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Property profile & analytics
OFF-MARKET
Estimated value
$1,145,000
Warehouses
1217 Central Ave Summerville, SC 29483-3150
Entity Owned
3-yr Hold
Free & Clear
Property ID
US77-1167737
Property profile
Verified
Property type
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Year built
1999
Construction
METAL FRAME
Total area
6,400 SF
Lot
0.78 ac (33,977 SF)
Zoning code
CG_DC
APN
136-07-02-007
UPID
US77-1167737
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.06M
CAP Approach
CAP
$1.53M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$1.15M
Owner & transaction history
Summerville Central Storage LLC · 3 yrs held
Summerville Central Storage LLC
since 2023
Last sale
$1.2M
5 recorded transactions
Zoning & alternative use
CG_DC · Summerville, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Medical building
$1.8M
+130.3%
Office building
$1.7M
+116.0%
Retail stores
$1.5M
+89.8%
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
$1,125,000
ML approach
$1,060,000
CAP Approach
CAP Return
Estimation
6%
$1,660,000
6.5%
$1,530,000
7%
$1,420,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$780,000
Current use
MEDICAL BUILDING
$1,800,000
Change: +130% · Conversion: Difficult
OFFICE BUILDING
$1,685,000
Change: +116% · Conversion: Difficult
RETAIL STORES
$1,480,000
Change: +90% · Conversion: Moderate
AUTO REPAIR, GARAGE
$1,405,000
Change: +80% · Conversion: Easy
Blend value · Realmo final
$1.15M
Range $1.03M – $1.26M · ±10% · vs last sale $1.20M (Dec 7 2022)
Last sale anchor
$1.20M
Dec 7 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
$179 / 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
$10,962
Tax year 2023
Assessed value
$28,800
Assessed 2023
Previous assessed
$28,800
+0.0% YoY
Effective rate
38.06%
On assessed value
Assessed land
$6,116
Assessed improvement
$22,684
Land market value
$101,930
Improvement market value
$378,070
Total market value
$480,000
Applied tax rate
200.0000
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
Warehouses
Use group
MINI-WAREHOUSE, STORAGE
Status
Off-Market
Year built
1999
Construction
METAL FRAME
Heating
NONE
Cooling
NONE
Stories
1
Total area
6,400 SF
Lot
0.78 ac (33,977 SF)
Zoning code
CG_DC
APN
136-07-02-007
UPID
US77-1167737
Jurisdiction
DORCHESTER
Zoning & alternative use
CG_DC · Summerville, SC
Zoning CG_DC · permitted uses
CG_DC · 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
WAREHOUSE, STORAGE Current
Est. value
$780,000
MEDICAL BUILDING
Est. value
$1.8M
OFFICE BUILDING
Est. value
$1.7M
RETAIL STORES
Est. value
$1.5M
AUTO REPAIR, GARAGE
Est. value
$1.4M
WAREHOUSE, STORAGE Current
MEDICAL BUILDING
OFFICE BUILDING
RETAIL STORES
AUTO REPAIR, GARAGE
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
1999
Construction
METAL FRAME
Heating
NONE
Cooling
Yes
Stories
1
Lot
0.78 ac
Current owner
From public records · entity-resolved
Summerville Central Storage LLC
Entity
Free & Clear · 3 yrs held
Mailing address
300 S TRYON ST STE #2500, CHARLOTTE, NC 28202-0135
Ownership since
2023
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
May 5, 2026
—
Summerville Central Storage Ll
—
Deed
related
$160,000,000
Jan 31, 2023
$1,200,000
Summerville Central Storage LLC
James W Walker JR
Re-recorded Document
related
—
Dec 7, 2022
$1,200,000
Summerville Central Storage LLC
James W Walker JR
Deed
—
Dec 7, 2022
—
Summerville Central Storage LLC
James W Walker JR
Quit Claim Deed
related
—
Nov 13, 2000
$10,316
Elizabeth D Walker
—
Grant Deed
related
—
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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