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Property profile & analytics
OFF-MARKET
Estimated value
$3,715,000
Motels
5820 Monroe Rd, Charlotte, NC 28212-6100
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-5836577
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1997
Total area
16,254 SF
Lot
1.27 ac (55,278 SF)
Zoning code
O-1
APN
16305122
UPID
US53-5836577
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
-
Greenleafe Inn Hotel & Motel
-
Rodeway Inn Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$3.95M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$3.56M
Blend (final)
Blend
$3.72M
Owner & transaction history
K Vision LLC · 3 yrs held
K Vision LLC
since 2023
Last sale
$3.6M
7 recorded transactions
Zoning & alternative use
O-1 · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$5.3M
+110.1%
Neighborhood: shopping center
$4.9M
+93.9%
Auto repair, garage
$4.2M
+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
$3,850,000
ML approach
$3,950,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$2,505,000
Current use
RETAIL STORES
$5,265,000
Change: +110% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$4,860,000
Change: +94% · Conversion: Difficult
AUTO REPAIR, GARAGE
$4,235,000
Change: +69% · Conversion: Difficult
Blend value · Realmo final
$3.72M
Range $3.34M – $4.09M · ±10% · vs last sale $3.60M (Mar 21 2023)
Last sale anchor
$3.60M
Mar 21 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
$229 / 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
$25,519
Tax year 2023
Assessed value
$3,479,000
Assessed 2024
Previous assessed
$3,938,600
-11.7% YoY
Effective rate
0.73%
On assessed value
Assessed land
$1,446,700
Assessed improvement
$2,032,300
Land market value
$1,446,700
Improvement market value
$2,032,300
Total market value
$3,479,000
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
1997
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Units
69
Total area
16,254 SF
Lot
1.27 ac (55,278 SF)
Zoning code
O-1
APN
16305122
UPID
US53-5836577
Jurisdiction
MECKLENBURG
Zoning & alternative use
O-1 · Charlotte, NC
Zoning O-1 · permitted uses
O-1 · 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
$2.5M
RETAIL STORES
Est. value
$5.3M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$4.9M
AUTO REPAIR, GARAGE
Est. value
$4.2M
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
1997
Heating
FORCED AIR
Cooling
Yes
Stories
2
Units
69
Lot
1.27 ac
Current owner
From public records · entity-resolved
K Vision LLC
Entity
Mailing address
4820 NATIONS XING RD STE D101, CHARLOTTE, NC 28217-1878
Mailing matches property
Yes
Owner-occupied
Yes
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 21, 2023
$3,600,000
K Vision LLC
5820 Green Clt INC
Special Warranty Deed
$2,900,000 · Gbank
Jun 10, 2022
$2,500,000
5820 Green Clt INC
Kathleen L Higgins LLC
Special Warranty Deed
$2,000,000 · Uwharrie Bank
Mar 30, 2011
$602,000
Kathleen L Higgins LLC
Zions First Natl Bk
Grant Deed
$301,000 · Zions First National Bank
May 24, 2010
$847,632
Zions First Natl Bk
Battle Winslow Scott & Wi
Trustees Deed
related
—
Nov 30, 2006
$2,300,000
Resi Suite Carolina LLC
Tobin,alice M
Warranty Deed
—
Oct 25, 1999
—
James L Myers
Suite,carolina I
Grant Deed
related
—
—
—
Resi Suite Carolina LLC
—
Deed Of Trust
related
$1,300,000 · Zions First National Bank
—
—
Suite Carolina INC
—
Deed Of Trust
related
$965,000 · Bank Of North Carolina
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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