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Property profile & analytics
OFF-MARKET
Estimated value
$5,690,000
Hotels
1657 Main St Summerville, SC 29486-7804
Entity Owned
11-yr Hold
Absentee Owner
Free & Clear
Property ID
US77-2941499
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2017
Total area
67,964 SF
Lot
3.77 ac (164,221 SF)
Zoning code
BERKELEY COUNTY - GC
APN
221-16-01-004
UPID
US77-2941499
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
-
Holiday Inn Express & Suites Summerville, an IHG Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$5.59M
Comparable Approach
Comparable
$5.79M
Blend (final)
Blend
$5.69M
Owner & transaction history
Summerville Hospitality LLC · 11 yrs held
Summerville Hospitality LLC
since 2015
6 recorded transactions
Zoning & alternative use
BERKELEY COUNTY - GC · Summerville, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$9.2M
+201.9%
Restaurant
$7.5M
+146.5%
Auto repair, garage
$6.0M
+95.4%
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 Summerville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Summerville 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
by Request
CAP Approach
CAP Return
Estimation
6%
$6,055,000
6.5%
$5,585,000
7%
$5,190,000
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$9,240,000
Change: +202% · Conversion: Difficult
RESTAURANT
$7,545,000
Change: +146% · Conversion: Difficult
AUTO REPAIR, GARAGE
$5,980,000
Change: +95% · Conversion: Difficult
RETAIL STORES
$4,645,000
Change: +52% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$3,590,000
Change: +17% · Conversion: Difficult
Blend value · Realmo final
$5.69M
Range $5.12M – $6.26M · ±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
$84 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$250,429
Tax year 2022
Assessed value
$792,000
Assessed 2022
Previous assessed
$792,000
+0.0% YoY
Effective rate
31.62%
On assessed value
Assessed land
$98,622
Assessed improvement
$693,378
Land market value
$1,643,700
Improvement market value
$11,556,300
Total market value
$13,200,000
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
2017
Heating
NONE
Total area
67,964 SF
Lot
3.77 ac (164,221 SF)
Zoning code
BERKELEY COUNTY - GC
APN
221-16-01-004
UPID
US77-2941499
Jurisdiction
BERKELEY
Zoning & alternative use
BERKELEY COUNTY - GC · Summerville, SCZoning BERKELEY COUNTY - GC · permitted uses
BERKELEY COUNTY - GC · Summerville, SC
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
APARTMENT HOUSE (5+ UNITS)
Est. value
$9.2M
RESTAURANT
Est. value
$7.5M
AUTO REPAIR, GARAGE
Est. value
$6.0M
RETAIL STORES
Est. value
$4.6M
INDUSTRIAL (GENERAL)
Est. value
$3.6M
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
AUTO REPAIR, GARAGE
RETAIL STORES
INDUSTRIAL (GENERAL)
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
2017
Heating
NONE
Lot
3.77 ac
Current owner
From public records · entity-resolved
Summerville Hospitality LLC
Entity
Free & Clear · 11 yrs held
Mailing address
78 ASHLEY PT DR STE #300, CHARLESTON, SC 29407-7584
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2015
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
Mar 8, 2017
—
Summerville Hospitality LLC
—
Grant Deed
related
$12,000,000 · Southern First Bk NA
May 29, 2015
—
Summerville Hospitality LLC
Anthony Pope Properties LLC
Quit Claim Deed
related
—
May 29, 2015
$900,000
Summerville Hospitality LLC
Holland Pope Properties LLC
Grant Deed
—
Oct 20, 2008
$800,000
Holland Pope Properties LLC
Sangaree Plaza E & A LLC
Grant Deed
$900,000 · Tidelands Bank
Nov 10, 1998
$160,000
Edens & Avant Properties
East-west Investments
Grant Deed
related
$185,000 · National Bk/sc
—
—
Holland Pope Properties LLC
—
Deed Of Trust
related
$1,765,000 · Tidelands 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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