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Property profile & analytics
OFF-MARKET
Estimated value
$4,360,000
Motels
126 Main St Lake City, SC 29560-2426
Entity Owned
6-yr Hold
Free & Clear
Property ID
US77-0046433
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
2016
Total area
42,567 SF
Lot
0.72 ac (31,155 SF)
Zoning code
CBD
APN
80027-01-015
UPID
US77-0046433
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
$5.09M
CAP Approach
CAP
$3.97M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$4.36M
Owner & transaction history
Greater Lake City Alliance · 6 yrs held
Greater Lake City Alliance
since 2020
Last sale
$4.0M
7 recorded transactions
Zoning & alternative use
CBD · Lake City, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$4.9M
+747.2%
Commercial (general)
$3.9M
+562.4%
Restaurant
$2.8M
+374.1%
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 Lake City submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lake City 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
$4,755,000
ML approach
$5,090,000
CAP Approach
CAP Return
Estimation
6%
$4,295,000
6.5%
$3,965,000
7%
$3,685,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$4,945,000
Change: +747% · Conversion: Difficult
COMMERCIAL (GENERAL)
$3,865,000
Change: +562% · Conversion: Difficult
RESTAURANT
$2,765,000
Change: +374% · Conversion: Difficult
Blend value · Realmo final
$4.36M
Range $3.92M – $4.80M · ±10% · vs last sale $4.00M (Jan 8 2020)
Last sale anchor
$4.00M
Jan 8 2020
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
$102 / 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
$48,639
Tax year 2023
Assessed value
$73,700
Assessed 2023
Previous assessed
$73,700,290
-99.9% YoY
Effective rate
66.00%
On assessed value
Assessed land
$1,533
Assessed improvement
$72,167
Land market value
$38,322
Improvement market value
$1,804,185
Total market value
$1,842,507
Applied tax rate
320.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
2016
Heating
NONE
Units
57
Total area
42,567 SF
Lot
0.72 ac (31,155 SF)
Zoning code
CBD
APN
80027-01-015
UPID
US77-0046433
Jurisdiction
FLORENCE
Zoning & alternative use
CBD · Lake City, SC
Zoning CBD · permitted uses
CBD · Lake City, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lake City. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$4.9M
COMMERCIAL (GENERAL)
Est. value
$3.9M
RESTAURANT
Est. value
$2.8M
OFFICE BUILDING
COMMERCIAL (GENERAL)
RESTAURANT
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
2016
Heating
NONE
Units
57
Lot
0.72 ac
Current owner
From public records · entity-resolved
Greater Lake City Alliance
Entity
Free & Clear · 6 yrs held
Mailing address
133 E MAIN STB, LAKE CITY, SC 29560-2626
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 8, 2020
—
Greater Lake City Alliance
Greater Lk City Cmnty Dev Offi
Quit Claim Deed
related
—
Oct 19, 2018
—
Greater Lk City Cmnty Dev Offi
Florence-darlington Technical
Grant Deed
related
—
Aug 22, 2016
$4,000,000
Florence Darlington Technical
120 West Main LLC
Grant Deed
—
May 31, 2016
—
Lake City Ptshp Council
120 West Main LLC
Grant Deed
related
—
Dec 31, 2015
—
120 West Main LLC
Lake City Ptshp Council
Grant Deed
—
Jan 27, 2015
$5,000
120 West Main LLC
Matthews,william M JR
Grant Deed
—
Aug 1, 2013
—
120 West Main LLC
Lake City Ptshp Council
Grant Deed
—
Nov 29, 2012
$330,000
Lake City Ptshp Council
Tms Properties LLC
Grant Deed
—
Dec 3, 2008
$235,000
Tms Properties LLC
Coker,randy H
Grant Deed
$185,000 · Horry County State Bank
Jan 27, 2004
$100,000
Randy H Coker
Kelley,charles M
Grant Deed
—
—
—
Randy H Coker
—
Deed Of Trust
related
$200,000 · Carolina First Bank
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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