year built
1999
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
CENTRAL
Stories
5
Units
120
Rooms
180
Total area
66,606 SF
Lot
1.98 ac (86,249 SF)
Zoning code
GC
APN
0773.20-80-2041 0240144
UPID
US53-1777799
Jurisdiction
WAKE
Zoning & alternative use
GC · Cary, NC
Zoning GC · permitted uses
GC · Cary, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Cary. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$13.9M
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
1999
Construction
CONCRETE BLOCKS
Heating
CENTRAL
Cooling
Yes
Stories
5
Units
120
Rooms
180
Lot
1.98 ac
Current owner
From public records · entity-resolved
Crossroads Hotels LLC
Entity
Mailing address
2000 BEAR CAT WAY STE #102, MORRISVILLE, NC 27560-6620
Ownership since
2022
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
Oct 28, 2022
$11,700,000
Crossroads Hotels LLC
Cary Hospitality LLC
Special Warranty Deed
$8,190,000 · Langley FCU
Jan 13, 2021
—
Cary Hospitality LLC
—
Deed
related
$5,528,928 · Synovus Bk
Mar 22, 2017
—
Cary Hospitality LLC
—
Deed
related
$5,775,000 · Florida Cmnty Bk
May 26, 2016
$8,550,000
Cary Hospitality LLC
5630 Dillard Road LLC
Grant Deed
—
Nov 10, 2014
$8,250,000
5630 Dillard Road LLC
Trachtman James B|hi Austin LLC
Trustees Deed
—
Jun 20, 2006
—
Hi Austin LLC
Gss Raleigh LLC
Grant Deed
$9,300,000 · Column Financial INC
—
—
Cary Hospitality LLC
—
Deed Of Trust
related
$5,775,000 · Florida Cmnty Bk
—
—
Cary Hospitality LLC
—
Loan Modification
related
$5,528,928 · Synovus Bk
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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