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Guilford County Real Property Data

Building Summary

Data last updated on: 4/1/2026 Ownership current as of: 3/31/2026 Tax Year: 2026

REID 98396

PIN # 7814-57-7570

Location Address

Property Description

505 HICKORY RIDGE DR

CAP CARE SUBDIVISION LO:3

Property Owner

Owner's Mailing Address

CONCORD WP COL GREENSBORO LLC

11410 COMMON OAKS DR
RALEIGH NC 27614

Parcel

Buildings

Misc Improvements

Land

Deeds

Notes

Sales

Photos

Tax Bill

Map

Building Location Address

505 HICKORY RIDGE DR

Card

Section

Building Details

Building Name	Woodspring Suites
Primary Occupancy Type	Apartments, Hotels
Primary Occupancy	11-595-Hotel, Limite
Primary Class	C
Primary Quality	Average
Year Built	2022
Effective Year	2022
Physical Depreciation (Rating)	MSVPO - COMM ONLY
Physical Depreciation (% Bad)	3.00%
Economic Depreciation (% Bad)	0%
Functional Depreciation (% Bad)	0%
Gross Leasable Area (SQFT)	50463
Remodeled Year
Total Stories	4

Section Details

Occupancy Type	Apartments, Hotels

Air Conditioning	CENTRAL
FIXTURES	244
Class	C
Depreciation	3%
Depreciation	MSVPO - COMM ONLY
Heat	3-Default Heating
Interior Finish	DRYWALL/SHEETROCK
Occupancy	11-595-Hotel, Limite
Quality	Average
Sprinkler	683-Wet Sprinklers
Units	122
Exterior Walls	2-Default Wall

Building Total & Improvement Details

Total Adjusted Replacement Cost New	$7,227,504
Physical Depreciation (% Bad)	3.00%
Depreciated Value	$7,010,679
Economic Depreciation (% Bad)	0%
Functional Depreciation (% Bad)	0%
Total Depreciated Value	$7,010,679
Market Area Factor	1.00
Building Value	$7,010,700
Misc Improvements Value	$195,200
Total Improvement Value	$7,205,900

Assessed Land Value	$508,800

Assessed Total Value	$7,714,700

Addition Summary

Story	Type	Code	Area
1.00	Canopy	CAN0	114
1.00	Canopy	CAN0	570
1.00	Patio	PTO0	1576

Building Sketch	Photograph

(Click sketch for bigger image)

Per North Carolina General Statute 105-285-287 (d), all real property in North Carolina is subject to listing and valuation annually as it exists on January 1. Real Property assessments are based on market values as of the date of the last countywide reappraisal in 2026.

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