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Property profile & analytics
OFF-MARKET
Estimated value
$7,435,000
Hotels
9900 Matthews Park Dr Matthews, NC 28105-1715
Entity Owned
~
Est. High Equity
Property ID
US53-5765822
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1997
Total area
34,363 SF
Lot
1.57 ac (68,520 SF)
Zoning code
B-3(CD)
APN
19323137
UPID
US53-5765822
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
-
Sleep Inn Matthews-Charlotte Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$7.38M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$6.89M
Blend (final)
Blend
$7.44M
Owner & transaction history
Sonal LLC
Sonal LLC
since 2026
Last sale
$7.5M
7 recorded transactions
Zoning & alternative use
B-3(CD) · Matthews, NC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$10.9M
+103.4%
Office building
$10.8M
+100.7%
Neighborhood: shopping center
$9.9M
+84.9%
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 Matthews submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Matthews 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
$7,470,000
ML approach
$7,380,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$5,360,000
Current use
RETAIL STORES
$10,905,000
Change: +103% · Conversion: Difficult
OFFICE BUILDING
$10,765,000
Change: +101% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$9,915,000
Change: +85% · Conversion: Difficult
Blend value · Realmo final
$7.44M
Range $6.69M – $8.18M · ±10% · vs last sale $7.45M (Jun 29 2022)
Last sale anchor
$7.45M
Jun 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
$216 / 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
$49,825
Tax year 2023
Assessed value
$6,736,700
Assessed 2024
Previous assessed
$6,822,600
-1.3% YoY
Effective rate
0.74%
On assessed value
Assessed land
$1,882,200
Assessed improvement
$4,854,500
Land market value
$1,882,200
Improvement market value
$4,854,500
Total market value
$6,736,700
Applied tax rate
19.0000
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
79
Total area
34,363 SF
Lot
1.57 ac (68,520 SF)
Zoning code
B-3(CD)
APN
19323137
UPID
US53-5765822
Jurisdiction
MECKLENBURG
Zoning & alternative use
B-3(CD) · Matthews, NC
Zoning B-3(CD) · permitted uses
B-3(CD) · Matthews, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Matthews. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$5.4M
RETAIL STORES
Est. value
$10.9M
OFFICE BUILDING
Est. value
$10.8M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$9.9M
HOTEL/MOTEL Current
RETAIL STORES
OFFICE BUILDING
NEIGHBORHOOD: SHOPPING CENTER
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
79
Lot
1.57 ac
Current owner
From public records · entity-resolved
Sonal LLC
Entity
Mailing address
900 MTN VIS LN, CARY, NC 27519-9624
Ownership since
2026
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 28, 2026
$7,150,000
Sonal LLC
Vision Hospitality LLC
Special Warranty Deed
$5,000,000 · Gbank
Jun 29, 2022
$7,450,000
Vision Hospitality LLC
Finn Hospitality INC
Special Warranty Deed
$5,215,000 · Lumbee Guaranty Bank
Jul 14, 2020
—
Finn Hospitality INC
—
Deed
related
$3,571,750 · Bancorp Bk
Oct 4, 2019
$6,650,000
Finn Hospitality INC
Sns Properties LLC
Special Warranty Deed
$3,571,750 · The Bancorp Bank
Jun 29, 2017
—
Sns Properties LLC
—
Deed
related
$2,750,000 · Branch Bk&tr
Apr 10, 2006
$2,700,000
Sns Properties LLC
Matthews Hotel Associates
Warranty Deed
$2,160,000 · Piedmont Bank
—
—
Finn Hospitality INC
—
Deed Of Trust
related
$3,571,750 · Bancorp Bk
—
—
Finn Hospitality INC
—
Deed Of Trust
related
$2,203,000 · Business Expansion Fndg
—
—
Sns Properties LLC
—
Deed Of Trust
related
$2,750,000 · 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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