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Property profile & analytics
OFF-MARKET
Estimated value
$21,635,000
Hotels
600 College St Charlotte, NC 28202-1830
Entity Owned
8-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US53-4686575
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2019
Total area
298,724 SF
Lot
0.56 ac (24,213 SF)
APN
12512107
UPID
US53-4686575
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
-
601 E. TRADE STREET Hotel & Motel
-
Estacionamiento Hotel & Motel Bed & Breakfast
-
Sheppard Robert H Law Firm
-
Hewitt Lawrence W Law Firm
-
Barnes Catherine A Law Firm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$21.38M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$21.64M
Owner & transaction history
601 South Tryon LLC · 8 yrs held
601 South Tryon LLC
since 2018
4 recorded transactions
Zoning & alternative use
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%
$23,155,000
6.5%
$21,375,000
7%
$19,850,000
Blend value · Realmo final
$21.64M
Range $19.47M – $23.80M · ±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
$72 / 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
$590,345
Tax year 2023
Assessed value
$80,483,300
Assessed 2024
Previous assessed
$80,523,600
-0.1% YoY
Effective rate
0.73%
On assessed value
Assessed land
$4,684,100
Assessed improvement
$75,799,200
Land market value
$4,684,100
Improvement market value
$75,799,200
Total market value
$80,483,300
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
FORCED AIR
Cooling
CENTRAL
Stories
3
Units
381
Total area
298,724 SF
Lot
0.56 ac (24,213 SF)
APN
12512107
UPID
US53-4686575
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
Building & site characteristics
From public records
Year built
2019
Heating
FORCED AIR
Cooling
Yes
Stories
3
Units
381
Lot
0.56 ac
Current owner
From public records · entity-resolved
601 South Tryon LLC
Entity
Mailing address
701 E 83RD AVE, MERRILLVILLE, IN 46410-9202
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2018
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
Mar 5, 2018
$11,932,000
601 South Tryon LLC
Crescent South Tryon LLC
Grant Deed
$167,750,000 · Regions Bk
Mar 5, 2018
$5,990,000
Crescent South Tryon LLC
Asana Partners Fund I Trs LLC
Grant Deed
—
Jul 17, 2017
$6,400,000
Asana Partners Fund I LLC Tr
Qsm Properties LP
Grant Deed
—
Jul 17, 2017
—
Asana Partners Fund I LLC Tr
Qsm Properties LP
Grant Deed
related
—
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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