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Property profile & analytics
OFF-MARKET
Estimated value
$590,000
Motels
1621 Cashua Dr Florence, SC 29501-1306
Entity Owned
3-yr Hold
Free & Clear
Property ID
US77-2384375
Property summary
AI-generated overview
Exceptional investment opportunity awaits with the City Inn, a 59-key hotel located at 1621 N Cashua Dr, Florence, SC 29501. This established property sits on a 3.21-acre lot and offers 64,306 square feet of space, including 28,295 square feet of building area. Built in 1974, the two-story City Inn is zoned CI and presents significant potential for growth and expansion. The asking price is $2,500,000, translating to $42,373 per key and $38.88 per square foot. Strong financial projections are supported by the surrounding demographics, boasting a 2023 average household income of $87,525 within a one-mile radius. This well-situated hotel offers a compelling return on investment in a thriving South Carolina market. The property's strategic location and established presence make it an attractive prospect for both seasoned investors and those seeking to enter the hospitality sector. Detailed financial summaries are available upon request. Don't miss this chance to acquire a profitable hospitality asset in a desirable location.
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1974
Total area
19,278 SF
Lot
1.42 ac (61,855 SF)
APN
00121-01-116
UPID
US77-2384375
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
$530k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$590k
Owner & transaction history
Sopia LLC · 3 yrs held
Sopia LLC
since 2022
Last sale
$625,000
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Industrial (general)
$700,000
+178.0%
Auto repair, garage
$670,000
+165.8%
Warehouse, storage
$650,000
+159.3%
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 Florence submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Florence 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
$585,000
ML approach
$530,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$700,000
Change: +178% · Conversion: Difficult
AUTO REPAIR, GARAGE
$670,000
Change: +166% · Conversion: Difficult
WAREHOUSE, STORAGE
$650,000
Change: +159% · Conversion: Difficult
RETAIL STORES
$650,000
Change: +158% · Conversion: Difficult
Blend value · Realmo final
$590k
Range $531k – $649k · ±10% · vs last sale $625k (Aug 8 2022)
Last sale anchor
$625k
Aug 8 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
$31 / 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
$12,643
Tax year 2023
Assessed value
$24,781
Assessed 2023
Previous assessed
$24,781,370
-99.9% YoY
Effective rate
51.02%
On assessed value
Assessed land
$8,000
Assessed improvement
$16,781
Land market value
$200,000
Improvement market value
$419,534
Total market value
$619,534
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
Motels
Use group
MOTEL
Status
Off-Market
Year built
1974
Heating
NONE
Units
65
Total area
19,278 SF
Lot
1.42 ac (61,855 SF)
APN
00121-01-116
UPID
US77-2384375
Jurisdiction
FLORENCE
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
INDUSTRIAL (GENERAL)
Est. value
$700,000
AUTO REPAIR, GARAGE
Est. value
$670,000
WAREHOUSE, STORAGE
Est. value
$650,000
RETAIL STORES
Est. value
$650,000
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
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
1974
Heating
NONE
Units
65
Lot
1.42 ac
Current owner
From public records · entity-resolved
Sopia LLC
Entity
Free & Clear · 3 yrs held
Mailing address
105 ORCH HL CT, WAXHAW, NC 28173-6835
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Aug 8, 2022
$625,000
Sopia LLC
1811 Florence Back INC
Limited Warranty Deed
—
Mar 5, 2021
—
1811 Florence Front INC
—
Deed
related
$500,000 · Prestige Real Holding LLC
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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