Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$29,140,000
Hotels
250 Spg St Charleston, SC 29403-5102
Entity Owned
4-yr Hold
Free & Clear
Property ID
US77-3036515
Property profile
Verified
Property type
Hotels
Use group
HOTEL
Year built
1981
Total area
16,971 SF
Lot
1.66 ac (72,310 SF)
APN
460-10-02-004
UPID
US77-3036515
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
-
California dreaming Restaurant
-
Lockwood Lot Parking Lot & Garage
-
Holiday Inn Express & Suites Charleston Dwtn - Westedge, an IHG Hotel Hotel & Motel
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$25.89M
Blend (final)
Blend
$29.14M
Owner & transaction history
Charleston Hotel Owner LLC · 4 yrs held
Charleston Hotel Owner LLC
since 2021
Last sale
$29.0M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$18.7M
+47.3%
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 Charleston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Charleston 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
$38,990,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$18,660,000
Change: +47% · Conversion: Difficult
Blend value · Realmo final
$29.14M
Range $26.23M – $32.05M · ±10% · vs last sale $29.00M (Jul 29 2021)
Last sale anchor
$29.00M
Jul 29 2021
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
$1,717 / 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
$481,164
Tax year 2023
Assessed value
$1,712,400
Assessed 2023
Previous assessed
$1,712,400
+0.0% YoY
Effective rate
28.10%
On assessed value
Land market value
$9,185,000
Improvement market value
$19,355,000
Total market value
$28,540,000
Applied tax rate
7.0000
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
Status
Off-Market
Year built
1981
Heating
HEAT PUMP
Stories
8
Total area
16,971 SF
Lot
1.66 ac (72,310 SF)
APN
460-10-02-004
UPID
US77-3036515
Jurisdiction
CHARLESTON
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
APARTMENT HOUSE (5+ UNITS)
Est. value
$18.7M
APARTMENT HOUSE (5+ UNITS)
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
1981
Heating
HEAT PUMP
Stories
8
Lot
1.66 ac
Current owner
From public records · entity-resolved
Charleston Hotel Owner LLC
Entity
Free & Clear · 4 yrs held
Mailing address
621 NN AVE NE STE C110, ATLANTA, GA 30308-2860
Ownership since
2021
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
Nov 26, 2024
—
Charleston Hotel Owner LLC
—
Deed
related
$20,475,000 · Metlife Home Loans
Jul 29, 2021
$29,000,000
Charleston Hotel Owner LLC
Spring Street Holdings De LLC
Special Warranty Deed
—
Jun 7, 2012
$12,550,000
Charleston Hotel Propco LLC
Charleston Hotel Owners LLC
Grant Deed
related
$11,137,344 · State Bank & Trust
Mar 30, 2012
—
Charleston Hotel Owners LLC
—
Grant Deed
related
$7,285,000 · State Bank & Trust
Apr 19, 2006
—
Charleston Hotel Owners LLC
Riverfront Ents LLC
Quit Claim Deed
related
—
Apr 19, 2006
$8,750,000
Charleston Hotel Owners LLC
Riverfront Ents LLC
Grant Deed
$7,800,000 · Greenwich Capital Fin'l INC
Apr 19, 2006
$1,800,000
Health Sciences Foun Of Medical U
Charleston Hotel Owners LLC
Grant Deed
—
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
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 250 Spg St?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
