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Property profile & analytics
OFF-MARKET
Estimated value
$7,660,000
Distribution centers
114 Trigard Ln Summerville, SC 29483-7350
Entity Owned
4-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US77-0692607
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2002
Total area
21,200 SF
Lot
1.24 ac (54,014 SF)
Zoning code
SUMMERVILLE - LI
APN
232-00-01-097
UPID
US77-0692607
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
-
Grimco Inc. Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.70M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.66M
Owner & transaction history
Varnfield Industrial Portfolio LLC · 4 yrs held
Varnfield Industrial Portfolio LLC
since 2022
Last sale
$8.2M
6 recorded transactions
Zoning & alternative use
SUMMERVILLE - LI · Summerville, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$8.0M
+211.0%
Commercial (general)
$7.0M
+172.3%
Neighborhood: shopping center
$6.0M
+132.6%
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
$7,635,000
ML approach
$6,700,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$8,045,000
Change: +211% · Conversion: Difficult
COMMERCIAL (GENERAL)
$7,040,000
Change: +172% · Conversion: Difficult
NEIGHBORHOOD: SHOPPING CENTER
$6,015,000
Change: +133% · Conversion: Moderate
MEDICAL BUILDING
$5,955,000
Change: +130% · Conversion: Difficult
OFFICE BUILDING
$5,585,000
Change: +116% · Conversion: Difficult
RETAIL STORES
$4,905,000
Change: +90% · Conversion: Moderate
Blend value · Realmo final
$7.66M
Range $6.89M – $8.43M · ±10% · vs last sale $8.15M (Apr 18 2022)
Last sale anchor
$8.15M
Apr 18 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
$361 / 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
$37,304
Tax year 2023
Assessed value
$143,099
Assessed 2023
Previous assessed
$124,434
+15.0% YoY
Effective rate
26.07%
On assessed value
Assessed land
$13,209
Assessed improvement
$129,890
Land market value
$279,000
Improvement market value
$2,743,450
Total market value
$3,022,450
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2002
Heating
NONE
Total area
21,200 SF
Lot
1.24 ac (54,014 SF)
Zoning code
SUMMERVILLE - LI
APN
232-00-01-097
UPID
US77-0692607
Jurisdiction
BERKELEY
Zoning & alternative use
SUMMERVILLE - LI · Summerville, SC
Zoning SUMMERVILLE - LI · permitted uses
SUMMERVILLE - LI · 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.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$8.0M
COMMERCIAL (GENERAL)
Est. value
$7.0M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$6.0M
MEDICAL BUILDING
Est. value
$6.0M
OFFICE BUILDING
Est. value
$5.6M
RETAIL STORES
Est. value
$4.9M
RESTAURANT
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
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
2002
Heating
NONE
Lot
1.24 ac
Current owner
From public records · entity-resolved
Varnfield Industrial Portfolio LLC
Entity
Mailing address
550 LONG PT RD, MT PLEASANT, SC 29464-7905
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 18, 2022
$8,150,000
Varnfield Industrial Portfolio LLC
Summerville Industrial Partners LLC
Deed
$6,294,047 · First Carolina Bank
Nov 18, 2016
—
Matan-rcb Varnfield LLC
—
Deed
related
$6,534,000 · Crescom Bk
Sep 1, 2016
$3,300,000
Matan-rcb Varnfield LLC
Tricom Associates LLC
Grant Deed
—
May 1, 2001
$58,900
Tricom Assoc LLC
—
Grant Deed
—
—
—
Tricom Associates LLC
—
Deed Of Trust
related
$525,000 · Bank Of Nc
—
—
Matan-rcb Varnfield LLC
—
Deed Of Trust
related
$6,534,000 · Crescom 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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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