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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    24 Charlestowne Ct Pawleys Island, SC 29585-5116

    • Hotels
    • 5,311 SF
    • 1.00 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-2235811
    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.

    Current Use by Public Records

    • Hotels

    Property Details for 24 Charlestowne Ct

    Year built
    1996
    Lot size
    1.00 lot acres
    Property size
    5,311 SF
    Property type
    Hotels
    APN
    04-0142-153-00-00
    APU
    401421530000

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Pawleys Island
    County
    Georgetown
    State
    South Carolina
    Longitude
    -79.0946
    Latitude
    33.4728
    CBSA code
    23860
    CBSA name
    GEORGETOWN, SC MICROPOLITAN 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
    $4,502
    $20,000
    $15,620
    $35,620
    -
    $500,000
    $390,500
    $890,500

    Comparable in this City

    • Value Estimation
      $840,000
      9,816 SF

      144 Atlantic Ave

      HOTEL-RESORT • 9,816 SF
      144 Atlantic Ave, Pawleys Island, SC 29585-6218
      View Details
    • Value Estimation by Request
      8,106 SF

      1158 Parker Dr

      HOTEL-RESORT • 8,106 SF
      1158 Parker Dr, Pawleys Island, SC 29585-7523
      View Details
    • Value Estimation by Request
      4,816 SF

      1034 Parker Dr

      HOTEL-RESORT • 4,816 SF
      1034 Parker Dr, Pawleys Island, SC 29585-8380
      View Details
    • Value Estimation by Request
      6,244 SF

      202 Sea Oats Cir

      HOTEL-RESORT • 6,244 SF
      202 Sea Oats Cir, Pawleys Island, SC 29585-5128
      View Details
    • Value Estimation
      $770,000
      8,415 SF

      140 Seaview Loop

      HOTEL-RESORT • 8,415 SF
      140 Seaview Loop, Pawleys Island, SC 29585-7554
      View Details
    • Value Estimation
      $555,000
      3,790 SF

      189 Sportsman Dr

      HOTEL-RESORT • 3,790 SF
      189 Sportsman Dr, Pawleys Island, SC 29585-5581
      View Details

    Similar Nearby for Sale

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      Pawleys Island Outparcels For Sale

      Outparcels of Lowes Foods anchored Pawleys Market retail center.
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    • $350,000

      Land For Sale Pawleys Island

      Land available for sale in Pawleys Island, South Carolina.
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    • $430,000
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      Pawleys Island Commercial Lot For Sale

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    • $420,000
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      Prime Commercial Lot on Wall Street

      Commercial real estate near Highway 17 and Litchfield By The Sea.
      Portion Wall St, Pawleys Island, SC 29585
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    • $120,000
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      Residential Lot in Pawleys Island

      Residential lot near shops, restaurants, and businesses in Pawleys Island.
      200 Petigru Dr, Pawleys Island, SC 29585
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      Residential Lot in North Litchfield

      Residential lot in a desirable coastal community near beaches.
      352 Lakeshore Dr, Pawleys Island, SC 29585
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    Similar Nearby for Lease

    • $18 SF/Yr
      1,240 SF

      Pawleys Island Retail Opportunity

      Prime Ocean Highway Retail Space
      14427 Ocean Hwy, Pawleys Island, SC 29585
      View Details
    • Contact for pricing
      4,000 SF

      Development-Ready Retail Pad Site

      Pad site at Coastal Federal Town Center, up to 4,000 SF.
      11405 Sf, Pawleys Island, SC 29585
      View Details
    • $3,632 /Mo
      1,981 SF

      Pawleys Island Professional Office Space

      Versatile office space in high-visibility Pawleys Island location.
      38 Blackgum Rd, Pawleys Island, SC 29585
      View Details
    • $4,125 /Mo
      16,000 SF

      Pawleys Island Professional Office Building

      Professional office building in Pawleys Island with flexible suite sizes.
      160 Willbrook Blvd, Pawleys Island, SC 29585
      View Details
    • $2,500 /Mo
      1,800 SF

      Pawleys Island Class A Office

      Class A office space in the heart of Pawleys Island.
      12019 Ocean Hwy, Pawleys Island, SC 29585
      View Details
    • $14 SF/Yr
      10,890 SF

      Pawleys Island Multi-Use Commercial Space

      Versatile Office, Flex & Warehouse Units
      354 Tiller Dr, Pawleys Island, SC 29585
      View Details
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    24 Charlestowne Ct
    Pawleys Island, SC 29585-5116
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    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
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