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    Reid P Davis, Charleston, SC

    License ID: SC 40821
    Lee & Associates - Chas
    Association
    Charleston Trident Association Of Realtors Inc

    Contact details

    Phone:
    (843) 747-1200
    Office Address:
    960 Morrison Dr Ste 400, Charleston, SC, 29403

    Performance

    Listings
    19

    Listings

    For Sale (5)

    View map
    • $1,250,000

      West Ashley Land Opportunity

      4 acres of GB-zoned land in Charleston's West Ashley.
      2343 Ashley River Rd, Charleston, SC 29414
      View Details
    • $595,000

      Savannah Highway Commercial Land

      0.41 acre lot on Savannah Highway for sale.
      2525 Savannah Hwy, Charleston, SC 29414
      View Details
    • $1,400,000
      2,045 SF

      Charleston Office Building For Sale

      Office building in Charleston, SC, ideal for owner occupant.
      1166 King St, Charleston, SC 29403
      View Details
    • $31,000,000

      150 Acres Industrial Land For Sale

      Large industrial land tract in high-growth West Ashley submarket.
      Savannah Hwy, Johns Island, SC 29455
      View Details
    • $725,000

      West Ashley Land For Sale

      Undeveloped 2.176-acre lot in the heart of West Ashley.
      Ashley River Rd, Charleston, SC 29407
      View Details

    For Lease (14)

    View map
    • $30 SF/Yr
      1,363 SF

      Downtown Retail Space For Lease

      New retail spaces available in downtown Charleston apartment community.
      1310 Meeting St, Charleston, SC 29403
      View Details
    • $850 /Mo
      197 SF

      Daniel Island Second-Floor Office Space

      Small office space in Daniel Island's Town Center area.
      901 Island Park Dr, Charleston, SC 29492
      View Details
    • $17 SF/Yr
      6,158 SF

      North Charleston Office Building Available

      One-story office building with contemporary design and ample parking.
      4995 Lacross Rd, North Charleston, SC
      View Details
    • $18 SF/Yr
      1,888 SF

      North Charleston Flex/Office Space

      One-story flex/office complex with roll-up doors and ample parking.
      3125 Ashley Phosphate Rd, North Charleston, SC
      View Details
    • $26 SF/Yr
      7,150 SF

      Office Building Near Charleston Amenities

      Three-story office building near I-26 and I-526.
      1360 Truxtun Ave, North Charleston, SC 29405
      View Details
    • $28 SF/Yr
      4,044 SF

      Class A Office Space Available

      Three-story Class A office building in Faber Office Park.
      3955 Faber Place Dr, North Charleston, SC
      View Details
    • $24 SF/Yr
      1,126 SF

      Rivers Avenue Office Space Available

      Two-story office building with high visibility and convenient location.
      7301 Rivers Ave, North Charleston, SC
      View Details
    • $37 SF/Yr
      9,849 SF

      New Office Building in Mount Pleasant

      Newly constructed office building in desirable Mount Pleasant location.
      1681 Belle Isle Ave, Mount Pleasant, SC 29464
      View Details
    • $20 SF/Yr
      814 SF

      North Charleston Office Space Available

      Office space for rent with ample parking and accessibility.
      8420 Dorchester Rd, North Charleston, SC
      View Details
    • $1,065,000
      3,762 SF

      Mount Pleasant Office Space Available

      Professional office suites available in Mount Pleasant sub-market of Charleston.
      421 Wando Park Blvd, Mount Pleasant, SC 29464
      View Details
    • $39 SF/Yr
      3,770 SF

      Class A Office Space

      Class A office building in West Ashley with convenient access.
      176 Croghan Spur Rd, Charleston, SC
      View Details
    • $15 SF/Yr
      4,958 SF

      Faber Place Flex/Office Space

      Multi-tenant flex/office building with dedicated entrances and parking.
      3820 Faber Place Dr, North Charleston, SC
      View Details
    • $30 SF/Yr
      1,000 SF

      Showroom and Office Space

      1,000 SF showroom/office space on Maybank Highway for rent.
      3436 Maybank Hwy, Johns Island, SC 29455
      View Details
    • $15,000 /Mo

      Downtown Laydown/Storage or Parking Site

      1.5 acre fenced and graveled laydown area downtown.
      Meeting Street Rd, Charleston, SC 29405
      View Details

    Leases and Sales on Map

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    Reid P Davis, Charleston, SC
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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.

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