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Property profile & analytics
OFF-MARKET
Estimated value
$805,000
Hotels
131 Innkeeper Dr Lexington, SC 29072-7405
Entity Owned
15-yr Hold
~
Est. High Equity
Property ID
US77-0869033
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1997
Total area
39,882 SF
Lot
2.2 ac (95,832 SF)
Zoning code
GC
APN
004300-03-097
UPID
US77-0869033
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
-
Bank of America Home Mortgage Loan Service Bank
-
Holiday Inn Express & Suites Lexington-Hwy 378, an IHG Hotel Hotel & Motel
-
Lexington Inn and Suites Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$540k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.07M
Blend (final)
Blend
$805k
Owner & transaction history
Reva LLC · 15 yrs held
Reva LLC
since 2011
4 recorded transactions
Zoning & alternative use
GC · Lexington, 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 Lexington submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Lexington 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
by Request
ML approach
$540,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,095,000
Current use
Blend value · Realmo final
$805k
Range $725k – $886k · ±10%
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
$20 / 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
$85,355
Tax year 2023
Assessed value
$164,911
Assessed 2023
Previous assessed
$164,911
+0.0% YoY
Effective rate
51.76%
On assessed value
Assessed land
$24,289
Assessed improvement
$140,622
Land market value
$404,816
Improvement market value
$2,343,707
Total market value
$2,748,523
Applied tax rate
1.0000
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
Status
Off-Market
Year built
1997
Heating
CENTRAL
Bathrooms
2
Total area
39,882 SF
Lot
2.2 ac (95,832 SF)
Zoning code
GC
APN
004300-03-097
UPID
US77-0869033
Jurisdiction
LEXINGTON
Zoning & alternative use
GC · Lexington, SC
Zoning GC · permitted uses
GC · Lexington, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Lexington. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
HOTEL/MOTEL Current
Est. value
$1.1M
HOTEL/MOTEL Current
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
1997
Heating
CENTRAL
Bathrooms
2
Lot
2.2 ac
Current owner
From public records · entity-resolved
Reva LLC
Entity
Mailing address
213 SLATE BLUE PL, CARY, NC 27519-1833
Ownership since
2011
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 6, 2022
—
Reva LLC
—
Deed
related
$4,900,000 · Coastal Carolina National Bank
May 24, 2011
$3,000,000
Reva LLC
Comm 2006-c8 Innkeeper Drive LLC
Special Warranty Deed
$2,000,000 · Business Carolina INC
Jun 16, 2010
$3,025,000
2006-c8 Innkeeper Drive L Comm
Master Of Equity/lexington Cnty
Trustees Deed
related
—
—
—
Reva LLC
—
Deed Of Trust
related
$3,550,000 · Branch Bk&tr
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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