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Property profile & analytics
OFF-MARKET
Estimated value
$54,700,000
Super regional malls
111 Brighton Park Blvd Summerville, SC 29486
Individually Owned
1-yr Hold
~
Est. High Equity
Property ID
US77-3111466
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
2019
Total area
8,442 SF
Lot
16.01 ac (697,396 SF)
Zoning code
BERKELEY COUNTY - PD-MU
APN
221-16-01-022
UPID
US77-3111466
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$54.70M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$54.70M
Owner & transaction history
Ivt Nexton Square Summerville 1031 · 1 yrs held
Ivt Nexton Square Summerville 1031
since 2024
Last sale
$54.7M
7 recorded transactions
Zoning & alternative use
BERKELEY COUNTY - PD-MU · Summerville, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Cap rate
Implied · in-place · derived from last sale + estimated NOI
Implied Cap rate
#1
Implied · in-place · NOI ÷ last sale
In-place · derived from last sale + estimated NOI
Cap rate, NOI & submarket benchmark
Implied cap rate vs Summerville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Summerville submarket · NOI estimate · typical band, median & reading
Refine your cap rate
8-question underwriting flow
1.
Property current status — Going-In vs Stabilized
2.
Price for denominator — asking / offer / market
3.
Leasing status & lease structure (NNN / Gross)
4.
Tenant risk profile & vacancy assumption
5.
Upload T12 / rent roll / OM (optional)
Refine in 60 seconds, get exact suggested price
T12 upload · Submarket benchmarks · Sensitivity grid
Suggested price · 3 cap rate anchors
Income approach @ 5% / 7% / 9% — aggressive / typical / conservative
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · Implied $/SF per anchor · Sensitivity grid
Suggested price at 5% / 7% / 9% cap
Aggressive / typical / conservative · implied $/SF · sensitivity
Value
AI, CAP & Alternative Use estimations · Realmo proprietary blendValue Estimations
Based on Realmo’s proprietary methodology
AI Approach
Method
Estimation
Statistic approach
$54,700,000
ML approach
$54,700,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$54.70M
Range $49.23M – $60.17M · ±10% · vs last sale $54.70M (Dec 27 2024)
Last sale anchor
$54.70M
Dec 27 2024
Realmo estimate · informational only.
These numbers are calculated by our models from public records and may not reflect actual market value.
Not an appraisal.
Verify with a licensed appraiser before transacting. Realmo accepts no liability for divergence from real-world outcomes.
View the full estimation — every method, every assumption
Confidence drivers & risk notes · Custom comparable set · Free for first 3 / day
Full estimation methodology
Every method · every assumption · confidence drivers
Price per SF
Sale + rent benchmarks
Subject property
$6,480 / SF
Submarket sale & rent benchmarks
Median sale $/SF · Asking & closed rent · Submarket vacancy
Submarket sale & rent benchmarks
Median sale $/SF · asking & closed rent · submarket vacancy
Property tax & assessments
Tax year 2022Property tax & assessments
Tax year 2022
Tax billed
$669,513
Tax year 2022
Assessed value
$2,912,064
Assessed 2022
Previous assessed
$945,620
+208.0% YoY
Effective rate
22.99%
On assessed value
Assessed land
$576,360
Assessed improvement
$2,335,704
Land market value
$9,606,000
Improvement market value
$38,928,400
Total market value
$48,534,400
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
Recent comparable sales
Sale price & $/SF · sale date & distance · adjustments
Property description
Physical attributes from public recordsBuilding & lot
Public records
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
2019
Heating
NONE
Buildings
14
Total area
8,442 SF
Lot
16.01 ac (697,396 SF)
Zoning code
BERKELEY COUNTY - PD-MU
APN
221-16-01-022
UPID
US77-3111466
Jurisdiction
BERKELEY
Zoning & alternative use
BERKELEY COUNTY - PD-MU · Summerville, SC
Zoning BERKELEY COUNTY - PD-MU · permitted uses
BERKELEY COUNTY - PD-MU · Summerville, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Summerville. Always verify with local authorities before improvements.
