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Property profile & analytics
OFF-MARKET
Estimated value
$7,790,000
Hotels
7920 Arrowridge Blvd, Charlotte, NC 28273-5681
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-5755371
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1997
Total area
38,417 SF
Lot
1.88 ac (81,762 SF)
Zoning code
I-1
APN
20303128
UPID
US53-5755371
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
-
Fairfield Inn & Suites Charlotte Arrowood Hotel & Motel
-
7920 Arrowridge Blvd Parking Parking Lot & Garage
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$8.30M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$7.76M
Blend (final)
Blend
$7.79M
Owner & transaction history
Shree Tulja Hotels Of Clt LLC · 3 yrs held
Shree Tulja Hotels Of Clt LLC
since 2022
Last sale
$7.7M
6 recorded transactions
Zoning & alternative use
I-1 · Charlotte, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$12.4M
+110.1%
Neighborhood: shopping center
$11.5M
+93.9%
Auto repair, garage
$10.0M
+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
$7,965,000
ML approach
$8,300,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$5,920,000
Current use
RETAIL STORES
$12,445,000
Change: +110% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$11,485,000
Change: +94% · Conversion: Difficult
AUTO REPAIR, GARAGE
$10,010,000
Change: +69% · Conversion: Difficult
Blend value · Realmo final
$7.79M
Range $7.01M – $8.57M · ±10% · vs last sale $7.73M (Sep 29 2022)
Last sale anchor
$7.73M
Sep 29 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
$203 / 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
$55,558
Tax year 2023
Assessed value
$7,574,300
Assessed 2024
Previous assessed
$7,620,500
-0.6% YoY
Effective rate
0.73%
On assessed value
Assessed land
$1,068,000
Assessed improvement
$6,506,300
Land market value
$1,068,000
Improvement market value
$6,506,300
Total market value
$7,574,300
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
1997
Heating
FORCED AIR
Cooling
CENTRAL
Stories
3
Units
82
Total area
38,417 SF
Lot
1.88 ac (81,762 SF)
Zoning code
I-1
APN
20303128
UPID
US53-5755371
Jurisdiction
MECKLENBURG
Zoning & alternative use
I-1 · Charlotte, NC
Zoning I-1 · permitted uses
I-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
$5.9M
RETAIL STORES
Est. value
$12.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$11.5M
AUTO REPAIR, GARAGE
Est. value
$10.0M
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
3
Units
82
Lot
1.88 ac
Current owner
From public records · entity-resolved
Shree Tulja Hotels Of Clt LLC
Entity
Mailing address
15020 REDWOOD VLY LN, CHARLOTTE, NC 28277-3289
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 29, 2022
$7,725,000
Shree Tulja Hotels Of Clt LLC
Ohm Hotels Arrowood LLC
Special Warranty Deed
$3,936,558 · The Fidelity Bank
May 8, 2017
—
Arrowood Lodging LLC
—
Deed
related
$3,700,000 · Branch Bk&tr
Jun 1, 2007
$5,125,000
Arrowood Lodging LLC
Sree-arrowood LLC
Warranty Deed
$4,250,000 · Regions Bank
Oct 18, 1996
$474,000
Sree,arrowood LLC
—
Grant Deed
related
$2,640,000 · United Carolina Bank
May 16, 1996
$474,000
Sree-arrowood,llc
Sree-arrowood,ll
Grant Deed
related
—
—
—
Arrowood Lodging LLC
—
Deed Of Trust
related
$3,700,000 · Branch Bk&tr
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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