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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1156 Bowman Rd, Unit 100C Mount Pleasant, SC 29464-3803

    • Office buildings
    • 19,090 SF
    • 3.86 lot acres
    OFF-MARKET
    Last Sale
    Jan 21, 2022
    $11,500,000
    Value Estimations
    $12,975,000
    Show details
    Cap Rate Potential
    2.7%
    Office buildings
    Location Intelligence
    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.

    Current Use by Public Records

    • East Cooper Center For Change / Medical Clinic / Professional Services
    • Duncan & Company, CPA / Accounting Firm / Bookkeeping Service
    • Davinci Meeting Rooms / Meeting Planning Service / Conference Center
    • Huneycutt Group / Home Insurance Agency
    • Mt Pleasant Executive Offices / Office Space Rental Agency / Business Center

    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 valuation — 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
      $3,455,000
      6,506 SF

      1088 Hwy 17

      OFFICE BUILDING • 6,506 SF
      1088 Hwy 17, Mount Pleasant, SC 29464
      View Details
    • Value Estimation by Request
      247,883 SF

      2000 Hospital Dr

      OFFICE BUILDING • 247,883 SF
      2000 Hospital Dr, Mount Pleasant, SC 29464-3764
      View Details
    • Value Estimation
      $3,000,000
      3,395 SF

      960 Houston Northcutt Blvd

      OFFICE BUILDING • 3,395 SF
      960 Houston Northcutt Blvd, Mount Pleasant, SC 29464-3447
      View Details
    • Value Estimation
      $2,295,000
      3,382 SF

      903 Johnnie Dodds Blvd

      OFFICE BUILDING • 3,382 SF
      903 Johnnie Dodds Blvd, Mount Pleasant, SC 29464-3152
      View Details
    • Value Estimation
      $2,630,000
      3,148 SF

      648 Long Pt Rd

      OFFICE BUILDING • 3,148 SF
      648 Long Pt Rd, Mount Pleasant, SC 29464-8216
      View Details
    • Value Estimation
      $6,865,000
      10,463 SF

      830 Lowcountry Blvd

      OFFICE BUILDING • 10,463 SF
      830 Lowcountry Blvd, Mount Pleasant, SC 29464-3097
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      39,400 SF

      Belle Hall Office Building

      Newly constructed office building in Mount Pleasant's Long Point Road submarket.
      1501 Belle Isle Ave, 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
      View Details
    • $3,550,000
      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
      View Details
    • Contact for pricing
      5,540 SF

      Mount Pleasant Executive Office Suites

      Class A office space, flexible layouts, prime location.
      550 Long Point Rd, Mount Pleasant, SC 29464
      View Details
    • $525,000
      1,034 SF

      Renovated Office Condo in Mount Pleasant

      Recently renovated office condo in Moultrie Office Park for sale.
      501 Bramson Ct -, Mount Pleasant, SC 29464
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    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
    • $20 SF/Yr
      3,400 SF

      Freestanding Office Building For Lease

      Two-story office property in a rapidly developing commercial corridor.
      890 Johnnie Dodds Blvd, Mount Pleasant, SC 29464
      View Details
    • $59 SF/Yr
      3,700 SF

      Class A Office Space Available

      Class A office space for rent in Mount Pleasant.
      Bridgeside Blvd, Mount Pleasant, SC 29464
      View Details
    • $28 SF/Yr
      30,184 SF

      Prime Mt. Pleasant Office Space

      Class A Office Suites, 13 Spaces Available
      501 Wando Park Blvd, Mount Pleasant, SC 29464
      View Details
    • $31 SF/Yr
      60,809 SF

      Mount Pleasant Medical Office Space

      Prime Medical Office Suites Available in SC
      1300 Hospital Dr, Mount Pleasant, SC 29464
      View Details
    • $15 SF/Yr
      17,400 SF

      Congruent Workspace: Mt. Pleasant Office

      Modern Mt. Pleasant office suites, flexible sizes.
      320 Wingo Way, Mount Pleasant, SC 29464
      View Details
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    Mount Pleasant, SC 29464-3803
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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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