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Property profile & analytics
OFF-MARKET
Estimated value
$1,310,000
Apartment buildings
State Hwy 13 Florence, SC 29501
Entity Owned
11-yr Hold
Free & Clear
Property ID
US77-2122626
Property profile
Verified
Property type
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Year built
2018
Total area
26,703 SF
Lot
24.91 ac (1,085,080 SF)
APN
00098-01-007
UPID
US77-2122626
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
$1.47M
Blend (final)
Blend
$1.31M
Owner & transaction history
Hoffmeyer Road Dev LLC · 11 yrs held
Hoffmeyer Road Dev LLC
since 2014
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$2.0M
+153.9%
Restaurant
$1.5M
+86.4%
Industrial (general)
$965,000
+21.7%
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 Florence submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Florence 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
APARTMENT HOUSE (5+ UNITS)
$795,000
Current use
OFFICE BUILDING
$2,020,000
Change: +154% · Conversion: Moderate
RESTAURANT
$1,480,000
Change: +86% · Conversion: Difficult
INDUSTRIAL (GENERAL)
$965,000
Change: +22% · Conversion: Difficult
AUTO REPAIR, GARAGE
$925,000
Change: +16% · Conversion: Difficult
WAREHOUSE, STORAGE
$900,000
Change: +14% · Conversion: Difficult
RETAIL STORES
$900,000
Change: +13% · Conversion: Difficult
Blend value · Realmo final
$1.31M
Range $1.18M – $1.44M · ±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
$49 / 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
$399,562
Tax year 2023
Assessed value
$346,560
Assessed 2023
Previous assessed
$746,559,871
-100.0% YoY
Effective rate
115.29%
On assessed value
Assessed land
$13,347
Assessed improvement
$333,213
Land market value
$333,684
Improvement market value
$8,330,313
Total market value
$8,663,997
Applied tax rate
100.0000
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
Apartment buildings
Use group
APARTMENT HOUSE (5+ UNITS)
Status
Off-Market
Year built
2018
Heating
STEAM
Cooling
YES
Stories
1
Units
24
Rooms
5
Bathrooms
1
Total area
26,703 SF
Lot
24.91 ac (1,085,080 SF)
APN
00098-01-007
UPID
US77-2122626
Jurisdiction
FLORENCE
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) Current
Est. value
$795,000
OFFICE BUILDING
Est. value
$2.0M
RESTAURANT
Est. value
$1.5M
INDUSTRIAL (GENERAL)
Est. value
$965,000
AUTO REPAIR, GARAGE
Est. value
$925,000
WAREHOUSE, STORAGE
Est. value
$900,000
RETAIL STORES
Est. value
$900,000
APARTMENT HOUSE (5+ UNITS) Current
OFFICE BUILDING
RESTAURANT
INDUSTRIAL (GENERAL)
AUTO REPAIR, GARAGE
WAREHOUSE, STORAGE
RETAIL STORES
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
2018
Heating
STEAM
Cooling
Yes
Stories
1
Units
24
Rooms
5
Bathrooms
1
Lot
24.91 ac
Current owner
From public records · entity-resolved
Hoffmeyer Road Dev LLC
Entity
Free & Clear · 11 yrs held
Mailing address
3091 S CASHUA DR, FLORENCE, SC 29501-6328
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 3, 2014
$520,000
Hoffmeyer Road Dev LLC
Giriraj Real Estate LLC
Grant Deed
—
May 9, 2012
—
Edisto Dev LLC
Brown,gary W
Warranty Deed
$350,000 · Carolina Bank & Trust
Jun 30, 2010
—
Gary W Brown
Florence Public School
Grant Deed
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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