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    700 Daniel Ellis Dr, Unit 6108 Charleston, SC 29412

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    For Sale
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    Updated first-floor condo with marsh views and community amenities.

    Property Features for 700 Daniel Ellis Dr

    General Information

    Exterior features
    exterior_features, : ["Porch", "Water Front", "Charleston Water Service", "Dominion Energy", "Asphalt"]
    Interior features
    Interior Feature 1, : "Fireplace", "Interior Feature 2": "Central Air", "Interior Feature 3": "Heat Pump"

    Building Details

    Year built
    1998

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    Listing Contact
    Nancy Bryant
    Source: Kw

    Listing Agency: Akers Ellis Real Estate LLC Listing Agent: Nancy Bryant

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

    Learn more

    Property Insight Report

    Overview

    Updated Condo with Marsh Views

    Located in the Peninsula on James Island, this updated first-floor condo offers comfort, convenience, and marsh views. The property features a one-car garage and large windows providing natural light, along with a fireplace. The open layout creates a warm atmosphere, with the family room showcasing marsh scenery and access to a private balcony with views of the Ravenel Bridge. The dining area connects to the living space and includes built-in bookshelves, leading to the updated kitchen with a pantry. The primary bedroom includes a walk-in closet and an adjoining bathroom with a vanity. The second bedroom offers natural light and marsh views, plus a large closet. Residents of this gated community have access to a clubhouse, swimming pool, tennis courts, a basketball court, walking trails, and a car wash station. The HOA fee covers water, sewer, trash service, termite bond, and landscaping. New roofs are planned for the buildings in the summer of 2025. The monthly regime includes water/sewer, swimming pool, gym, tennis courts, basketball court, walking trails, car-washing station, business center, clubhouse, landscaping, trash pickup, building termite treatment & insurance. The refrigerator, washer, and dryer can convey at closing. The property is located off the James Island Expressway, with Harris Teeter 0.7 miles away and James Island County Park 2.3 miles away. Downtown Charleston is 3.7 miles away, and Folly Beach is 7.5 miles away.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Capitan Photography Photography Service uluna Production Facility The Peninsula Condos James ... Condominium Complex chs-voice-studio Tutoring Service Smith Pressure Washing ... Landscaping

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Hair Salon Dental Office Nail Salon Food Market Grocery & Convenience Store Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Charleston
    County
    Berkeley
    State
    South Carolina
    Longitude
    -79.967378
    Latitude
    32.7507477

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    FAQs

    What type of property is this?
    Apartment building - Updated first-floor condo with marsh views and community amenities.
    Where is this apartment building located?
    The property is located at 700 Daniel Ellis Dr, Unit 6108 Charleston, SC.
    What are key features of this property?
    This property features: - Stunning marsh views, including the Ravenel Bridge, from your private porch and living areas.; - First-floor unit with a one-car garage just steps away.; - Gated community featuring a clubhouse, swimming pool, tennis courts, basketball court, walking trails, and car wash station.
    Request Owner's contact information
    700 Daniel Ellis Dr, Unit 6108 Charleston, SC 29412
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    Charleston, SC 29412
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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
    700 Daniel Ellis Dr, Unit 6108 Charleston, SC 29412
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