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Property profile & analytics
OFF-MARKET
Estimated value
$4,210,000
Turn key restaurants
1407 Shrimp Boat Ln Mount Pleasant, SC 29464-4379
Individually Owned
7-yr Hold
Free & Clear
Property ID
US77-0621757
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1985
Total area
5,780 SF
Lot
0.44 ac (19,166 SF)
APN
517-11-00-013
UPID
US77-0621757
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
-
AirGarage | Public Parking Parking Lot & Garage
-
Allure Fishing Charters Charleston Tour Operator Travel Agency
-
Water's Edge Restaurant
-
Charleston Sailing Charters-PALMETTO BREEZE Catamaran Boat Rental Service Boat Tour Agency
-
Charleston Sport Fishing Charters Tour Operator Travel Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.21M
Blend (final)
Blend
$4.21M
Owner & transaction history
Gh Shem Creek · 7 yrs held
Gh Shem Creek
since 2019
7 recorded transactions
Zoning & alternative use
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 Mount Pleasant submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Mount Pleasant 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$4.21M
Range $3.79M – $4.63M · ±10%
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
$728 / 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
$45,423
Tax year 2023
Assessed value
$155,400
Assessed 2023
Previous assessed
$155,400
+0.0% YoY
Effective rate
29.23%
On assessed value
Land market value
$1,300,000
Improvement market value
$2,033,000
Total market value
$3,333,000
Applied tax rate
2.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
Off-Market
Year built
1985
Heating
HEAT PUMP
Stories
1
Total area
5,780 SF
Lot
0.44 ac (19,166 SF)
APN
517-11-00-013
UPID
US77-0621757
Jurisdiction
CHARLESTON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1985
Heating
HEAT PUMP
Stories
1
Lot
0.44 ac
Current owner
From public records · entity-resolved
Gh Shem Creek
Individual
Free & Clear · 7 yrs held
Mailing address
502 KING ST, CHARLESTON, SC 29403-5527
Ownership since
2019
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 2, 2024
—
Gh Shem Creek LLC
—
Deed
related
$2,473,000 · United Community Bank
Jan 22, 2019
$3,333,000
Gh Shem Creek
Pwm LLC
Grant Deed
—
Nov 13, 2001
$2,000,000
Pwm LLC
—
Grant Deed
—
—
—
Pwm LLC
—
Deed Of Trust
related
$860,000 · Branch Banking & Trust Co
—
—
Pwm LLC
—
Deed Of Trust
related
$2,100,000 · Wachovia Bank NA
—
—
Pwm LLC
—
Deed Of Trust
related
$750,000 · Wachovia Bank NA
—
—
Pwm LLC
—
Deed Of Trust
related
$2,550,000 · Branch Banking & Trust Co
—
—
Pwm LLC
—
Deed Of Trust
related
$250,000 · Branch Banking & Trust Co
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.
Try Rey
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