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Property profile & analytics
OFF-MARKET
Estimated value
$12,610,000
Retail space
1119 Wappoo Rd K Charleston, SC 29407-5941
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US77-1076770
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1985
Total area
49,699 SF
Lot
4.99 ac (217,364 SF)
APN
351-15-00-005
UPID
US77-1076770
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
-
Panda Palace Restaurant
-
National Karate MMA Training Center Sports School
-
Loop Nutrition Medical Clinic Physician
-
Lavish Nail Spa Nail Salon
-
Los Reyes Mexican Restaurant Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$10.30M
Comparable Approach
Comparable
$15.37M
Blend (final)
Blend
$12.61M
Owner & transaction history
Ziff Ashley Oaks LLC · 4 yrs held
Ziff Ashley Oaks LLC
since 2022
Last sale
$12.8M
5 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$19.2M
+70.3%
Commercial (general)
$17.2M
+52.7%
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 Charleston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Charleston 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
$15,765,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$11,155,000
6.5%
$10,295,000
7%
$9,560,000
Alternative Use
Use
Estimation
RETAIL STORES
$11,255,000
Current use
OFFICE BUILDING
$19,165,000
Change: +70% · Conversion: Easy
COMMERCIAL (GENERAL)
$17,185,000
Change: +53% · Conversion: Easy
Blend value · Realmo final
$12.61M
Range $11.35M – $13.87M · ±10% · vs last sale $12.75M (Mar 2 2022)
Last sale anchor
$12.75M
Mar 2 2022
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
$254 / 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
$224,071
Tax year 2023
Assessed value
$765,000
Assessed 2023
Previous assessed
$429,640
+78.1% YoY
Effective rate
29.29%
On assessed value
Land market value
$2,750,000
Improvement market value
$10,000,000
Total market value
$12,750,000
Applied tax rate
6.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1985
Heating
HEAT PUMP
Cooling
YES
Stories
1
Total area
49,699 SF
Lot
4.99 ac (217,364 SF)
APN
351-15-00-005
UPID
US77-1076770
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
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$11.3M
OFFICE BUILDING
Est. value
$19.2M
COMMERCIAL (GENERAL)
Est. value
$17.2M
RETAIL STORES Current
OFFICE BUILDING
COMMERCIAL (GENERAL)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1985
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
4.99 ac
Current owner
From public records · entity-resolved
Ziff Ashley Oaks LLC
Entity
Mailing address
210 WINGO WAY STE #400, MOUNT PLEASANT, SC 29464-1819
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 2, 2022
$12,750,000
Ziff Ashley Oaks LLC
Ashley Oaks Sc LLC
Limited Warranty Deed
$8,638,500 · Ameris Bank
May 14, 2018
—
Ashley Oaks Sc LLC
—
Deed
related
$182,646 · Ameris Bk
Nov 24, 2015
$5,490,000
Ashley Oaks Sc LLC
Ashley Oaks Of Charleston LLC
Grant Deed
related
$3,400,000 · Ameris Bk
Jan 25, 2006
—
Ashley Oaks Of Charleston LLC
Edens & Irvin
Warranty Deed
related
—
—
—
Ashley Oaks Sc LLC
—
Deed Of Trust
related
$182,646 · Ameris Bk
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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