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Property profile & analytics
OFF-MARKET
Estimated value
$4,365,000
Hotels
6023 Park S Dr, Charlotte, NC 28210-3240
Entity Owned
14-yr Hold
~
Est. High Equity
Property ID
US53-0066460
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1988
Total area
81,970 SF
Lot
4.97 ac (216,319 SF)
Zoning code
O-1
APN
17902241
UPID
US53-0066460
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
-
Courtyard Charlotte SouthPark Hotel & Motel
-
6023 Park South Drive Parking Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.87M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.37M
Owner & transaction history
Hatpark South LLC · 14 yrs held
Hatpark South LLC
since 2011
7 recorded transactions
Zoning & alternative use
O-1 · 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%
$6,355,000
6.5%
$5,865,000
7%
$5,445,000
Blend value · Realmo final
$4.37M
Range $3.93M – $4.80M · ±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
$53 / 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
$163,591
Tax year 2023
Assessed value
$22,302,800
Assessed 2024
Previous assessed
$23,221,000
-4.0% YoY
Effective rate
0.73%
On assessed value
Assessed land
$10,504,100
Assessed improvement
$11,798,700
Land market value
$10,504,100
Improvement market value
$11,798,700
Total market value
$22,302,800
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
Hotels
Use group
HOTEL
Status
Off-Market
Year built
1988
Heating
HEAT PUMP
Cooling
WALL UNIT
Stories
3
Units
149
Total area
81,970 SF
Lot
4.97 ac (216,319 SF)
Zoning code
O-1
APN
17902241
UPID
US53-0066460
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.
Building & site characteristics
From public records
Year built
1988
Heating
HEAT PUMP
Cooling
Yes
Stories
3
Units
149
Lot
4.97 ac
Current owner
From public records · entity-resolved
Hatpark South LLC
Entity
Mailing address
1717 MCKINNEY AVE STE #1900, DALLAS, TX 75202-1253
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 13, 2024
—
Cbm Two Hotels LP
—
Deed
related
$677,000,000 · German American Capital Corp
Jan 17, 2020
—
Cbm Two Hotels LP
—
Deed
related
$684,000 · Dbr Invs Co Ltd
Aug 2, 2011
—
Hatpark South LLC
D & A Investment Group LLC
Grant Deed
$2,755,080 · State Bank & Trust
Apr 20, 2005
—
D & A Inv Group LLC
Owner,record
Grant Deed
related
—
Apr 4, 2005
—
D & A Investment Group LLC
D & A Investment Group LLC
Quit Claim Deed
related
—
Jun 4, 2004
$4,855,000
Cnlrs Acquisitions INC
Lnr Park South Hotel INC
Grant Deed
—
Mar 26, 2004
—
Lnr Park South Hotel INC
Queens Properties LLC
Grant Deed
related
—
Mar 30, 1999
—
Queens Properties INC
Southexecutive,p
Grant Deed
related
—
—
—
Cbm Two Hotels LP
—
Deed Of Trust
related
$670,000,000 · German Am Cap
—
—
Cbm Two Hotels LP
—
Deed Of Trust
related
$684,000 · Dbr Invs Co Ltd
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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