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    Property profile & analytics

    1509 Hwy 17 Mount Pleasant, SC 29464-3308

    • Retail space
    • 70,532 SF
    • 15.24 lot acres
    OFF-MARKET
    Value Estimations
    $34,905,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-1142112
    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

    • Chipotle Mexican Grill / Restaurant
    • Mattress Firm Mount Pleasant East / Furniture & Home Goods

    Property Details for 1509 Hwy 17

    Year built
    1992
    Lot size
    15.24 lot acres
    Property size
    70,532 SF
    Property type
    Retail space
    APN
    559-14-00-042
    APU
    5591400042

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $34,904,000
      Market price range: $11.8M - $47.7M
      AI Estimate
      $34,904,000
      Market price range: $11.8M - $47.7M

    • 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

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

    Location Insight

    • Map
    • Local Demand
    City
    Mount Pleasant
    County
    Charleston
    State
    South Carolina
    Longitude
    -79.843
    Latitude
    32.8157
    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
    $397,839
    $0.00
    $0.00
    $1,224,190
    -
    $4,609,592
    $21,415,908
    $26,025,500

    Comparable in this City

    • Value Estimation
      $8,460,000
      14,651 SF

      1810 Hwy 17

      RETAIL STORES (PERSONAL SERVICES) • 14,651 SF
      1810 Hwy 17, Mount Pleasant, SC 29464-3309
      View Details
    • Value Estimation
      $9,435,000
      26,606 SF

      927 Houston Northcutt Blvd

      RETAIL STORES (PERSONAL SERVICES) • 26,606 SF
      927 Houston Northcutt Blvd, Mount Pleasant, SC 29464
      View Details
    • Value Estimation
      $24,215,000
      124,712 SF

      Long Grv Dr

      RETAIL STORES (PERSONAL SERVICES) • 124,712 SF
      Long Grv Dr, Mount Pleasant, SC 29464
      View Details
    • Value Estimation
      $21,015,000
      58,958 SF

      1968 Riviera Dr, Unit O

      RETAIL STORES (PERSONAL SERVICES) • 58,958 SF
      1968 Riviera Dr, Mount Pleasant, SC 29464-7570
      View Details
    • Value Estimation by Request
      1,024 SF

      1440 Ben Sawyer Blvd

      RETAIL STORES (PERSONAL SERVICES) • 1,024 SF
      1440 Ben Sawyer Blvd, Mount Pleasant, SC 29464-5525
      View Details
    • Value Estimation
      $18,570,000
      38,662 SF

      676 Long Pt Rd

      RETAIL STORES (PERSONAL SERVICES) • 38,662 SF
      676 Long Pt Rd, Mount Pleasant, SC 29464-8216
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,200 SF

      Retail Property in Mount Pleasant

      Retail space available for purchase in Mount Pleasant, SC.
      580 Long Point Rd, Mount Pleasant, SC 29464
      View Details
    • $267,000

      Established Florist Business Opportunity

      Profitable florist business for sale in Mount Pleasant, SC.
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      View Details
    • Contact for pricing
      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
    • $1,800,000

      Leased Flex Warehouse Investment

      Fully leased flex warehouse in Mt. Pleasant with long-term tenant.
      1235 Ben Sawyer Blvd, Mount Pleasant, SC 29464
      View Details

    Similar Nearby for Lease

    • $38 SF/Yr
      1,212 SF

      Retail Space Near Caliente Ballroom

      1,212 SF retail space near Wando Crossing.
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      1,554 SF

      Retail Space in Mt. Pleasant

      Retail space available in well-maintained shopping center.
      320 W Coleman Blvd, Mount Pleasant, SC 29464
      View Details
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      3,553 SF

      Retail Space in Belle Hall

      Retail space available in open-air shopping center.
      608 Long Point Rd, Mount Pleasant, SC 29464
      View Details
    • Contact for pricing
      1,500 SF

      Bowman Place Retail Outparcel

      Retail outparcel in Mt. Pleasant's premier retail destination.
      1132 Bowman Rd, Mount Pleasant, SC 29464
      View Details
    • Contact for pricing
      2,245 SF

      Mixed-Use Destination Retail Space

      Retail space in a mixed-use destination with shops and restaurants.
      1596 Palmetto Grande Dr, Mt Pleasant, SC 29464
      View Details
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    Mount Pleasant, SC 29464-3308
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    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
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