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Property profile & analytics
OFF-MARKET
Estimated value
$925,000
Commercial real estate
1116 Palm Blvd, Isle Of Palms, SC 29451-2229
Entity Owned
2-yr Hold
Free & Clear
Property ID
US77-2890981
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
1968
Total area
1,100 SF
Lot
0.12 ac (5,227 SF)
APN
568-11-00-177
UPID
US77-2890981
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
Current use
Occupant on record · Public records
-
Haviland Real Estate Photography Photography Service (Bike/Boat/Book/etc) Store
-
Indigenius Cuisine Take-out & Catering Catering Service
-
Isle of Palms Vacation Rentals by Exclusive Properties Vacation Rental Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$925k
Blend (final)
Blend
$925k
Owner & transaction history
1116 Palm Boulevard LLC · 2 yrs held
1116 Palm Boulevard LLC
since 2023
6 recorded transactions
Zoning & alternative use
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 Isle Of Palms submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Isle Of Palms 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$925k
Range $833k – $1.02M · ±10%
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
$841 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$5,631
Tax year 2023
Assessed value
$24,440
Assessed 2023
Previous assessed
$24,440
+0.0% YoY
Effective rate
23.04%
On assessed value
Land market value
$218,946
Improvement market value
$188,354
Total market value
$407,300
Applied tax rate
2.0000
Comparables
6 recent transactions · within 1.5 miComparable in this city
6 recent transactions
Comparable in this City
Similar Nearby for Sale
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
1968
Heating
HEAT PUMP
Cooling
NONE
Stories
1
Total area
1,100 SF
Lot
0.12 ac (5,227 SF)
APN
568-11-00-177
UPID
US77-2890981
Jurisdiction
CHARLESTON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1968
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
0.12 ac
Current owner
From public records · entity-resolved
1116 Palm Boulevard LLC
Entity
Free & Clear · 2 yrs held
Mailing address
PO BOX 38, ISLE OF PALMS, SC 29451-0038
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 21, 2023
—
1116 Palm Boulevard LLC
Sharon L Johnson
Deed
—
Jul 17, 2015
$200,000
Sharon L Johnson
Casey,j William JR
Grant Deed
$393,046 · Southcoast Cmnty Bk
Mar 15, 2012
$440,000
Sharon L Johnson
First Citizens Bk & Trust Co
Grant Deed
$308,000 · Southcoast Community Bank
Dec 7, 2011
—
John W Casey JR.
First Citizens Bk & Trust Co
Grant Deed
related
—
Aug 25, 2011
$200,000
First Citizens Bk & Trust Co
Master Of Equity/charleston Cnty
Trustees Deed
related
—
Mar 20, 2007
$1,000,000
John W Walker
Casey,john W JR
Grant Deed
$850,000 · First Citizens Bank & Trust Co
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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