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    1156 Bowman Rd Mount Pleasant, SC 29464
    Property profile & analytics

    1156 Bowman Rd Mount Pleasant, SC 29464

    View on Map
    • Office buildings
    • 19,090 SF
    • 3.86 lot acres
    For Lease
    $23 SF/Yr
    View Listing →
    Mount Pleasant Office Space Available For Lease
    $23 SF/Yr
    4,564 SF

    Mount Pleasant Office Space Available

    Office space featuring private offices, break rooms, and conference room.

    1156 Bowman Rd, Mount Pleasant, SC
    View Listing
    Property ID
    US77-0699560
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
    Value Estimations
    $12,975,000
    Cap Rate Potential
    2.7%
    Office buildings
    Location Intelligence

    Current Use by Public Records

    • East Cooper Center For Change / Medical Clinic
    • Duncan & Company, CPA / Accounting Firm / Tax Preparation
    • Davinci Meeting Rooms / Marketing & Advertising / Event Planning
    • Huneycutt Group / Insurance Agency
    • Mt Pleasant Executive Offices / Real Estate Agency

    Property Details for 1156 Bowman Rd

    Year built
    2001
    Lot size
    3.86 lot acres
    Property size
    19,090 SF
    Property type
    Office buildings
    APN
    535-12-00-015
    APU
    5351200015

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $15,555,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $13,162,000
      Market price range: $5.44M - $16.9M
      AI Estimate
      $13,162,000
      Market price range: $5.44M - $16.9M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $10,140,000
      Current use
      RESTAURANT
      $15,515,000
      Change: +53% Conversion: Moderate
      COMMERCIAL (GENERAL)
      $11,145,000
      Change: +10% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Mount Pleasant
    County
    Charleston
    State
    South Carolina
    Longitude
    -79.851
    Latitude
    32.8094
    CBSA code
    16700
    CBSA name
    CHARLESTON-NORTH CHARLESTON, SC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2023
    $124,238
    $0.00
    $0.00
    $517,500
    -
    $3,500,000
    $8,000,000
    $11,500,000

    Comparable in this City

    • Value Estimation
      $37,830,000
      42,836 SF

      28 Patriots Pt Rd

      OFFICE BUILDING • 42,836 SF
      28 Patriots Pt Rd, Mount Pleasant, SC 29464-4377
      View Details
    • Value Estimation
      $1,645,000
      1,860 SF

      612 Seacoast Pkwy

      OFFICE BUILDING • 1,860 SF
      612 Seacoast Pkwy, Mount Pleasant, SC 29464-8247
      View Details
    • Value Estimation
      $2,185,000
      4,119 SF

      700 Watermark Blvd

      OFFICE BUILDING • 4,119 SF
      700 Watermark Blvd, Mount Pleasant, SC 29464-5729
      View Details
    • Value Estimation
      $3,380,000
      4,900 SF

      910 Houston Northcutt Blvd

      OFFICE BUILDING • 4,900 SF
      910 Houston Northcutt Blvd, Mount Pleasant, SC 29464-3770
      View Details
    • Value Estimation
      $12,865,000
      45,114 SF

      498 Wando Park Blvd Ste, Unit 175

      OFFICE BUILDING • 45,114 SF
      498 Wando Park Blvd Ste, Mount Pleasant, SC 29464-7938
      View Details
    • Value Estimation
      $5,730,000
      14,268 SF

      950 Houston Northcutt Blvd Ste, Unit 201

      OFFICE BUILDING • 14,268 SF
      950 Houston Northcutt Blvd Ste, Mount Pleasant, SC 29464-5645
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      63,061 SF

      Class A Mixed-Use Asset

      63,061 SF mixed-use property in Mount Pleasant, SC.
      766 S Shelmore Blvd, Mount Pleasant, SC 29464
      View Details
    • $6,700,000
      14,342 SF

      Mount Pleasant Office Building For Sale

      Office building for sale with strong tenant in Mount Pleasant.
      985 Johnnie Dodds Blvd, Mount Pleasant, SC 29464
      View Details
    • Contact for pricing
      10,000 SF

      New Office Building For Sale

      New 10,000 SF office building in Mount Pleasant, SC.
      1214 Chuck Dawley Blvd, Mount Pleasant, SC 29464
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      Pending

      Two-Story Office Building For Sale

      Two-story office building with Class A finishes and surface parking.
      268 West Coleman Blvd, Mount Pleasant, SC 29464
      View Details
    • Contact for pricing
      9,649 SF

      Mount Pleasant Office Investment

      Suburban office building in central Mount Pleasant with existing income.
      975 Johnnie Dodds Blvd, Mount Pleasant, SC 29464
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      20,560 SF

      Mount Pleasant Office Building For Sale

      Class A office building near I-526 with development potential.
      550 Long Point Rd, Mount Pleasant, SC 29464
      View Details

    Similar Nearby for Lease

    • $37 SF/Yr
      9,849 SF

      New Office Building in Mount Pleasant

      Newly constructed office building in desirable Mount Pleasant location.
      1681 Belle Isle Ave, Mount Pleasant, SC 29464
      View Details
    • $895 /Mo
      215 SF

      Professional Office Space For Rent

      Prime location office building with walkable access to local favorites.
      845 Lowcountry Blvd, Mount Pleasant, SC 29464
      View Details
    • Contact for pricing

      Mount Pleasant Class A Office

      Class A office building in central Mount Pleasant location.
      735 Johnnie Dodds Blvd, Mt Pleasant, SC 29464
      View Details
    • Contact for pricing

      Class A Office Space Available

      Class A office space for lease or sale in Mount Pleasant.
      550 Long Point Rd, Mount Pleasant, SC 29464
      View Details
    • Contact for pricing

      Mt Pleasant Office Building For Rent

      Two-story office building with high visibility and easy access.
      880 Johnnie Dodds Blvd, Mt Pleasant, SC 29464
      View Details
    • Contact for pricing

      Class-A Office Building For Lease

      Class-A office building with stunning views and modern design.
      235 Magrath Darby Blvd, Mt Pleasant, SC 29464
      View Details
    View Listing
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    Mount Pleasant, SC 29464
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    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
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    1156 Bowman Rd, Mount Pleasant, SC, 29464
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