Entity Owned Property summary
AI-generated overview
This stunning, fully renovated (2018) Class A executive office building in downtown Summerville offers 5,280 square feet across seven suites within a single, two-story structure. Built in 1980 and boasting original hardwood floors, eleven-foot ceilings, and abundant natural light from multiple large windows in each suite, this property provides a unique blend of historic character and modern functionality. The available space totals 168 square feet, spread across two suites, perfect for small businesses or entrepreneurs seeking a prestigious address. Amenities include shared common area restrooms, a convenient kitchenette, and inviting outdoor spaces such as a courtyard and porch. The building is located at 140 W Richardson Ave, near S Cedar Street, in Dorchester County (APN: 137-07-05-001.000). While there are no elevators, the building's two-story design offers easy accessibility. This is an exceptional opportunity to lease in a highly desirable downtown location with updated interiors and attractive shared spaces. The property is currently tenanted with multiple occupants.
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1969
Construction
FRAME
Total area
6,675 SF
Lot
0.26 ac (11,191 SF)
Zoning code
DMX_SV
APN
137-07-05-001
UPID
US77-0803691
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
-
(Bike/Boat/Book/etc) Store
-
Law Firm
-
Furniture & Home Goods Home Decor Store
-
Alternative Medicine Practice Spa & Massage Center
-
Counselor Social Worker
Location
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.02M
CAP Approach
CAP
$1.60M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$920k
Owner & transaction history
since 2020
Last sale
$1.2M
7 recorded transactions
Zoning & alternative use
DMX_SV · Summerville, SC
Top alternative use upside
Medical building
$1.9M
+21.4%
Office building
$1.8M
+13.8%
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
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
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Full NOI reconstruction, selected comps, alternative-use scenarios, data audit and PDF export.
4 alternative uses screened
Sensitivity value band
Source audit · 6 inputs
PDF export
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Summary
1
Valuation conclusion
Included free
Estimated market value
$920k
Value range
$828k – $1.01M
±10% around blend
Estimated value / SF
$138 / SF
Confidence
Property data
100
Market benchmarks
100
Comparable evidence
60
$828k
blend $920k
$1.01M
Market-derived valuation under stabilized market assumptions. Desktop analysis. No physical inspection performed.
2
Subject property
Included free
GBA
6,675 SF
Lot area
0.26 ac
Year built
1969
Stories
2
APN
137-07-05-001
Zoning
DMX_SV
Assessed value
$69,000
Annual tax
$28,542
3
Income approach: direct capitalization
Partial preview
Income approach indication
$1.60M
Direct capitalization · @ 6.5% CAP return
@ 6% CAP return
$1.73M
@ 6.5% CAP return
$1.60M
@ 7% CAP return
$1.49M
4
Sales comparison
Partial preview
Too few qualifying comparables for a sales-approach estimation.
5
Sensitivity & risk
Partial preview
Downside
−10%
Base
$920k
Upside
+10%
Bounds of the ±10% band vs the blend — never simulated scenarios.
6
Current market position
Included free
Benchmark
Observed band ($/SF)AverageSubject delta
ZIP 32 sales
$231
-40%
Submarket 52 sales
$216
-36%
County 59 sales
$176
-22%
Band = middle half (Q1–Q3) of recorded sale $/SF for this use type per geography; the diamond marks the subject at $138/SF. Delta below average reads as headroom. Source: Realmo CRE sales derivatives (county records).
7
Alternative use screening
Partial preview
Top alternative use
Medical Building
Gross theoretical uplift
+21%
vs current-use indication
Office Building
Retail Stores · current use
Auto Repair, Garage
Values shown before conversion costs, entitlement costs, capital expenditures and stabilization risk.
8
Data & methodology
Included free
Building area
County record
Property tax
County record
Assessed value
County record
Zoning designation
County record
Operating expenses
Modeled
Market rent
Not available
Not analyzed due to unavailable source data: actual rent roll, tenant leases, physical condition and capital
requirements are outside a desktop analysis.
Cost Approach excluded: income and sales evidence cover the value conclusion.
Automated valuation analysis, not a licensed appraisal. Figures are derived from public
records and proprietary models. Desktop analysis: no physical inspection, tenant leases or reported
property income. Verify with a licensed appraiser before transacting.
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
Unlock the complete Cap Rate workflow
Full market tables, editable assumptions, comparable evidence, saved work and exports.
9-scenario matrix
Market rates by use type
PDF export
Professional Plan · 30 reports
from $99/month
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Overview
No cap rate is computable for this property yet: no recorded sale, income signal or market-rate row for its use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Test a cap rate
Implied value$1.15M
Move the market yield to see immediate price impact.
Value / SF
$172
Vs. selected
Base
Derivation
NOI ÷ cap
Arithmetic over the derived NOI * — not market scenario modeling.
NOI × cap matrix
Preview
Preview of 9 modeled outcomes.
NOI
5.00%7.00%9.00%
$72k
$1.45M
$1.04M
$805k
$81k
$1.61M
$1.15M
$894k
$89k
$1.77M
$1.26M
$984k
NOI sensitivity ±10% across the 5 / 7 / 9% anchors — derivation of the NOI above.
Property tax & assessments
Tax year 2023Property tax & assessments
Tax year 2023
Tax billed
$28,542
Tax year 2023
Assessed value
$69,000
Assessed 2023
Previous assessed
$69,000
+0.0% YoY
Effective rate
41.37%
On assessed value
Assessed land
$13,249
Assessed improvement
$55,751
Land market value
$220,820
Improvement market value
$929,180
Total market value
$1,150,000
Applied tax rate
207.0000
Automated cap rate analysis. Based on public records, market benchmarks and proprietary
models. Verify with a licensed professional before transacting.
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
1969
Construction
FRAME
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
2
Total area
6,675 SF
Lot
0.26 ac (11,191 SF)
Zoning code
DMX_SV
APN
137-07-05-001
UPID
US77-0803691
Jurisdiction
DORCHESTER
Zoning & alternative use
DMX_SV · Summerville, SCZoning DMX_SV · permitted uses
DMX_SV · Summerville, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Alternative use value scenarios
Repositioning upside vs current use
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Building & site characteristics
From public records
Year built
1969
Construction
FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
2
Lot
0.26 ac
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
County-recorded code
DMX_SV
Jurisdiction
Summerville, SC
Recorded code
DMX_SV
Zoning Insight
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for DMX_SV in Summerville, SC.
What opens after registration
Zoning profile
2 official documentsVerified municipal sources with file download
Match provenanceAssignment basis, match tier and confidence
Private report access
See the official zoning profile for this address.
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Ownership Intelligence
Find the owner behind the property.
Unlock the evidence behind ownership: portfolio, transactions, debt and signals that help you decide who to contact next.
What opens after registration
Ownership report
Owner identityResolved entity and name variants
Portfolio holdingsLinked properties and estimated value
Deal signalsSell-side activity worth following
Debt & historyRecorded loans and transaction history
Private report access
See the ownership record for this address.
Registration is required before any owner information is shown.
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Owner of record and activity signals are derived from public records and modeled classifications.
They do not confirm beneficial ownership or intent to transact.
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