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    1219 Central Ave Summerville, SC 29486
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    1219 Central Ave Summerville, SC 29486

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    • Commercial real estate
    • 5.50 lot acres
    For Sale
    $900,000
    View Listing →
    Central Avenue Multifaceted Investment Opportunity For Sale
    $900,000
    1,400 SF

    Central Avenue Multifaceted Investment Opportunity

    Unique property with residential, office, and warehouse components.

    1219 Central Avenue, Summerville, SC 29486
    View Listing
    Property ID
    US77-0710458
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Town and Country Interiors / Furniture & Home Goods
    • A Blind Connection / Furniture & Home Goods

    Property Details for 1219 Central Ave

    Lot size
    5.50 lot acres
    Property type
    Commercial real estate

    Description

    This exceptional 5.5-acre property located at 1219 Central Avenue in Summerville, South Carolina, presents a unique investment opportunity. The land currently features four existing residential homes, one trailer home, and a substantial 6,000 square foot industrial warehouse. These structures offer immediate income potential or the possibility of renovation and repurposing. The property is zoned for neighborhood commercial use, allowing for a flexible approach to development. The significant acreage allows for a variety of development options, including the potential construction of approximately 40 townhomes, creating a thriving residential community. This prime location in Summerville, SC, zip code 29483, offers easy access to local amenities and transportation. Prospective buyers are encouraged to conduct their own due diligence to verify zoning regulations, obtain necessary permits, and assess all relevant factors before making an offer. The asking price for this expansive property is $2,337,500. This is a rare opportunity to acquire a large parcel of land with existing structures in a desirable South Carolina location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Summerville
    County
    SC
    State
    South Carolina
    Longitude
    -80.2137967
    Latitude
    33.01796

    Comparable in this City

    • New
      $1,050,000
      7,264 SF

      Summerville Quadplex Near Downtown

      Quadplex in great condition, commercially zoned, minutes from downtown.
      102 Candlelite Path, Summerville, SC 29483
      View Details
    • New
      $360,000
      1,989 SF

      Updated Duplex in Summerville

      Fully updated duplex on corner lot in desirable Summerville community.
      105 Canvasback Dr, Summerville, SC 29483
      View Details
    • $239,000
      1,128 SF

      Charming Duplex with Pond View

      Summerville duplex featuring a serene pond view and desirable location.
      144 Townsend Way, Summerville, SC 29483
      View Details
    • $8,000,000
      23.75 Acres

      23.75 Acres in Summerville, SC

      23.75 acres suitable for residential, commercial, or industrial development.
      W 5 St N, Summerville, SC 29483
      View Details
    • $149,000
      0.41 Acres

      Summerville Land Ready for Development

      Land approved for multifamily construction in convenient Summerville location.
      210 Pidgeon Bay Rd, Summerville, SC 29483
      View Details
    • Contact for pricing
      0.25 Acres

      Summerville Mixed-Use Land

      Three development options available. Fully permitted.
      2215 Central Ave, Summerville, SC 29483
      View Details

    Similar Nearby for Sale

    • New
      $1,050,000
      7,264 SF

      Summerville Quadplex Near Downtown

      Quadplex in great condition, commercially zoned, minutes from downtown.
      102 Candlelite Path, Summerville, SC 29483
      View Details
    • New
      $360,000
      1,989 SF

      Updated Duplex in Summerville

      Fully updated duplex on corner lot in desirable Summerville community.
      105 Canvasback Dr, Summerville, SC 29483
      View Details
    • $239,000
      1,128 SF

      Charming Duplex with Pond View

      Summerville duplex featuring a serene pond view and desirable location.
      144 Townsend Way, Summerville, SC 29483
      View Details
    • Contact for pricing

      Residential Lot Ready to Build

      0.91-acre residential lot with utilities in place and wired storage.
      258 Lazy Acres Loop, Summerville, SC 29483
      View Details
    • $2,850,000
      3.40 Acres

      Summerville Commercial Land - 3.4 Acres

      Prime Summerville location, high visibility, development potential.
      1756 Main St, Summerville, SC 29483
      View Details
    • Contact for pricing

      Commercial Land on N Main

      1.85 acres with high visibility and frontage on N Main.
      1844 N Main St, Summerville, SC 29483
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Prime Retail/Office Corner Outparcel

      Retail/office pad in Half-Moon Outfitters anchored center for lease.
      605 N Main St, Summerville, SC 29483
      View Details
    • Contact for pricing

      Retail Pad in Summerville

      Retail pad site available for ground lease or sale.
      902 N Main St, Summerville, SC 29483
      View Details
    • Contact for pricing

      Industrial Land For Rent

      Located near Highway 78 and I-26 in Summerville, SC.
      217 Cember Way, Summerville, SC 29483
      View Details
    • $8,333 /Mo

      Retail/Office Pad in Summerville

      Corner outparcel available for ground lease or build-to-suit.
      611 N Main St, Summerville, SC 29483
      View Details
    • $100,000

      Prime Retail/Office Corner Outparcel

      Retail or office space for ground lease in Summerville, SC.
      605 N Main St, Summerville, SC 29483
      View Details
    • Contact for pricing

      Land For Rent Summerville, SC

      Land available for rent in Summerville, South Carolina.
      1306 N Main St, Summerville, SC 29483
      View Details
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    Summerville, SC 29486
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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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