1483 Tobias Gadson Blvd Charleston, SC 29407
Property profile & analytics
1483 Tobias Gadson Blvd, Charleston, SC 29407
- Office buildings
- 44,928 SF
- 6.15 lot acres
Property ID
US77-0248141
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.
Location Intelligence
Current Use by Public Records
- Family Dental Health of West Ashley / Dental Office
- Dr. Calvin J. Bosman, MD / Physician
- Cifuentes Eduardo MD / Physician
- Parkwood Pediatric Group / Pediatrician / Medical Clinic
- Charleston Hand Group / Medical Clinic
Property Details for 1483 Tobias Gadson Blvd
- Year built
- 1988
- Lot size
- 6.15 lot acres
- Property type
- Office buildings
- APN
- 351-02-00-028
- APU
- 3510200028
Description
This Charleston, SC, medical office building presents a compelling value-add investment opportunity. Located at 1483 Tobias Gadson Blvd, this Class B property totals 43,426 square feet across two stories in one building, situated on a 6.15-acre lot. Built in 1988, the property boasts 178 parking spaces and is zoned GO (General Office). The building is currently over 92% occupied by a diverse tenant roster, including prominent healthcare providers such as the Medical University of South Carolina (MUSC), Anaesthesia Associates, and Parkwood Pediatric Group. MUSC, the largest tenant, occupies 16.4% of the building. Rents are currently below market average at $26.17 per square foot, compared to $28.41 in the West Ashley submarket, which has a low vacancy rate of approximately 4% and no new medical buildings under construction. Significant renovations to the lobby and common areas were completed in 2023. The weighted average lease term (WALT) for occupied space is 52.3 months, and 43.3 months for the entire building. A preliminary cost segregation study estimates a potential first-year tax deduction of $479,000 to $695,000. The property is conveniently located 1.2 miles from Bon Secours/St. Francis Hospital and easily accessible from I-526 and Highway 61, just 7.2 miles from Charleston's central business district. Offers are due by 5 PM EST on February 28, 2025. Pricing expectations are significantly below replacement cost.
Value Estimations
based on Realmo’s proprietary methodology
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $11,798,000
- AI Estimate
- $11,798,000
Market price range: $11.8M - $26.1MMarket price range: $11.8M - $26.1M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $15,535,000
Get a detailed, property-specific estimation — fast and free
Location Insight
- Map
- Local Demand
- City
- Charleston
- County
- Charleston
- State
- South Carolina
- Longitude
- -80.0312
- Latitude
- 32.8087
- CBSA code
- 16700
- CBSA name
- CHARLESTON-NORTH CHARLESTON, SC METROPOLITAN STATISTICAL AREA
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$90,657
$0.00
$0.00
$308,430
-
$1,826,910
$4,492,990
$6,319,900
