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Property profile & analytics
OFF-MARKET
Hotels
848 Halstead Blvd Elizabeth City, NC 27909-6919
Entity Owned
8-yr Hold
~
Est. High Equity
Property ID
US53-4335645
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1998
Construction
FRAME
Lot
2.2 ac (95,658 SF)
Zoning code
HB
APN
891310256624
UPID
US53-4335645
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
-
Baymont Elizabeth City Hotel & Motel
-
SureStay Plus Hotel By Best Western Elizabeth City Hotel & Motel
-
Baymont by Wyndham Elizabeth City, NC Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Ram Chaya LLC · 8 yrs held
Ram Chaya LLC
since 2018
4 recorded transactions
Zoning & alternative use
HB · Elizabeth City, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The HB Highway Business District is established as a district in which to accommodate highway oriented retail and commercial service businesses which generally have as their market area the entire city and surrounding region, the major objectives of this district are to encourage planned commercial and office parks, discourage small lot development along maj…
Zone name
Highway Business
General category
COMMERCIAL
Zone area
313.15 ac
Source
Realmo
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 Elizabeth City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Elizabeth City 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
Assessed value
$2,649,000
Assessed 2023
Previous assessed
$2,649,000
+0.0% YoY
Land market value
$482,400
Improvement market value
$2,166,600
Total market value
$2,649,000
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/MOTEL
Status
Off-Market
Year built
1998
Construction
FRAME
Heating
HEAT PUMP
Cooling
CENTRAL
Units
82
Lot
2.2 ac (95,658 SF)
Zoning code
HB
APN
891310256624
UPID
US53-4335645
Jurisdiction
PASQUOTANK
Zoning & alternative use
HB · Elizabeth City, NCZoning HB · permitted uses
HB · Elizabeth City, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The HB Highway Business District is established as a district in which to accommodate highway oriented retail and commercial service businesses which generally have as their market area the entire city and surrounding region, the major objectives of this district are to encourage planned commercial and office parks, discourage small lot development along major highways, require vehicular access from service drives and other local commercial streets, and provide a location for major shopping facilities and commercial uses requiring large outdoor spaces
Zone name
Highway Business
General category
COMMERCIAL
Zone area
313.15 ac
Source
Realmo
Building & site characteristics
From public records
Year built
1998
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Units
82
Lot
2.2 ac
Current owner
From public records · entity-resolved
Ram Chaya LLC
Entity
Mailing address
735 NC 24TH 27TH BYP E, ALBEMARLE, NC 28001-5349
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
Jul 18, 2019
—
Ram Chaya LLC
—
Deed
related
$400,000 · Providence Bank
Jul 13, 2018
—
Ram Chaya LLC
Isha Investments LLC
Special Warranty Deed
$219,407 · Isha Investments LLC
Feb 4, 2013
$180,000
Isha Investments LLC
Cosmo Hospitality One INC
Special Warranty Deed
$731,000 · Province Bank
Jun 11, 2007
$2,822,000
Cosmo Hospitality One INC
Meads Enterprises INC
Warranty Deed
$1,509,000 · Community South Bank
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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