Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    451 Comet Creek Ln Summerville, SC 29486
    Back to Search
    Property profile & analytics

    451 Comet Creek Ln, Summerville, SC 29486

    View on Map
    • Lifestyle centers
    • 10,000 SF
    For Lease
    $35 SF/Yr
    View Listing →
    Comet Creek Center: Summerville Retail For Lease
    $35 SF/Yr

    Comet Creek Center: Summerville Retail

    8,400 SF Retail Space Available Now

    451 Comet Creek Ln, Summerville, SC 29486
    View Listing
    Value Estimations
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Lifestyle centers

    Property Details for 451 Comet Creek Ln

    Property type
    Lifestyle centers
    Property subtype
    Power centers

    Description

    This exceptional 10,000 square foot, single-story retail center, located at 451 Comet Creek Ln, Summerville, SC 29486 (APN 2220000183), presents a prime opportunity for businesses seeking high-visibility space in a rapidly growing area. Currently under construction with an anticipated completion date in the fourth quarter of 2025, this property is zoned GC - General Commercial and is being offered for pre-leasing. The center offers multiple tenancy options, with a minimum divisible space of 1,400 square feet and a maximum contiguous space of 8,400 square feet, currently entirely vacant. This makes it ideal for a variety of retail uses, from individual businesses to multi-tenant operations. Its strategic location just outside the Carnes Crossroads and Sangaree housing developments, and in close proximity to the bustling intersection of Saint James Avenue and N Main Street, ensures high traffic and excellent visibility. This is a rare opportunity to secure space in a brand-new retail center in a thriving South Carolina community. The property is situated in Berkeley County and offers significant potential for growth and return on investment. Contact us today to learn more about leasing options and secure your space in this exciting new development.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

    Get a detailed, property-specific estimation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Summerville
    County
    Berkeley
    State
    South Carolina
    Longitude
    -80.0852
    Latitude
    33.0522

    Comparable in this City

    • Value Estimation by Request

      1247 Nexton Pkwy

      Retail properties & Spaces
      1247 Nexton Pkwy, Summerville, SC 29486
      View Details
    • Value Estimation by Request
      1,077 SF

      2507 Main St

      Retail properties & Spaces
      2507 Main St, Summerville, SC 29486
      View Details
    • Value Estimation
      $1,680,000
      19,440 SF

      1714 Main St

      DEPARTMENT STORE
      1714 Main St, Summerville, SC 29486-7806
      View Details
    • Value Estimation
      $2,070,000
      23,310 SF

      2136 Main St

      DEPARTMENT STORE
      2136 Main St, Summerville, SC 29486-7829
      View Details
    • Value Estimation by Request
      1,500 SF

      2047 Main St

      SERVICE SHOP (TV, ELECTRIC, PLUMBING)
      2047 Main St, Summerville, SC 29486-7821
      View Details
    • Value Estimation by Request
      4,400 SF

      Metropolitan Ave @ Sigma Dr

      Multifamily properties
      0 Metropolitan Ave @ Sigma Dr, Summerville, SC 29486
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,800 SF

      Nexton Parkway Retail Spaces

      Summerville, SC: Prime Retail/Office
      1237 Nexton Pkwy, Summerville, SC 29486
      View Details
    • Contact for pricing
      30,000 SF

      Nexton Mixed-Use Development Opportunity

      Mixed-use property for sale or lease in Nexton, Summerville.
      1227 Nexton Pkwy, Summerville, SC 29486
      View Details
    • Contact for pricing

      Nexton Commercial Land For Sale

      1 to 6.02 acres of commercial land available.
      Metropolitan Ave @ Sigma Dr, Summerville, SC 29486
      View Details
    • Contact for pricing
      30,000 SF

      Nexton Mixed-Use Development Opportunity

      Mixed-use property in Nexton with office, retail, and restaurant spaces.
      1227 Nexton Pkwy, Summerville, SC 29486
      View Details
    • Contact for pricing
      88,570 SF

      New Self-Storage and Retail Facility

      New Class A self-storage and retail space in Summerville, SC.
      451 Comet Creek Ln, Summerville, SC 29486
      View Details

    Similar Nearby for Lease

    • $35 SF/Yr
      10,000 SF

      Comet Creek Center: Summerville Retail

      8,400 SF Retail Space Available Now
      451 Comet Creek Ln, Summerville, SC 29486
      View Details
    • Contact for pricing
      1 SF

      Summerville Retail Opportunity

      High-traffic location, two spaces available
      1761-1769 State Rd, Summerville, SC 29486
      View Details
    • Contact for pricing

      Commercial Land For Ground Lease

      Approximately 1.0 acre of commercial land available for lease.
      Sigma Dr, Summerville, SC 29486
      View Details
    • Contact for pricing
      906 SF

      Retail Space in Nexton Square

      Retail space for lease in a vibrant Summerville hub.
      400-420 Nexton Square Dr, Summerville, SC 29486
      View Details
    • Contact for pricing
      1,400 SF

      Retail Space in Goose Creek

      8,400 SF retail strip center for lease.
      Us Highway 176, Goose Creek, SC 29486
      View Details
    View Listing
    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.
    451 Comet Creek Ln
    Summerville, SC 29486
    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

    Thank You for Inquiry
    451 Comet Creek Ln, Summerville, SC, 29486
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!