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Property profile & analytics
OFF-MARKET
Estimated value
$3,135,000
Hotels
Williams Rd Monroe, NC 28110
Entity Owned
17-yr Hold
Free & Clear
Property ID
US53-2702779
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2013
Construction
CONCRETE
Total area
62,865 SF
Lot
4.87 ac (212,224 SF)
Zoning code
CD MONROE
APN
09-261-008B
UPID
US53-2702779
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$3.14M
Owner & transaction history
Shri Vasudev Hospitality LLC · 17 yrs held
Shri Vasudev Hospitality LLC
since 2009
7 recorded transactions
Zoning & alternative use
CD MONROE · Monroe, NC
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 Monroe submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Monroe 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
AUTO REPAIR, GARAGE
$3,345,000
Change: 0% · Conversion: Difficult
Blend value · Realmo final
$3.14M
Range $2.82M – $3.45M · ±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
$50 / 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
$95,328
Tax year 2023
Assessed value
$8,741,700
Assessed 2023
Previous assessed
$8,741,700
+0.0% YoY
Effective rate
1.09%
On assessed value
Assessed land
$1,195,400
Assessed improvement
$7,546,300
Land market value
$1,195,400
Improvement market value
$7,546,300
Total market value
$8,741,700
Applied tax rate
200.0000
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
2013
Construction
CONCRETE
Heating
YES
Stories
4
Total area
62,865 SF
Lot
4.87 ac (212,224 SF)
Zoning code
CD MONROE
APN
09-261-008B
UPID
US53-2702779
Jurisdiction
UNION
Zoning & alternative use
CD MONROE · Monroe, NCZoning CD MONROE · permitted uses
CD MONROE · Monroe, NC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
monroe udo
Alternative use value scenarios
Repositioning upside vs current use
AUTO REPAIR, GARAGE
Est. value
$3.3M
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
2013
Construction
CONCRETE
Heating
YES
Stories
4
Lot
4.87 ac
Current owner
From public records · entity-resolved
Shri Vasudev Hospitality LLC
Entity
Free & Clear · 17 yrs held
Mailing address
412 W ROOSEVELT BLVD, MONROE, NC 28110-3538
Ownership since
2009
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
Sep 14, 2012
—
Shri Vasudev Hospitality LLC
—
Deed Of Trust
related
$5,000,000 · Stearns Bank NA
May 20, 2009
$1,075,000
Shri Vasudev Hospitality LLC
Griffin Land Holdings LLC
Warranty Deed
—
Jan 28, 2005
—
4 Corners Realty LLC
—
Trustees Deed
related
$50,000 · Branch Banking & Trust Co
Apr 27, 2004
$1,375,000
Cvs 3593 Nc LLC
Bruce H Griffin JR Family
Grant Deed
—
Apr 22, 2004
$1,375,000
Cvs 3593 Nc LLC
Bruce,h Griffin
Trustees Deed
—
—
—
Shri Vasudev Hospitality LLC
—
Loan Modification
related
—
—
—
Shri Vasudev Hospitality LLC
—
Loan Modification
related
—
—
—
Shri Vasudev Hospitality LLC
—
Deed Of Trust
related
$5,500,000 · First Citizens 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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