New search
Property profile & analytics
OFF-MARKET
Estimated value
$11,180,000
Hotels
8700 Research Dr, Charlotte, NC 28262-8570
Entity Owned
3-yr Hold
~
Est. High Equity
Property ID
US53-0459388
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2000
Total area
72,111 SF
Lot
3.57 ac (155,335 SF)
Zoning code
O-1(CD)
APN
4714120
UPID
US53-0459388
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
-
SpringHill Suites Charlotte University Research Park Hotel & Motel
-
8700 Research Drive Parking Parking Lot & Garage
-
All Rat Services Charlotte Department Store Grocery & Convenience Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.91M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$12.14M
Blend (final)
Blend
$11.18M
Owner & transaction history
Sree Uncc Hotel Partners LLC · 3 yrs held
Sree Uncc Hotel Partners LLC
since 2022
Last sale
$11.2M
7 recorded transactions
Zoning & alternative use
O-1(CD) · 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
$11,515,000
ML approach
$9,910,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$11,115,000
Current use
Blend value · Realmo final
$11.18M
Range $10.06M – $12.30M · ±10% · vs last sale $11.17M (Oct 28 2022)
Last sale anchor
$11.17M
Oct 28 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
$155 / 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
$82,831
Tax year 2023
Assessed value
$11,292,500
Assessed 2024
Previous assessed
$13,131,200
-14.0% YoY
Effective rate
0.73%
On assessed value
Assessed land
$1,890,800
Assessed improvement
$9,401,700
Land market value
$1,890,800
Improvement market value
$9,401,700
Total market value
$11,292,500
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
2000
Heating
FORCED AIR
Cooling
CENTRAL
Stories
4
Units
136
Rooms
30
Total area
72,111 SF
Lot
3.57 ac (155,335 SF)
Zoning code
O-1(CD)
APN
4714120
UPID
US53-0459388
Jurisdiction
MECKLENBURG
Zoning & alternative use
O-1(CD) · Charlotte, NC
Zoning O-1(CD) · permitted uses
O-1(CD) · 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
$11.1M
HOTEL/MOTEL Current
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
2000
Heating
FORCED AIR
Cooling
Yes
Stories
4
Units
136
Rooms
30
Lot
3.57 ac
Current owner
From public records · entity-resolved
Sree Uncc Hotel Partners LLC
Entity
Mailing address
5113 PIPER STA DR, CHARLOTTE, NC 28277-6689
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 28, 2022
$11,169,000
Sree Uncc Hotel Partners LLC
Rss Msbam2015 C20 Nc Acl LLC
Special Warranty Deed
$18,000,000 · First Citizens Bank & Trust Co
Apr 29, 2021
$9,000,000
Wells Fargo Bank National Associati
Ashford Charlotte Limited Partnersh
Trustees Deed
related
—
Jun 29, 2005
$7,487,500
Ashford Charlotte LP
Cnl Hospitality Partners LP
Special Warranty Deed
$80,140,000 · Merrill Lynch Mortgage Lending INC
Jun 29, 2005
—
Charlotte Ashford
Owner,record
Grant Deed
related
—
Nov 10, 2004
—
Cnl Hospitality Partners
—
Deed Of Trust
related
$353,475,000 · Deutsche Bank Trust Co America
—
—
Charlotte Ashford
—
Deed Of Trust
related
$80,350,000 · Merrill Lynch Mortgage Lending
—
—
Ashford Charlotte LP
—
Deed Of Trust
related
$21,225,000 · Bank Of America
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 8700 Research Dr?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
