Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    1826 Lucas St Florence, SC 29501-1230
    Back to Search
    Property profile & analytics

    1826 Lucas St, Florence, SC 29501-1230

    View on Map
    • Motels
    • 38,700 SF
    • 2.17 lot acres
    Off-Market
    Property ID
    US77-0579641
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $600,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Baymount Inn Hotel / Hotel & Motel
    • Baymont by Wyndham Florence / Hotel & Motel

    Property Details for 1826 Lucas St

    Year built
    1990
    Lot size
    2.17 lot acres
    Property type
    Motels
    APN
    01211-01-099
    APU
    121101099

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Feb 13, 2023 — 1826 W Lucas Lodging LLC — Deed · related $4M · Peoples Bank
    Sep 7, 2022 — 1826 W Lucas Lodging LLC — Deed · related $4M · Peoples Bank
    Aug 25, 2016 $3,850,000 Rks Group LLC Premier Hotel Group LLC Deed $2.9M · Carolina Bank & Trust Co
    Apr 3, 2014 $2,050,000 Premier Hotel Group LLC Raldex I INC Grant Deed $1.8M · Raldex I INC

    Description

    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.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $425,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $777,000
      Market price range: $400k - $777k

    • Alternative Use

      Use
      Estimation
      HOTEL/MOTEL
      $505,000
      Current use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Florence
    County
    Florence
    State
    South Carolina
    Longitude
    -79.7977
    Latitude
    34.2258
    CBSA code
    22500
    CBSA name
    FLORENCE, SC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $88,850
    $22,000
    $152,146
    $174,146
    -
    $550,000
    $3,803,641
    $4,353,641

    Comparable in this City

    • Value Estimation by Request
      26,778 SF

      1832 12th W Lucas St

      MOTEL
      1832 12th W Lucas St, Florence, SC 29501-1230
      View Details
    • Value Estimation by Request
      32,915 SF

      1729 Mandeville Rd

      MOTEL
      1729 Mandeville Rd, Florence, SC 29501-7026
      View Details
    • Value Estimation
      $11,260,000
      44,320 SF

      140 Dunbarton Dr

      MOTEL
      140 Dunbarton Dr, Florence, SC 29501-1991
      View Details
    • Value Estimation by Request
      41,000 SF

      1833 Florence Park Dr

      MOTEL
      1833 Florence Park Dr, Florence, SC 29501-1106
      View Details
    • Value Estimation by Request
      17,782 SF

      415 Irby St

      MOTEL
      415 Irby St, Florence, SC 29501-4709
      View Details
    • Value Estimation
      $905,000
      35,136 SF

      1834 Lucas St

      MOTEL
      1834 Lucas St, Florence, SC 29501-1230
      View Details

    Similar Nearby for Sale

    • Contact for pricing

      Prime Commercial Land I-95 Exit

      Strategically located commercial land near I-95, Florence, SC.
      W Palmetto St, Florence, SC 29501
      View Details
    • Contact for pricing
      16,304 SF

      Historic Downtown Florence Building For Sale

      16,000 SF historic building in downtown Florence for sale.
      248 W Evans St, Florence, SC 29501
      View Details
    • Contact for pricing

      Commercial Property on Pamplico Highway

      Approximately 1.2 acre commercial property for sale or lease.
      111 Pamplico Hwy, Florence, SC 29501
      View Details
    • Contact for pricing

      Commercial Land Near Interstate

      Land available near I-95 and I-20 with utilities.
      Dozier Blvd, Florence, SC 29501
      View Details
    • Contact for pricing

      Florence Land Parcel For Sale

      2.07 acre commercial land parcel in Florence, South Carolina.
      229 W Lucas St, Florence, SC 29501
      View Details
    • Contact for pricing

      Climate Controlled Warehouse with Expansion

      5000 SF warehouse with expansion potential near I-95.
      180 W Freight Rd, Florence, SC 29501
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      95,840 SF

      Retail Spaces in CrossRoads Center

      Retail spaces available in high-traffic Florence commercial corridor.
      2522 David H Mcleod Blvd, Florence, SC 29501
      View Details
    • Contact for pricing

      High Traffic Commercial Land ForRent

      0.70 acre lot with high visibility in West Florence.
      Bentree Ln, Florence, SC 29501
      View Details
    • Contact for pricing

      Commercial Land for Ground Lease

      2.38 acres available for ground lease in Florence, SC.
      3821 Bancroft Rd, Florence, SC 29501
      View Details
    • Contact for pricing

      Refreshed Office Building For Lease

      Standalone office building with private parking near Downtown Florence, SC.
      620 W Evans St, Florence, SC 29501
      View Details
    • Contact for pricing
      14,800 SF

      Retail Space in Regional Destination

      Retail space available in premier shopping center, built in 2015.
      112-120 Woody Jones Blvd, Florence, SC 29501
      View Details
    • Contact for pricing
      4,475 SF

      Retail Space in Regional Destination

      Retail spaces available in premier shopping destination near major highways.
      110 Woody Jones Blvd, Florence, SC 29501
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1826 Lucas St
    Florence, SC 29501-1230
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    1826 Lucas St, Florence, SC, 29501
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!