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Property profile & analytics
OFF-MARKET
Estimated value
$795,000
Specialty properties
Hornet Dr Summerville, SC 29483
Entity Owned
10-yr Hold
Free & Clear
Property ID
US77-1228701
Property profile
Verified
Property type
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Year built
2013
Total area
8,134 SF
Lot
15.15 ac (659,934 SF)
Zoning code
R1(A)_DC
APN
144-00-00-085
UPID
US77-1228701
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$795k
Owner & transaction history
2400 S Hwy 17a LLC · 10 yrs held
2400 S Hwy 17a LLC
since 2015
7 recorded transactions
Zoning & alternative use
R1(A)_DC · Summerville, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.3M
+44.8%
Medical building
$945,000
+8.2%
Restaurant
$885,000
+1.4%
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 Summerville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Summerville 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
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS
$875,000
Current use
COMMERCIAL (GENERAL)
$1,265,000
Change: +45% · Conversion: Difficult
MEDICAL BUILDING
$945,000
Change: +8% · Conversion: Difficult
RESTAURANT
$885,000
Change: +1% · Conversion: Difficult
Blend value · Realmo final
$795k
Range $716k – $875k · ±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
$98 / 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
$15,192
Tax year 2023
Assessed value
$53,687
Assessed 2023
Previous assessed
$56,087
-4.3% YoY
Effective rate
28.30%
On assessed value
Assessed land
$20,248
Assessed improvement
$33,439
Land market value
$338,083
Improvement market value
$557,324
Total market value
$895,407
Applied tax rate
200.0000
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
Specialty properties
Use group
PROFESSIONAL CLUBS/ASSOCIATIONS
Status
Off-Market
Year built
2013
Heating
NONE
Stories
1
Total area
8,134 SF
Lot
15.15 ac (659,934 SF)
Zoning code
R1(A)_DC
APN
144-00-00-085
UPID
US77-1228701
Jurisdiction
DORCHESTER
Zoning & alternative use
R1(A)_DC · Summerville, SC
Zoning R1(A)_DC · permitted uses
R1(A)_DC · Summerville, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Summerville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
Est. value
$875,000
COMMERCIAL (GENERAL)
Est. value
$1.3M
MEDICAL BUILDING
Est. value
$945,000
RESTAURANT
Est. value
$885,000
CLUBS, LODGES, PROFESSIONAL ASSOCIATIONS Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
RESTAURANT
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
2013
Heating
NONE
Stories
1
Lot
15.15 ac
Current owner
From public records · entity-resolved
2400 S Hwy 17a LLC
Entity
Free & Clear · 10 yrs held
Mailing address
PO BOX 3408, SUMMERVILLE, SC 29484-3408
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
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 25, 2015
—
2400 S Hwy 17a LLC
Knight,michael E JR & Michael B
Grant Deed
related
—
Dec 31, 2014
—
Michael E Knight JR
Knight Michael E SR Trust
Quit Claim Deed
related
$12,000,000 · Crescom Bk
Dec 1, 2010
—
Michael E Knight JR.
—
Deed Of Trust
related
$6,000,000 · Community First Bank
Aug 17, 2005
—
Michael E Knight JR.
Knight,michael E SR
Quit Claim Deed
related
—
Aug 3, 2005
—
Michael E Knight SR.
Triple J Partners LLC
Quit Claim Deed
related
—
Jan 26, 2001
$100,000
Michael E Knight JR.
—
Grant Deed
related
—
—
—
Knight,michael E JR & Michael B
—
Deed Of Trust
related
$1,500,000 · Community First Bk
—
—
Knight,michael E JR & Michael B
—
Loan Modification
related
—
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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