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Property profile & analytics
OFF-MARKET
Estimated value
$1,290,000
Hotels
225 Main St Spartanburg, SC 29306-2307
Individually Owned
10-yr Hold
Free & Clear
Property ID
US77-1325337
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
2017
Construction
METAL FRAME
Total area
91,780 SF
Lot
2.3 ac (100,101 SF)
APN
7-1210-02800
UPID
US77-1325337
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
-
AC Hotel Spartanburg Hotel & Motel
-
Tesla Destination Charger Electric Vehicle Charging Station
-
Level 10 Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.29M
Owner & transaction history
Palmetto Hospitality · 10 yrs held
Palmetto Hospitality
since 2015
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 Spartanburg submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Spartanburg 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
HOTEL/MOTEL
$1,525,000
Current use
Blend value · Realmo final
$1.29M
Range $1.16M – $1.42M · ±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
$14 / 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
$608,318
Tax year 2023
Assessed value
$1,286,124
Assessed 2023
Previous assessed
$1,286,124
+0.0% YoY
Effective rate
47.30%
On assessed value
Assessed land
$80,652
Assessed improvement
$1,205,472
Land market value
$1,344,200
Improvement market value
$20,091,200
Total market value
$21,435,400
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
Construction
METAL FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
10
Units
114
Total area
91,780 SF
Lot
2.3 ac (100,101 SF)
APN
7-1210-02800
UPID
US77-1325337
Jurisdiction
SPARTANBURG
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
$1.5M
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
2017
Construction
METAL FRAME
Heating
CENTRAL
Cooling
Yes
Stories
10
Units
114
Lot
2.3 ac
Current owner
From public records · entity-resolved
Palmetto Hospitality
Individual
Free & Clear · 10 yrs held
Mailing address
100 DUNBAR ST STE #402, SPARTANBURG, SC 29306-5189
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
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 30, 2022
—
Palmetto Hospitality Of Spartanburg
—
Deed
related
$19,000,000 · South State Bank NA
Nov 17, 2015
—
Palmetto Hospitality
South Phifer Properties LLC
Grant Deed
related
—
Aug 27, 2015
—
Walnut Grove Farm
Christopher,e Wendell
Quit Claim Deed
related
—
Aug 14, 2015
—
South Phifer Properties LLC
Walnut Grove Farm
Grant Deed
related
—
Aug 5, 2015
—
Walnut Grove Farm
Christopher,e Wendell
Grant Deed
related
—
—
—
Palmetto Hospitality
—
Deed Of Trust
related
$7,393,000 · Us Bk
—
—
Palmetto Hospitality
—
Deed Of Trust
related
$10,000,000 · * Other Institutional Lenders
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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