Building Summary

Data last updated on: 11/13/2024     Ownership current as of: 11/5/2024     Tax Year: 2024
REID 154215

PIN # 0738-16-9408

Location Address Property Description
4405 NC 55 HWY PROP-RED ROOF INNS INC/DB A-RED ROOF INN DBA/RED R PL:000113-000097
   
Property Owner Owner's Mailing Address
DURHAM HOSPITALITY GROUP LLC
2000 BEARCAT WY STE 102
MORRISVILLE NC 27560
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Building Location Address
4405 NC 55 HWY
Card   of  1        Section   of  3
Building Details

Building Name MOTEL
Primary Occupancy Type COMMERCIAL
Primary Occupancy 56M-MOTEL-MASONRY
Primary Class H1M
Primary Quality C+
Year Built 1986
Effective Year 1986
Physical Depreciation (Rating) CGR-CDU PERCENTAGE
Physical Depreciation (% Bad) 32.00
Economic Depreciation (% Bad)
Functional Depreciation (% Bad) 13.00
Gross Leasable Area (SQFT) 34014
Remodeled Year
Total Stories

Section Details

Occupancy Type COMMERCIAL


50S-ELV-STOP-COM 3
53-HYDRAULIC-PASSANG 1
Occupancy 56M-MOTEL-MASONRY
Class H1M
Quality C+
Depreciation 32%
Depreciation CGR-CDU PERCENTAGE
Heat 11-UN-WALL-HEAT-COM
Exterior Walls N/A-EXT-WALL
Building Total & Improvement Details

Total Adjusted Replacement Cost New $3,517,609
Physical Depreciation (% Bad) CGR-CDU PERCENTAGE 32.00
Depreciated Value $2,391,974
Economic Depreciation (% Bad) 0
Functional Depreciation (% Bad) 13.00
Total Depreciated Value $2,081,017
Market Area Factor 1.00
Building Value $2,104,698
Misc Improvements Value $35,310
Total Improvement Value $2,140,008

Assessed Land Value $395,703
   
Assessed Total Value $2,535,711


Addition Summary 
StoryTypeCodeArea
1.00 Commercial Storage 56 364
3.00 Canopy Commercial 41 1335
3.00 Canopy Commercial 41 240
1.00 Canopy Commercial 41 120
3.00 Canopy Commercial 41 480
3.00 Canopy Commercial 41 1305
 
Other Improvements 
UnitsDescriptionItemCodeYear% BadValue
42800 SIZE Asphalt Paving 1986 75 35310
 


Building Sketch
Photograph
Building Sketch Building Photo
(Click sketch for bigger image)




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