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Property profile & analytics
OFF-MARKET
Hotels
2 Grasslawn Ave Hilton Head Island, SC 29928-5583
Entity Owned
Free & Clear
Property ID
US77-0529967
Property profile
Verified
Property type
Hotels
Use group
HOTEL/MOTEL
Year built
1985
Total area
700,966 SF
Lot
13.53 ac (589,367 SF)
Zoning code
6615
APN
R510 009 000 0892 0000
UPID
US77-0529967
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
-
Tesla Destination Charger Electric Vehicle Charging Station
-
Beachside Outpost @ The Westin Resort (Bike/Boat/Book/etc) Store
-
Outside Hilton Head Westin Outpost Canoe & Kayak Rental Service
-
FedEx Drop Box Postal Service Courier Service
-
Chris Ely Luxury Real Estate Agent Real Estate Agency
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
Grasslawn Operating LLC
Grasslawn Operating LLC
since 2025
7 recorded transactions
Zoning & alternative use
6615 · Hilton Head Island, SC
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 Hilton Head Island submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hilton Head Island 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
$1,079,199
Tax year 2023
Assessed value
$4,247,510
Assessed 2023
Previous assessed
$4,335,720
-2.0% YoY
Effective rate
25.41%
On assessed value
Land market value
$10,993,200
Improvement market value
$59,798,700
Total market value
$70,791,900
Applied tax rate
510.0000
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
Hotels
Use group
HOTEL/MOTEL
Status
Off-Market
Year built
1985
Heating
NONE
Total area
700,966 SF
Lot
13.53 ac (589,367 SF)
Zoning code
6615
APN
R510 009 000 0892 0000
UPID
US77-0529967
Jurisdiction
BEAUFORT
Zoning & alternative use
6615 · Hilton Head Island, SCZoning 6615 · permitted uses
6615 · Hilton Head Island, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Source
land management ordinance
Building & site characteristics
From public records
Year built
1985
Heating
NONE
Lot
13.53 ac
Current owner
From public records · entity-resolved
Grasslawn Operating LLC
Entity
Free & Clear · 0 yrs held
Mailing address
2 GRASSLAWN AVE, HILTON HEAD ISLAND, SC 29928-5583
Mailing matches property
Yes
Owner-occupied
Yes
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 3, 2025
—
Grasslawn Operating LLC
Grasslawn Property LLC
Deed
—
Sep 26, 2025
—
Grasslawn Property LLC
Swvp Hilton Head LLC
Quitclaim Deed
related
$146,500,000 · Wells Fargo Bank NA
Apr 29, 2022
—
Swvp Hilton Head LLC
Starwood Capital Group Global I LLC
Quit Claim Deed
related
—
Dec 6, 2007
—
Scg Hilton Head Lessee LLC
Column Finl
Trustees Deed
$209,000,000 · J P Morgan Chase Bank
Oct 5, 2005
—
Scg Hilton Head Lessee LLC
—
Deed Of Trust
related
$148,500,000 · Column Financial INC
Apr 6, 2005
$74,300,000
Scg Hilton Head Property LLC
Caesar Park Hotels & Resorts H
Grant Deed
$148,500,000 · Column Financial INC
Nov 1, 1983
$7,500,000
Owner Name Unavailable
—
Warranty Deed
related
—
—
—
Park Hotels Caesar
—
Deed Of Trust
related
$148,500,000 · Column Financial 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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