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Property profile & analytics
OFF-MARKET
Estimated value
$6,600,000
Hotels
1205 Hwy 17th Nbus Surfside Beach, SC 29575-6007
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US77-1993637
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1999
Construction
CONCRETE
Total area
32,208 SF
Lot
2.27 ac (98,881 SF)
Zoning code
C1
APN
459-15-02-0054
UPID
US77-1993637
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
$6.60M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.91M
Blend (final)
Blend
$6.60M
Owner & transaction history
Shree Ram Hospitality LLC · 1 yrs held
Shree Ram Hospitality LLC
since 2024
Last sale
$6.6M
7 recorded transactions
Zoning & alternative use
C1 · Surfside Beach, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Zoning description
The listed uses are permitted in the C1 highway commercial district provided that no part of the principal building is located closer than one hundred fifty (150) feet to any residential district, that no noise or air pollution be associated with the use, and that facilities do not create any safety hazards or nuisances as a result of their operation. (Ord.…
Zone name
Highway Commercial
General category
COMMERCIAL
Zone area
283.09 ac
Top alternative use upside
Medical building
$9.7M
+28.3%
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 Surfside Beach submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Surfside Beach 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
$6,600,000
ML approach
$6,600,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$7,565,000
Current use
MEDICAL BUILDING
$9,705,000
Change: +28% · Conversion: Difficult
RETAIL STORES
$6,545,000
Change: -14% · Conversion: Difficult
Blend value · Realmo final
$6.60M
Range $5.94M – $7.26M · ±10% · vs last sale $6.60M (Nov 14 2024)
Last sale anchor
$6.60M
Nov 14 2024
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
$205 / 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
$64,334
Tax year 2023
Assessed value
$140,866
Assessed 2023
Previous assessed
$140,866
+0.0% YoY
Effective rate
45.67%
On assessed value
Assessed land
$27,296
Assessed improvement
$113,570
Land market value
$454,930
Improvement market value
$2,585,000
Total market value
$3,039,930
Applied tax rate
660.0000
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/MOTEL
Status
Off-Market
Year built
1999
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
CENTRAL
Total area
32,208 SF
Lot
2.27 ac (98,881 SF)
Zoning code
C1
APN
459-15-02-0054
UPID
US77-1993637
Jurisdiction
HORRY
Zoning & alternative use
C1 · Surfside Beach, SCZoning C1 · permitted uses
C1 · Surfside Beach, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Zoning description
The listed uses are permitted in the C1 highway commercial district provided that no part of the principal building is located closer than one hundred fifty (150) feet to any residential district, that no noise or air pollution be associated with the use, and that facilities do not create any safety hazards or nuisances as a result of their operation. (Ord. No. 20-0913, 2-23-21)
Zone name
Highway Commercial
General category
COMMERCIAL
Zone area
283.09 ac
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$7.6M
MEDICAL BUILDING
Est. value
$9.7M
RETAIL STORES
Est. value
$6.5M
HOTEL/MOTEL Current
MEDICAL BUILDING
RETAIL STORES
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
1999
Construction
CONCRETE
Heating
HEAT PUMP
Cooling
Yes
Lot
2.27 ac
Current owner
From public records · entity-resolved
Shree Ram Hospitality LLC
Entity
Mailing address
115 WOODSTOCK AVE, RUTLAND, VT 05701-3538
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 14, 2024
$6,600,000
Shree Ram Hospitality LLC
Roshni LLC
Warranty Deed
$4,160,000 · United Community Bank
May 19, 2023
$5,400,000
Roshni LLC
Lkaps Holdings LLC
Warranty Deed
$4,308,000 · Gbank
Feb 4, 2022
$4,800,000
Lkaps Holdings LLC
Rmp LLC
Warranty Deed
$3,000,000 · Rmp
Mar 5, 2020
—
Rmp LLC
—
Deed
related
$85,000 · Synovus Bk
Nov 2, 2018
—
Rmp LLC
—
Deed
related
$1,525,000 · Synovus Bk
Apr 8, 2002
$2,925,000
Rmp LLC
—
Grant Deed
—
Jul 2, 2001
$2,840,000
Patel Management LLC
—
Grant Deed
—
—
—
Rmp LLC
—
Deed Of Trust
related
$1,907,000 · Nbsc
—
—
Rmp LLC
—
Deed Of Trust
related
$1,525,000 · Synovus Bk
—
—
Rmp LLC
—
Deed Of Trust
related
$150,000 · Nbsc
—
—
Rmp LLC
—
Deed Of Trust
related
$85,000 · Synovus Bk
—
—
Rmp LLC
—
Deed Of Trust
related
$2,200,000 · National Bk/sc
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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