New search
Property profile & analytics
OFF-MARKET
Estimated value
$8,295,000
Hotels
6920 Northlake Mall Dr, Charlotte, NC 28216-2857
Entity Owned
16-yr Hold
Absentee Owner
Free & Clear
Property ID
US53-3573234
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2008
Total area
110,261 SF
Lot
2.7 ac (117,656 SF)
Zoning code
CC
APN
2509128
UPID
US53-3573234
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
-
Drury Inn & Suites Charlotte Northlake Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.21M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$8.30M
Owner & transaction history
Ddc Hotels INC · 16 yrs held
Ddc Hotels INC
since 2010
7 recorded transactions
Zoning & alternative use
CC · 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%
$11,060,000
6.5%
$10,210,000
7%
$9,480,000
Blend value · Realmo final
$8.30M
Range $7.47M – $9.12M · ±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
$75 / 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
$124,865
Tax year 2023
Assessed value
$17,023,200
Assessed 2024
Previous assessed
$20,580,800
-17.3% YoY
Effective rate
0.73%
On assessed value
Assessed land
$2,717,800
Assessed improvement
$14,305,400
Land market value
$2,717,800
Improvement market value
$14,305,400
Total market value
$17,023,200
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
2008
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Units
180
Total area
110,261 SF
Lot
2.7 ac (117,656 SF)
Zoning code
CC
APN
2509128
UPID
US53-3573234
Jurisdiction
MECKLENBURG
Zoning & alternative use
CC · Charlotte, NC
Zoning CC · permitted uses
CC · 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
2008
Heating
FORCED AIR
Cooling
Yes
Stories
3
Units
180
Lot
2.7 ac
Current owner
From public records · entity-resolved
Ddc Hotels INC
Entity
Free & Clear · 16 yrs held
Mailing address
13075 MANCHESTER RD #200, SAINT LOUIS, MO 63131-1836
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2010
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
Nov 23, 2020
—
Ddc Hotels INC
—
Deed Of Trust
related
$28,275,000 · Us Bk
Nov 21, 2016
—
Ddc Hotels INC
—
Deed
related
$16,903,829 · Us Bk
May 3, 2010
$1,650,000
Ddc Hotels INC
Trg Charlotte Land LLC
Grant Deed
—
May 3, 2010
—
Ddc Hotels INC
—
Deed Of Trust
related
$75,000,000 · Us Bank NA
Jul 2, 2009
—
Ddc Hotels INC
—
Deed Of Trust
related
$64,893 · Us Bk
Dec 21, 2007
$637,000
Trg Charlotte Land LLC
North Lake Land LLC
Grant Deed
—
—
—
Ddc Hotels INC
—
Deed Of Trust
related
$11,682,274 · Wells Fargo Bank
—
—
Ddc Hotels INC
—
Loan Modification
related
$16,903,829 · Us 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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