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Property profile & analytics
OFF-MARKET
Estimated value
$3,985,000
Bed & breakfasts
11 George St Charleston, SC 29401-1523
Individually Owned
2-yr Hold
Property ID
US77-2883781
Property profile
Verified
Property type
Bed & breakfasts
Use group
BED & BREAKFAST
Year built
1813
Total area
5,864 SF
Lot
0.27 ac (11,761 SF)
APN
458-01-03-003
UPID
US77-2883781
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
-
The George Street Inn Hotel & Motel Bed & Breakfast
-
City Centre Inn Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.08M
Blend (final)
Blend
$3.99M
Owner & transaction history
Michael N Russo JR · 2 yrs held
Michael N Russo JR
since 2023
Last sale
$3.8M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$6.5M
+3.1%
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 Charleston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Charleston 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
$4,260,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$6,255,000
Current use
APARTMENT HOUSE (5+ UNITS)
$6,450,000
Change: +3% · Conversion: Difficult
COMMERCIAL (GENERAL)
$5,070,000
Change: -19% · Conversion: Difficult
Blend value · Realmo final
$3.99M
Range $4.17M – $4.26M · vs last sale $3.75M (Dec 5 2023)
Last sale anchor
$3.75M
Dec 5 2023
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
$680 / 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
$59,612
Tax year 2023
Assessed value
$143,850
Assessed 2023
Previous assessed
$215,790
-33.3% YoY
Effective rate
41.44%
On assessed value
Land market value
$1,177,100
Improvement market value
$2,419,300
Total market value
$3,596,400
Applied tax rate
7.0000
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
Bed & breakfasts
Use group
BED & BREAKFAST
Status
Off-Market
Year built
1813
Heating
FORCED AIR
Cooling
CENTRAL
Stories
2
Bathrooms
6
Total area
5,864 SF
Lot
0.27 ac (11,761 SF)
APN
458-01-03-003
UPID
US77-2883781
Jurisdiction
CHARLESTON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$6.3M
APARTMENT HOUSE (5+ UNITS)
Est. value
$6.5M
COMMERCIAL (GENERAL)
Est. value
$5.1M
HOTEL/MOTEL Current
APARTMENT HOUSE (5+ UNITS)
COMMERCIAL (GENERAL)
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
1813
Heating
FORCED AIR
Cooling
Yes
Stories
2
Bathrooms
6
Lot
0.27 ac
Current owner
From public records · entity-resolved
Michael N Russo JR
Individual
Mailing address
11 GEORGE ST, CHARLESTON, SC 29401-1523
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2023
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
Dec 5, 2023
$3,750,000
Michael N Russo JR
11 George LLC
Deed
$2,962,500 · South Atlantic Bank
Nov 29, 2017
$3,410,000
11 George LLC
City Centre Inn LLC
Grant Deed
—
Nov 13, 2015
—
City Centree Inn INC
Nemes,richard A & Glenda C
Grant Deed
related
—
Mar 31, 2014
$1,150,000
Richard A Nemes
Murray,john W & Sarah A L
Grant Deed
—
Oct 31, 2008
—
John W Murray
—
Trustees Deed
related
$303,000 · Martin & Catherine Riccio
Jan 3, 2006
—
John W Murray
—
Trustees Deed
related
$1,165,000 · Onward Financial LLC
—
—
John Murray
—
Deed Of Trust
related
$47,066 · Onward Financial LLC
—
—
John W Murray
—
Deed Of Trust
related
$946,000 · Countrywide Home Loans INC
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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