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Property profile & analytics
OFF-MARKET
Estimated value
$600,000
Motels
1826 Lucas St Florence, SC 29501-1230
Entity Owned
9-yr Hold
~
Est. High Equity
Property ID
US77-0579641
Property summary
AI-generated overview
Exceptional investment opportunity: The Baymont Inn SC, located at 1826 W Lucas St, Florence, SC 29501, is a 112-key hotel situated on a 2.17-acre lot. This established property offers a 40,376 square foot building, with a gross building area of 20,188 square feet per floor. Constructed in 1989, the hotel is zoned type C. The asking price is $6,500,000. The property's location in Florence, SC, presents a strong market with a projected average household income of $94,077 within a 1-5 mile radius. This represents a significant opportunity for investors seeking a well-established hospitality asset in a thriving South Carolina market. The property's size and established presence make it an attractive prospect for both seasoned investors and those new to the hospitality sector. Detailed financial information and operational data are available upon request. This is a turnkey operation ready for immediate revenue generation.
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1990
Total area
38,700 SF
Lot
2.17 ac (94,525 SF)
APN
01211-01-099
UPID
US77-0579641
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
-
Baymount Inn Hotel Hotel & Motel
-
Baymont by Wyndham Florence Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$425k
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$777k
Blend (final)
Blend
$600k
Owner & transaction history
Rks Group LLC · 9 yrs held
Rks Group LLC
since 2016
4 recorded transactions
Zoning & alternative use
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 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
by Request
ML approach
$425,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$505,000
Current use
Blend value · Realmo final
$600k
Range $540k – $660k · ±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
$16 / 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
$88,850
Tax year 2023
Assessed value
$174,146
Assessed 2023
Previous assessed
$174,145,624
-99.9% YoY
Effective rate
51.02%
On assessed value
Assessed land
$22,000
Assessed improvement
$152,146
Land market value
$550,000
Improvement market value
$3,803,641
Total market value
$4,353,641
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
1990
Heating
NONE
Units
112
Total area
38,700 SF
Lot
2.17 ac (94,525 SF)
APN
01211-01-099
UPID
US77-0579641
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
HOTEL/MOTEL Current
Est. value
$505,000
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
1990
Heating
NONE
Units
112
Lot
2.17 ac
Current owner
From public records · entity-resolved
Rks Group LLC
Entity
Mailing address
1826 W LUCAS ST, FLORENCE, SC 29501-1230
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2016
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
Feb 13, 2023
—
1826 W Lucas Lodging LLC
—
Deed
related
$3,950,000 · Peoples Bank
Sep 7, 2022
—
1826 W Lucas Lodging LLC
—
Deed
related
$3,950,000 · Peoples Bank
Aug 25, 2016
$3,850,000
Rks Group LLC
Premier Hotel Group LLC
Deed
$2,887,500 · Carolina Bank & Trust Co
Apr 3, 2014
$2,050,000
Premier Hotel Group LLC
Raldex I INC
Grant Deed
$1,840,000 · Raldex I INC
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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