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    948 Mccants Dr Mount Pleasant, SC 29464

    Sponsored
    For Sale
    $2,189,000

    LAND - Mount Pleasant, SC

    Property size:
    5,606 SF
    Lot size:
    0.79 Acres
    Days on Market:
    34
    Last Refresh:
    Feb 22 at 5:06 pm

    Property Features for 948 Mccants Dr

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Size
    5,606 SF
    Lot size
    0.79 Acres

    We can help!

    Listing Contact
    Matt Anderson

    The Boulevard Company (843) 806-9830

    Listing agent Matt Anderson

    Listing date Jan 20, 2026

    MLS# 26001818 Listing URL

    Copyright © 2026 CHS Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Property Insight Report

    Overview

    Stunning, shovel ready new construction opportunity nestled on a private, expansive .79-acre lot in Old Mount Pleasant. 952 McCants Drive offers a rare opportunity to build a brand-new, custom-built home in one of the most desirable neighborhoods in Mount Pleasant. The purchase includes the lot and FULLY PERMITTED plans to construct a beautiful 5,606 heated square foot home designed Clarke Design Group to capture the essence of Charleston's historic charm while offering all the luxuries of modern living. This extraordinary residence offers 6 spacious bedrooms, 6.5 beautifully appointed bathrooms, and a backyard oasis complete with 16'x38' pool, covered patio with fireplace, an additional covered guest patio and a separate pool cabana with luxury outdoor kitchen.The first floor design boasts 3,866 sf. and features a large primary suite, guest bedroom/office with en-suite full bath, open kitchen/living area, scullery, formal dining area, foyer, large utility room and a mudroom which is adjacent to the 2-car garage. The second floor has an additional 1,140sf complete with three additional bedrooms w/ two full baths as well as an additional loft/living space. The 600sf Finished Room Over Garage is ideal for use as an expansive guest/bedroom suite featuring a full bath with oversized shower, open living area with space for a desk /home gym and kitchenette. High-quality building materials are specified throughout, including impact-rated clad windows, standing seam metal roofs, spray foam insulation throughout, cement plank siding, and NuCedar shingles. Interior finishes include wide plank European white oak flooring, custom tile and cabinetry and marble countertops. This large lot features professionally designed landscaping, hardscaping, fencing, and irrigation system, highlighting the stunning grand oak trees on the property while maximizing the privacy of the 200' deep lot. Alhambra Hall, the Pitt Street Bridge, and numerous shopping/dining destinations in the Old Village are just a short walk, bike, or golf cart ride away.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Gym & Fitness Center

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Mount Pleasant
    County
    Charleston
    State
    South Carolina
    Longitude
    -79.858499
    Latitude
    32.792757

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    FAQs

    Where is this residential land & home lot located?
    The property is located at 948 Mccants Dr Mount Pleasant, SC.
    What is the asking price?
    The asking price for this property is $2,189,000.
    (843) 806-9830
    Request Owner's contact information
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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
    948 Mccants Dr Mount Pleasant, SC 29464
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    We can help!
    Listing Contact
    Matt Anderson
    Real Estate License ID: 89024
    (843) 806-9830 (843) 619-7816 (843) 437-8386
    Learn more
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