Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1502 Hwy 17 Mount Pleasant, SC 29464-3307

    • Commercial real estate
    • 2,170 SF
    • 0.25 lot acres
    OFF-MARKET
    Value Estimations
    $790,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-0493353
    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.

    Current Use by Public Records

    • Ye Ole Fashioned Ice Cream & Sandwich Cafe- Mt. Pleasant / Grocery & Convenience Store / Specialty Food Shop

    Property Details for 1502 Hwy 17

    Year built
    1969
    Lot size
    0.25 lot acres
    Property size
    2,170 SF
    Property type
    Commercial real estate
    APN
    559-10-00-014
    APU
    5591000014

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $787,000
      Market price range: $788k - $2.26M
      AI Estimate
      $787,000
      Market price range: $788k - $2.26M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,265,000
      Current use
      OFFICE BUILDING
      $1,150,000
      Change: -9% Conversion: Easy

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Mount Pleasant
    County
    Charleston
    State
    South Carolina
    Longitude
    -79.8453
    Latitude
    32.818
    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
    $8,304
    $0.00
    $0.00
    $18,900
    -
    $255,000
    $60,000
    $315,000

    Comparable in this City

    • Value Estimation by Request
      0.92 Acres

      1905 Hwy 17

      COMMERCIAL (GENERAL) • 0.92 Acres
      1905 Hwy 17, Mount Pleasant, SC 29464-9432
      View Details
    • Value Estimation by Request
      0.49 Acres

      1235 Mnr Ln

      COMMERCIAL (GENERAL) • 0.49 Acres
      1235 Mnr Ln, Mount Pleasant, SC 29464-5188
      View Details
    • Value Estimation
      $1,130,000
      1,779 SF

      1226 Pherigo St

      COMMERCIAL (GENERAL) • 1,779 SF
      1226 Pherigo St, Mount Pleasant, SC 29464-4459
      View Details
    • Value Estimation
      $545,000
      522 SF

      1021 Rifle Range Rd, Unit 101

      COMMERCIAL (GENERAL) • 522 SF
      1021 Rifle Range Rd, Mount Pleasant, SC 29464-4601
      View Details
    • Value Estimation
      $790,000
      2,175 SF

      708 Shelmore Blvd, Unit 9

      COMMERCIAL CONDOMINUIM • 2,175 SF
      708 Shelmore Blvd, Mount Pleasant, SC 29464-6726
      View Details
    • Value Estimation
      $3,460,000
      9,531 SF

      1419 Stuart Engals Blvd

      COMMERCIAL (GENERAL) • 9,531 SF
      1419 Stuart Engals Blvd, Mount Pleasant, SC 29464-3305
      View Details

    Similar Nearby for Sale

    • $1,650,000
      2 SF

      Charleston Area Commercial Land Opportunity

      Prime location with S-3 zoning in Charleston's thriving market.
      2960 Julius Robertson Rd, Mount Pleasant, SC 29464
      View Details
    • $999,900
      0.36 Acres

      Marsh View Homesite Opportunity

      Rare homesite with marsh views and city utilities available.
      843 Bridge Point Cir, Mount Pleasant, SC 29464
      View Details
    • $2,250,000
      0.23 Acres

      Prime Lot in Old Village

      Oversized lot near harbor with conceptual architectural approval.
      122 Mary St, Mount Pleasant, SC 29464
      View Details
    • $3,372,905
      3,500 SF

      Highway Frontage Retail Investment Opportunity

      New construction retail property with corporate-guaranteed lease and strong demographics.
      1767 Highway 17 N, Mt Pleasant, SC 29464
      View Details
    • $3,550,000
      9,649 SF

      Mount Pleasant Office Investment

      Suburban office building in central Mount Pleasant with existing income.
      975 Johnnie Dodds Blvd, Mount Pleasant, SC 29464
      View Details
    • Contact for pricing
      26,200 SF

      Retail Space in Bridgewater Center

      End-cap retail space available in Mt. Pleasant shopping center.
      966 Houston Northcutt Blvd, Mount Pleasant, SC 29464
      View Details

    Similar Nearby for Lease

    • $36 SF/Yr
      10,000 SF

      Mount Pleasant Creative Office Space

      Class A Office, 3,500 SF Available
      1214 Chuck Dawley Blvd, Mount Pleasant, SC 29464
      View Details
    • Contact for pricing
      3,200 SF

      Retail Space on Coleman Boulevard

      Retail space in Mt. Pleasant with high visibility.
      630 Coleman Blvd, Mount Pleasant, SC 29464
      View Details
    • $28 SF/Yr
      5,096 SF

      Modern Retail Space For Rent

      Well-equipped retail space with high visibility and convenient access.
      1136 Hungryneck Blvd, Mount Pleasant, SC 29464
      View Details
    • Contact for pricing

      Grocery Box in Mount Pleasant

      Second generation grocery box available in fully leased shopping center.
      1981 Riviera Dr, Mount Pleasant, SC 29464
      View Details
    • $125,000
      3,050 SF

      Retail Pad Site with Drive-Thru

      Retail pad site with drive-thru potential on Long Point Road.
      45 Belle Point Dr, Mt Pleasant, SC 29464
      View Details
    • $700 /Mo
      178 SF

      Functional Office Suite For Rent

      Office suite with functional layout in desirable location.
      1233 Ben Sawyer Blvd, Mount Pleasant, SC 29464
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1502 Hwy 17
    Mount Pleasant, SC 29464-3307
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.