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Property profile & analytics
OFF-MARKET
Estimated value
$8,840,000
Motels
5822 Westpark Dr, Charlotte, NC 28217-3556
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-0189411
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1985
Total area
56,566 SF
Lot
3.43 ac (149,193 SF)
Zoning code
I-2
APN
16926116
UPID
US53-0189411
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 Inn Charlotte Airport Uptown Hotel & Motel
-
LibertyX Bitcoin ATM Atm Currency Exchange Service
-
Safiar LLC Hotel & Motel
-
فندقنا شارلوت Hotel & Motel
-
start page (Bike/Boat/Book/etc) Store Bakery
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.27M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$8.23M
Blend (final)
Blend
$8.84M
Owner & transaction history
Epkon LLC · 3 yrs held
Epkon LLC
since 2022
Last sale
$8.8M
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
$9,085,000
ML approach
$9,270,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$8,720,000
Current use
Blend value · Realmo final
$8.84M
Range $7.96M – $9.72M · ±10% · vs last sale $8.81M (Jul 11 2022)
Last sale anchor
$8.81M
Jul 11 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
$156 / 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
$52,808
Tax year 2023
Assessed value
$7,199,500
Assessed 2024
Previous assessed
$8,817,200
-18.3% YoY
Effective rate
0.73%
On assessed value
Assessed land
$730,800
Assessed improvement
$6,468,700
Land market value
$730,800
Improvement market value
$6,468,700
Total market value
$7,199,500
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
1985
Heating
HEAT PUMP
Cooling
WALL UNIT
Stories
3
Units
143
Total area
56,566 SF
Lot
3.43 ac (149,193 SF)
Zoning code
I-2
APN
16926116
UPID
US53-0189411
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
$8.7M
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
1985
Heating
HEAT PUMP
Cooling
Yes
Stories
3
Units
143
Lot
3.43 ac
Current owner
From public records · entity-resolved
Epkon LLC
Entity
Mailing address
213 SLATE BLUE PL, CARY, NC 27519-1833
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 11, 2022
$8,811,500
Epkon LLC
Shreeji Maya INC
Special Warranty Deed
$6,000,000 · United Community Bank
Jun 27, 2017
—
Shreeji Maya INC
—
Trustees Deed
related
$265,000 · Bank Of Nc
Mar 28, 2016
$5,600,000
Shreeji Maya INC
Sahar LLC
Grant Deed
$6,208,000 · High Point Bk&tr
May 3, 2006
$3,675,000
Sahar LLC
Barot,bharat C & Lilaben
Warranty Deed
$2,037,500 · Unity Bank
Nov 23, 2004
—
Lilaben Barot
Barot,bharat C & Lilaben
Quit Claim Deed
related
—
Mar 31, 1995
$4,213,500
Kwc Properties Corp
Kwc Properties C
Grant Deed
related
—
May 2, 1988
$4,213,500
Franklin Ben Enterprises
Unknown
Grant Deed
—
—
—
Sahar LLC
—
Deed Of Trust
related
$1,467,000 · Business Expansion Funding Cor
—
—
Bharat C Barot
—
Deed Of Trust
related
$2,073,223 · Ge Capital Corp
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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