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Property profile & analytics
OFF-MARKET
Retail space
129 Richardson Ave Summerville, SC 29483-6332
Individually Owned
1-yr Hold
Free & Clear
Property ID
US77-1622757
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2013
Construction
FRAME
Total area
1,229 SF
Lot
0.09 ac (3,920 SF)
Zoning code
DMX_SV
APN
137-07-11-007
UPID
US77-1622757
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
Current use
Occupant on record · Public records
-
Affordables Apparel Clothing & Fashion Store
-
People Places & Quilts (Bike/Boat/Book/etc) Store
-
Sand Carved Glass by Lex Melfi Marketing & Advertising
-
Treasure the View Hotel & Motel Resort
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
by Request
Owner & transaction history
Diane Frankenberger · 1 yrs held
Diane Frankenberger
since 2025
Last sale
$350,000
6 recorded transactions
Zoning & alternative use
DMX_SV · Summerville, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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
CAP Approach
Comparable Approach
Alternative Use
Get a detailed, property-specific estimation — fast and free
Price per SF
Sale + rent benchmarks
Subject property
—
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
$4,240
Tax year 2023
Assessed value
$11,694
Assessed 2023
Previous assessed
$11,694
+0.0% YoY
Effective rate
36.26%
On assessed value
Assessed land
$7,056
Assessed improvement
$4,638
Land market value
$117,600
Improvement market value
$77,303
Total market value
$194,903
Applied tax rate
207.0000
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
2013
Construction
FRAME
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Total area
1,229 SF
Lot
0.09 ac (3,920 SF)
Zoning code
DMX_SV
APN
137-07-11-007
UPID
US77-1622757
Jurisdiction
DORCHESTER
Zoning & alternative use
DMX_SV · Summerville, SC
Zoning DMX_SV · permitted uses
DMX_SV · 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.
Building & site characteristics
From public records
Year built
2013
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
0.09 ac
Current owner
From public records · entity-resolved
Diane Frankenberger
Individual
Free & Clear · 1 yrs held
Mailing address
131 E RICHARDSON AVE, SUMMERVILLE, SC 29483-6332
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 23, 2025
—
Diane Frankenberger
Marvin H Cregger
Deed
related
—
Mar 18, 2024
—
129 East Richardson LLC
Shelbourne Law LLC
Re-recorded Document
related
—
Dec 18, 2023
—
129 East Richardson LLC
Shelbourne Law LLC
Quit Claim Deed
related
—
Jan 18, 2023
$350,000
Shelbourne Law LLC
Janice Singletary
Deed
—
Jun 27, 2022
—
Diane Frankenberger
Diane F Wilson
Deed
related
—
Oct 8, 2015
—
Janice Singletary
Singletary Roddie B JR
Quit Claim 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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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