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Property profile & analytics
OFF-MARKET
Estimated value
$13,695,000
Retail space
1411 Folly Rd Charleston, SC 29412-9562
Entity Owned
8-yr Hold
Absentee Owner
Free & Clear
Property ID
US77-0627462
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1981
Total area
54,760 SF
Lot
7.46 ac (324,958 SF)
APN
334-00-00-075
UPID
US77-0627462
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
-
GoodVets James Island Veterinary Clinic
-
Resharp Sharpening Service
-
Western Union Bank Credit Union
-
Presto! ATM at Publix® Atm
-
Publix Super Market at Riverland Market Specialty Food Shop Supermarket
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$17.47M
Blend (final)
Blend
$13.70M
Owner & transaction history
1411 Folly Road LLC · 8 yrs held
1411 Folly Road LLC
since 2017
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$21.3M
+71.6%
Office building
$20.8M
+67.6%
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 Charleston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Charleston 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
Alternative Use
Use
Estimation
RETAIL STORES
$12,405,000
Current use
COMMERCIAL (GENERAL)
$21,285,000
Change: +72% · Conversion: Easy
OFFICE BUILDING
$20,785,000
Change: +68% · Conversion: Easy
Blend value · Realmo final
$13.70M
Range $12.33M – $15.06M · ±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
$250 / 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
$259,551
Tax year 2023
Assessed value
$869,460
Assessed 2023
Previous assessed
$583,410
+49.0% YoY
Effective rate
29.85%
On assessed value
Land market value
$3,253,220
Improvement market value
$12,046,980
Total market value
$15,300,200
Applied tax rate
3.0000
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
1981
Heating
HEAT PUMP
Cooling
YES
Stories
3
Total area
54,760 SF
Lot
7.46 ac (324,958 SF)
APN
334-00-00-075
UPID
US77-0627462
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
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$12.4M
COMMERCIAL (GENERAL)
Est. value
$21.3M
OFFICE BUILDING
Est. value
$20.8M
RETAIL STORES Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
1981
Heating
HEAT PUMP
Cooling
Yes
Stories
3
Lot
7.46 ac
Current owner
From public records · entity-resolved
1411 Folly Road LLC
Entity
Free & Clear · 8 yrs held
Mailing address
2108 WAPPOO HALL RD, CHARLESTON, SC 29412-2068
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 25, 2022
—
1411 Folly Road LLC
—
Deed
related
$15,500,000 · Lincoln Life & Annuity Company Of New Yo
Dec 6, 2017
—
1411 Folly Road LLC
—
Grant Deed
related
$20,000,000 · Finemark Nat'l Bk&tr
Jul 19, 2017
—
1411 Folly Road LLC
Berle Properties LLC
Grant Deed
related
—
Nov 17, 2016
—
1411 Folly Road LLC
Berle Properties LLC
Grant 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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