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Property profile & analytics
OFF-MARKET
Estimated value
$34,905,000
Retail space
1509 Hwy 17 Mount Pleasant, SC 29464-3308
Entity Owned
2-yr Hold
Absentee Owner
Free & Clear
Property ID
US77-1142112
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1992
Total area
70,532 SF
Lot
15.24 ac (663,854 SF)
APN
559-14-00-042
UPID
US77-1142112
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
-
Chipotle Mexican Grill Restaurant
-
Mattress Firm Mount Pleasant East Furniture & Home Goods
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$34.90M
Blend (final)
Blend
$34.91M
Owner & transaction history
Zrp Wando Crossing LLC · 2 yrs held
Zrp Wando Crossing LLC
since 2023
3 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$57.3M
+136.5%
Commercial (general)
$41.2M
+69.9%
Office building
$37.5M
+54.6%
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 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
Alternative Use
Use
Estimation
RETAIL STORES
$24,235,000
Current use
RESTAURANT
$57,320,000
Change: +137% · Conversion: Easy
COMMERCIAL (GENERAL)
$41,170,000
Change: +70% · Conversion: Easy
OFFICE BUILDING
$37,455,000
Change: +55% · Conversion: Easy
Blend value · Realmo final
$34.91M
Range $31.41M – $38.40M · ±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
$495 / 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
$397,839
Tax year 2023
Assessed value
$1,224,190
Assessed 2023
Previous assessed
$1,224,190
+0.0% YoY
Effective rate
32.50%
On assessed value
Land market value
$4,609,592
Improvement market value
$21,415,908
Total market value
$26,025,500
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
Off-Market
Year built
1992
Heating
NONE
Cooling
YES
Stories
1
Total area
70,532 SF
Lot
15.24 ac (663,854 SF)
APN
559-14-00-042
UPID
US77-1142112
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
$24.2M
RESTAURANT
Est. value
$57.3M
COMMERCIAL (GENERAL)
Est. value
$41.2M
OFFICE BUILDING
Est. value
$37.5M
RETAIL STORES Current
RESTAURANT
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
1992
Heating
NONE
Cooling
Yes
Stories
1
Lot
15.24 ac
Current owner
From public records · entity-resolved
Zrp Wando Crossing LLC
Entity
Free & Clear · 2 yrs held
Mailing address
210 WINGO WAY STE #400, MOUNT PLEASANT, SC 29464-1819
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2023
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
3 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 17, 2023
$46,750,000
Zrp Wando Crossing LLC
Ddr Wando Crossing LLC
Special Warranty Deed
—
Dec 19, 2016
$4,400,000
Highway 101/willow Creek LLC
Mf Chip Mt P LLC
Grant Deed
$1,875,000 · United Cmnty Bk
Oct 16, 2009
—
Ddr Wando Crossing LLC
Developers Diversified Realty
Grant Deed
$400,000,000 · Goldman Sachs Comm'l Mtg Cap
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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