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Property profile & analytics
OFF-MARKET
Estimated value
$910,000
Hotels
1240 Hwy 501st Business Conway, SC 29526-9590
Individually Owned
4-yr Hold
~
Est. High Equity
Property ID
US77-1099782
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1960
Construction
CONCRETE
Total area
7,349 SF
Lot
1.4 ac (60,984 SF)
Zoning code
HC
APN
367-13-01-0001
UPID
US77-1099782
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
$995k
CAP Approach
CAP
$725k
Comparable Approach
Comparable
$1.14M
Blend (final)
Blend
$910k
Owner & transaction history
Keranbhai Patel · 4 yrs held
Keranbhai Patel
since 2022
Last sale
$650,000
6 recorded transactions
Zoning & alternative use
HC · Conway, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Conway submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Conway 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
$920,000
ML approach
$995,000
CAP Approach
CAP Return
Estimation
6%
$785,000
6.5%
$725,000
7%
$675,000
Blend value · Realmo final
$910k
Range $819k – $1.00M · ±10% · vs last sale $650k (Jun 21 2022)
Last sale anchor
$650k
Jun 21 2022
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
$124 / 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
$8,757
Tax year 2023
Assessed value
$34,500
Assessed 2023
Previous assessed
$34,500
+0.0% YoY
Effective rate
25.38%
On assessed value
Assessed land
$16,338
Assessed improvement
$18,162
Land market value
$272,300
Improvement market value
$328,900
Total market value
$601,200
Applied tax rate
100.0000
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
1960
Construction
CONCRETE
Heating
HOT WATER
Cooling
CENTRAL
Total area
7,349 SF
Lot
1.4 ac (60,984 SF)
Zoning code
HC
APN
367-13-01-0001
UPID
US77-1099782
Jurisdiction
HORRY
Zoning & alternative use
HC · Conway, SC
Zoning HC · permitted uses
HC · Conway, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Conway. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
1960
Construction
CONCRETE
Heating
HOT WATER
Cooling
Yes
Lot
1.4 ac
Current owner
From public records · entity-resolved
Keranbhai Patel
Individual
Mailing address
1240 HWY 501ST BUSINESS, CONWAY, SC 29526-9590
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 21, 2022
$650,000
Keranbhai Patel
Shrinandkumar Ishwarlal Desai
Warranty Deed
$450,000 · Shrinandkumar Ishwarlal Desai
Feb 1, 2016
$525,000
Shrinandkumar I Desai
Natvarbhai M Patel
Grant Deed
$425,000 · Natvarbhai M & Savitriben N Patel
Jan 25, 2011
$375,000
Patel,natvarbhai M & Savitriben N
Mafatlal Shah
Grant Deed
—
Apr 13, 2004
—
Sunilkumar Shah
Shah,minaxiben M
Quit Claim Deed
related
—
Apr 6, 2004
—
Shah,sunilkumar Tr
Shah,sunikumar
Quit Claim Deed
related
—
—
—
Patel,natvarbhai M & Savitriben N
—
Deed Of Trust
related
$400,000 · Conway Nat'l 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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