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Property profile & analytics
OFF-MARKET
Motels
1832 12th W Lucas St Florence, SC 29501-1230
Entity Owned
1-yr Hold
~
Est. High Equity
Property ID
US77-0559561
Property profile
Verified
Property type
Motels
Use group
MOTEL
Year built
1991
Total area
26,778 SF
Lot
1.26 ac (54,886 SF)
APN
01211-01-097
UPID
US77-0559561
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
-
Super 8 by Wyndham Florence Hotel & Motel
-
Shell Grocery & Convenience Store
-
Interstate Convenience Grocery & Convenience Store
-
BB&T ATM Atm
-
Truist - ATM Atm
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Jai Meldi LLC · 1 yrs held
Jai Meldi LLC
since 2024
7 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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$37,565
Tax year 2023
Assessed value
$73,627
Assessed 2023
Previous assessed
$73,626,641
-99.9% YoY
Effective rate
51.02%
On assessed value
Assessed land
$8,000
Assessed improvement
$65,627
Land market value
$200,000
Improvement market value
$1,640,666
Total market value
$1,840,666
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
1991
Heating
NONE
Total area
26,778 SF
Lot
1.26 ac (54,886 SF)
APN
01211-01-097
UPID
US77-0559561
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
Building & site characteristics
From public records
Year built
1991
Heating
NONE
Lot
1.26 ac
Current owner
From public records · entity-resolved
Jai Meldi LLC
Entity
Mailing address
511 PRESTWICK DR, FLORENCE, SC 29501-8738
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
11 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jul 29, 2024
$2,559,000
Jai Meldi LLC
Bhavish LLC
Deed
—
Jul 29, 2024
—
Jai Meldi LLC
—
Deed
related
$2,200,000 · Gbank
Jan 28, 2022
—
Bhavtsh LLC
—
Deed
related
$1,950,000 · Anderson Brothers Bank
Aug 31, 2020
$1,196,528
H N Holding LLC
Jeffrey W Lee INC
Grant Deed
$1,025,000 · Dedicated Cmnty Bk
Feb 25, 2020
—
Jeffrey W Lee INC
—
Deed
related
$2,363,000 · Carolina Bk
Dec 14, 2018
—
Bhavish LLC
Ami Hospitality INC
Quit Claim Deed
related
—
Dec 14, 2018
$1,845,000
Bhavish LLC
Ami Hospitality INC
Grant Deed
$2,050,000 · American Pride Bk
Sep 28, 2017
—
Jeffrey W Lee INC
—
Deed
related
$74,232 · Carolina Bk
Oct 15, 2007
—
Jeffrey W Lee INC
—
Deed Of Trust
related
$3,125,000 · Carolina Bank
Aug 3, 2004
$1,511,589
Ami Hospitality INC
Raldex INC II
Grant Deed
—
—
—
Ami Hospitality INC
—
Deed Of Trust
related
$1,445,000 · Community South 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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