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

    1171 Clements Fry Rd Wando, SC 29492-7887

    • Turn key restaurants
    • 6,060 SF
    • 1.55 lot acres
    OFF-MARKET
    Last Sale
    Jul 11, 2023
    $2,299,000
    Value Estimations
    $1,995,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-1453048
    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

    • Turn key restaurants

    Property Details for 1171 Clements Fry Rd

    Year built
    2016
    Lot size
    1.55 lot acres
    Property size
    6,060 SF
    Zone code
    BERKELEY COUNTY - GC
    Property type
    Turn key restaurants
    APN
    263-00-03-012
    APU
    2630003012

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,100,000
      ML approach
      $2,125,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,684,000
      Market price range: $1.68M - $4.93M

    • Alternative Use

      Use
      Estimation
      RESTAURANT
      $3,455,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Wando
    County
    Berkeley
    State
    South Carolina
    Longitude
    -79.8297
    Latitude
    32.9333
    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
    2022
    $15,588
    $18,414
    $35,412
    $53,826
    -
    $306,900
    $590,200
    $897,100

    Comparable in this City

    • Value Estimation
      $370,000
      4,500 SF

      2030 Wambaw Crk Rd

      RESTAURANT • 4,500 SF
      2030 Wambaw Crk Rd, Charleston, SC 29492-8382
      View Details
    • Value Estimation
      $290,000
      5,328 SF

      2601 Clements Fry Rd

      RESTAURANT • 5,328 SF
      2601 Clements Fry Rd, Wando, SC 29492-7646
      View Details
    • Value Estimation
      $925,000
      11,300 SF

      880 Is Park Dr, Unit 100

      RESTAURANT • 11,300 SF
      880 Is Park Dr, Daniel Island, SC 29492-2902
      View Details
    • Value Estimation
      $2,680,000
      2,962 SF

      2490 Clements Fry Rd

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,962 SF
      2490 Clements Fry Rd, Wando, SC 29492-7737
      View Details
    • Value Estimation
      $540,000
      2,852 SF

      20 Fairchild St, Unit 101

      DRIVE-THRU RESTAURANT, FAST FOOD • 2,852 SF
      20 Fairchild St, Daniel Island, SC 29492-8952
      View Details
    • Value Estimation by Request
      61,240 SF

      State Rd

      Individual retail properties • 61,240 SF
      0 State Rd, Charleston, SC 29492
      View Details

    Similar Nearby for Sale

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      Office Suites For Sale

      Ground floor office suites available for purchase.
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    • $820,000

      Inviting Condo with Wraparound Porch

      Cozy 3-bedroom condo with modern amenities and outdoor space.
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    • New
      $750,000
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      Beresford Hall Homesite Opportunity

      Stunning 1.25-acre homesite in sought-after Charleston community.
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    • $989,800
      4.10 Acres

      Waterfront Land in Charleston, SC

      4 acres of waterfront land near Cooper River.
      Pine Field Ct, Charleston, SC 29492
      View Details
    • $2,195,000
      7.68 Acres

      Charleston Waterfront Land - $2.195M

      7.68 Acres, R1-MM Zoning, High & Dry
      0 Saint Thomas Island Dr, Wando, SC 29492
      View Details
    • $675,000
      0.53 Acres

      Marsh Front Land Near Charleston

      Conveniently located land ideal for commercial or residential development.
      Sportsman Island Dr, Wando, SC 29492
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      61,240 SF

      Hope Landing: Charleston Office Space

      Prime Charleston Office, Retail & More
      0 State Rd, Charleston, SC 29492
      View Details
    • Contact for pricing

      Legrand Boulevard Commercial Space

      Commercial space available for rent on Legrand Boulevard.
      1040 Legrand Blvd, Charleston, SC 29492
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    • Contact for pricing
      1,202 SF

      Point Hope Commons Retail Space

      Class A retail space, 1,202 sq ft available.
      1721 Clements Ferry Rd, Charleston, SC 29492
      View Details
    • Contact for pricing
      11,800 SF

      Proposed Commercial Building For Rent

      Proposed commercial building with suites from 1,200 SF available.
      1730 Clements Ferry Rd, Charleston, SC 29492
      View Details
    • Contact for pricing

      Retail Space in Charleston Center

      Retail space for lease in a Class A neighborhood center.
      Charleston, SC 29492
      View Details
    • $15 SF/Yr
      5,250 SF

      Retail/Office Center Near I-526

      Two-story retail/office center in Cainhoy commercial district.
      2030 Wambaw Crk, Charleston, SC 29492
      View Details
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    Wando, SC 29492-7887
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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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