Add Listing
    For Sale
    • For Sale
    • For Lease
    • Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1203 Venning Rd Mount Pleasant, SC

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Land for sale with direct traffic access and easements.

    Type:LAND
    Lot size:
    11.16 Acres
    Added:
    Oct 3, 2023
    Days on Market:
    941
    Last Refresh:
    Apr 5 at 11:19 pm

    Property Features for 1203 Venning Rd

    General Information

    Standard status
    Active
    Lot size
    11.16 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Zack M Lord

    Listing agent Zack M Lord

    Listing office NAI | Charleston

    Listing date Oct 3, 2023

    Source Moodyscre

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    All listing content including descriptions, pricing, images are the copyrighted material of NAI | Charleston

    Overview

    Venning Road Land Opportunity

    This commercial land is located minutes from top-tier retail centers and offers direct traffic access from Venning Road. The property, identified as TMS # 560-00-00-043, is zoned R-4 in Charleston County. Easements are in place for cell phone towers. Annexation into the Town of Mt. Pleasant is required to obtain sewer services.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Suggested Use

    Real Estate Agency Restaurant Law Firm 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
    -79.8373
    Latitude
    32.8173

    Nearby Similar for Sale

    • $395,000

      Mount Pleasant Vacant Lot

      0.86-acre vacant lot in a desirable Mount Pleasant location.
      1593 Boston Grill Road, Mount Pleasant, SC 29466
      View Details
    • $1,749,000

      Prime Homesite in Old Mount Pleasant

      Generous homesite in sought-after location with no HOA restrictions.
      1409 Barbara Street, Mount Pleasant, SC 29464
      View Details
    • $839,000
      1,988 SF

      Updated Home in Oyster Point

      Updated 4-bedroom home with pond views and modern amenities.
      2094 Oyster Reef Lane, Mount Pleasant, SC 29466
      View Details
    • $1,749,000

      Prime Homesite in Old Mount Pleasant

      Rare 0.36 acre homesite in the heart of Old Mount Pleasant.
      1409 Barbara Street, Mount Pleasant, SC 29464
      View Details
    • $350,000

      Spacious Land in Mount Pleasant

      Over two acres in the heart of Mount Pleasant, SC.
      Tugman Lane, Mount Pleasant, SC 29466
      View Details
    • $425,000
      1,413 SF

      Move-In Ready Home in Park West

      Well-maintained home with large, fenced backyard in desirable community.
      3172 Queensgate Way, Mount Pleasant, SC 29466
      View Details
    • $3,200,000

      Old Village Homesite Opportunity

      Rare 0.62 acre homesite in Mount Pleasant's Old Village.
      Morrison Street, Mount Pleasant, SC 29464
      View Details
    • $1,800,000

      Large Homesite in Historic Mount Pleasant

      Rare 0.85-acre homesite in cherished Cooper Estates neighborhood.
      1042 Chambers Lane, Mount Pleasant, SC 29464
      View Details
    • $995,000

      Mount Pleasant Acreage on Hwy 41

      Over 7 acres of land for sale in Mt. Pleasant.
      Hwy 41, Mount Pleasant, SC 29466
      View Details
    • $600,000

      Cleared Lot with Hamlin Sound Views

      Ready-to-build lot with panoramic views and no HOA restrictions.
      1637 Boston Grill Road, Mount Pleasant, SC 29466
      View Details
    • $999,900

      Marsh View Homesite Opportunity

      Rare homesite with marsh views and city utilities available.
      843 Bridge Point Circle, Mount Pleasant, SC 29464
      View Details
    • $1,800,000
      3,942 SF

      Leased Flex Warehouse Investment

      Fully leased flex warehouse in Mt. Pleasant with long-term tenant.
      1235 Ben Sawyer Blvd, Mount Pleasant, SC 29464
      View Details

    FAQs

    What type of property is this?
    Land - Land for sale with direct traffic access and easements.
    Where is this land located?
    The property is located at 1203 Venning Rd Mount Pleasant, SC.
    What is the asking price?
    The asking price for this property is $2,500,000.
    What are key features of this property?
    This property features: Direct traffic access from Venning Road; Minutes from top‑tier retail centers; Annexation into town of Mt. Pleasant in order to obtain sewer
    (854) 222-4535 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Zack M Lord
    Learn More
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!