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    Property profile & analytics

    1217 Central Ave Summerville, SC 29483-3150

    • Warehouses
    • 6,400 SF
    • 0.78 lot acres
    OFF-MARKET
    Last Sale
    Dec 07, 2022
    $1,200,000
    Value Estimations
    $1,145,000
    Show details
    Cap Rate Potential
    8.8%
    Warehouses
    Location Intelligence
    Property ID
    US77-1167737
    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

    • Warehouses

    Property Details for 1217 Central Ave

    Year built
    1999
    Construction
    METAL FRAME
    Lot size
    0.78 lot acres
    Property size
    6,400 SF
    Zone code
    CG_DC
    Property type
    Warehouses
    Property subtype
    Self storage facilities
    APN
    136-07-02-007
    APU
    1360702007

    Value 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

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

    Location Insight

    • Map
    • Local Demand
    City
    Summerville
    County
    Dorchester
    State
    South Carolina
    Longitude
    -80.2134
    Latitude
    33.0179
    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
    $10,962
    $6,116
    $22,684
    $28,800
    -
    $101,930
    $378,070
    $480,000

    Comparable in this City

    • Value Estimation
      $760,000
      7,760 SF

      123 Hodge Rd

      MINI-WAREHOUSE, STORAGE • 7,760 SF
      123 Hodge Rd, Summerville, SC 29483
      View Details
    • Value Estimation
      $910,000
      13,950 SF

      1080 Orangeburg Rd

      MINI-WAREHOUSE, STORAGE • 13,950 SF
      1080 Orangeburg Rd, Summerville, SC 29483-8902
      View Details
    • Value Estimation
      $3,625,000
      37,439 SF

      Orangeburg Rd

      MINI-WAREHOUSE, STORAGE • 37,439 SF
      Orangeburg Rd, Summerville, SC 29483
      View Details
    • Value Estimation
      $9,315,000
      73,289 SF

      434 Orangeburg Rd

      MINI-WAREHOUSE, STORAGE • 73,289 SF
      434 Orangeburg Rd, Summerville, SC 29483-8925
      View Details
    • Value Estimation
      $695,000
      11,275 SF

      128 Kay Ln

      MINI-WAREHOUSE, STORAGE • 11,275 SF
      128 Kay Ln, Summerville, SC 29483-9031
      View Details
    • Value Estimation
      $1,175,000
      5,500 SF

      Alicia Dr

      MINI-WAREHOUSE, STORAGE • 5,500 SF
      Alicia Dr, Summerville, SC 29483
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      15,000 SF

      New Industrial Park Near Summerville

      New industrial park with warehouses and flex spaces for sale.
      Cember Way, Summerville, SC 29483
      View Details
    • Contact for pricing
      235 SF

      New Industrial Facilities in Summerville

      Two rear-loaded industrial facilities totaling 548,864 SF, delivering Q4 2025.
      178 Quality Dr, Summerville, SC 29483
      View Details
    • $1,250,000
      4,800 SF

      Summerville Warehouse with Laydown Yard

      4,800 SF warehouse with laydown yard on 1.25 acres.
      114 Lamplight Cir, Summerville, SC 29483
      View Details
    • $17,000,000
      17.06 Acres

      I-26 Summerville Commercial Land

      17 Acres, I-26 Frontage, High Traffic
      850 Jedburg Rd, Summerville, SC 29483
      View Details
    • $350,000
      19.26 Acres

      Summerville Land with Private Pond

      Almost 20 acres with pond near Volvo and Walmart.
      78 W 5Th North St, Summerville, SC 29483
      View Details
    • Contact for pricing

      44.48 Acres Mixed-Use Land

      44.48-acre property zoned MUC-DC allowing mixed uses.
      004 Summers Dr, Summerville, SC 29483
      View Details

    Similar Nearby for Lease

    • $10 SF/Yr
      128,000 SF

      Class A Warehouse - Summerville, SC

      Modern Distribution Space, Immediate Occupancy
      104 Pinnacle Way, Summerville, SC 29483
      View Details
    • Contact for pricing
      200,000 SF

      Spacious Warehouse with Yard Space

      200,000 SF warehouse with office and yard for lease.
      2725 West 5Th North St, Summerville, SC 29483
      View Details
    • Contact for pricing
      158,340 SF

      Industrial Building Available For Lease

      Industrial building in Summerville, SC, available for lease Q4 2023.
      237 Jedburg Rd, Summerville, SC 29483
      View Details
    • Contact for pricing
      317,376 SF

      Charleston Distribution Space For Lease

      Distribution and warehouse space available in Charleston's I-26 corridor.
      130 Hodge Rd, Summerville, SC 29483
      View Details
    • $14 SF/Yr
      40,875 SF

      Summerville Warehouse Space Available

      Class A Warehouses, 10,000-15,000 SF
      0 Cember Way, Summerville, SC 29483
      View Details
    • Contact for pricing
      575,000 SF

      Summerville Office & Warehouse Space

      Flexible Office & Industrial Space in SC
      369 Cypress Dr, Summerville, SC 29483
      View Details
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    Summerville, SC 29483-3150
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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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