Building & site characteristics
From public records
Year built
2019
Heating
NONE
Buildings
14
Lot
16.01 ac
Current owner
From public records · entity-resolved
Ivt Nexton Square Summerville 1031
Individual
Mailing address
222 CENTRAL PARK AVE STE #2100, VIRGINIA BEACH, VA 23462-3039
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
25 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Dec 27, 2024
$54,700,000
Ivt Nexton Square Summerville 1031
801 Nexton Summerville LLC
Deed
—
Jan 28, 2021
—
801 Nexton Summerville LLC
—
Deed
related
$25,200,000 · Pnc Bk
Sep 23, 2020
$41,398,466
801 Nexton Summerville LLC
Sc Summerville Brighton LLC
Grant Deed
—
Sep 23, 2020
—
801 Nexton Summerville LLC
—
Deed
related
$25,200,000 · Pnc Bk
Feb 11, 2019
—
Sc Summerville Brighton LLC
—
Grant Deed
related
$50,400,000 · Pnc Bk
Dec 5, 2018
—
Sc Summerville Brighton LLC
—
Grant Deed
related
$21,000,000 · Armada Hoffeler LP
Sep 5, 2018
—
Sc Summerville Brighton LLC
—
Grant Deed
related
$2,200,000 · Armada Hoffler LP
Feb 20, 2018
—
Sc Summerville Brighton LLC
—
Grant Deed
related
$2,600,000 · Finemark Nat'l Bk&tr
Jun 13, 2017
$5,012,100
Sc Summerville Brighton LLC
Mwv-sheep Island LLC
Grant Deed
—
Feb 16, 2017
—
Bch Summerville II LLC
—
Grant Deed
related
$13,000,000 · Georgia Bk&tr/augusta
Dec 31, 2015
$832,000
Bch Summerville II LLC
Mwv-sheep Island LLC
Grant Deed
—
Dec 31, 2014
$564,300
Cpm FCU
Mwv-sheep Island LLC
Grant Deed
—
Sep 26, 2013
—
Mwv-nexton Apartments 1 LLC
Mwv-sheep Island LLC
Quit Claim Deed
—
May 17, 2011
—
Mwv-sheep Island LLC
Mwv Cmnty Dev & Land Mgmt LLC
Grant Deed
related
—
Mar 14, 2008
$240,000
Meadwestvaco Forestry LLC
Stroud,reginald & Lela M
Grant Deed
—
Aug 23, 2007
$540,290
Meadwestvaco Forestry LLC
Burbage,hayden N
Grant Deed
—
Aug 23, 2007
$937,325
Meadwestvaco Forestry LLC
Ridge Baptist Church
Grant Deed
—
Aug 17, 2007
$225,000
Meadwestvaco Forestry LLC
Fulton,kenneth SR
Grant Deed
—
Aug 6, 2007
—
Marguerite P Burbage
Burbage,hayden N
Quit Claim Deed
related
—
Dec 6, 2005
—
Hayden N Burbage
Burbage,marguerite P
Quit Claim Deed
related
—
Feb 9, 2005
$77,000
Kenneth Fulton SR.
Fulton,douglas J SR & Vernell S
Grant Deed
related
$77,000 · Wachovia Mortgage Co
—
—
801 Nexton Summerville LLC
—
Loan Modification
related
$25,200,000 · Pnc Bk
—
—
Kenneth Fulton SR.
—
Deed Of Trust
related
$84,000 · Option One Mortgage Corp
—
—
801 Nexton Summerville LLC
—
Loan Modification
related
$25,200,000 · Pnc Bk
—
—
Kenneth Fulton SR.
—
Deed Of Trust
related
$21,000 · Option One Mortgage Corp
Coming soon
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Coming soon
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.
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