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
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1535 Sam Rittenberg Blvd Charleston, SC 29407-4124

    • Commercial real estate
    • 2,081 SF
    • 0.60 lot acres
    OFF-MARKET
    Last Sale
    Jan 10, 2022
    $1,238,000
    Value Estimations
    $1,265,000
    Show details
    Cap Rate Potential
    2.6%
    Commercial real estate
    Location Intelligence
    Property ID
    US77-0233959
    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

    • Southern Pines Holdings LLC / Real Estate Agency
    • Southern pines land and timber / Corporate Office
    • Sutherland Financial Services / Financial Advisor
    • The Guest House Studio / Interior Design / Home Decor Store
    • Devine & Beard / Law Firm

    Property Details for 1535 Sam Rittenberg Blvd

    Year built
    1974
    Lot size
    0.60 lot acres
    Property size
    2,081 SF
    Property type
    Commercial real estate
    APN
    352-15-00-002
    APU
    3521500002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $990,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,295,000
      Market price range: $417k - $1.30M
      AI Estimate
      $1,295,000
      Market price range: $417k - $1.30M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $800,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Charleston
    County
    Charleston
    State
    South Carolina
    Longitude
    -80.0058
    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
    $20,460
    $0.00
    $0.00
    $74,280
    -
    $580,000
    $658,000
    $1,238,000

    Comparable in this City

    • Value Estimation by Request
      0.48 Acres

      1748 Ashley Hall Rd

      COMMERCIAL (GENERAL) • 0.48 Acres
      1748 Ashley Hall Rd, Charleston, SC 29407-3823
      View Details
    • Value Estimation by Request
      1.08 Acres

      1913 Sam Rittenberg Blvd

      COMMERCIAL (GENERAL) • 1.08 Acres
      1913 Sam Rittenberg Blvd, Charleston, SC 29407-4825
      View Details
    • Value Estimation by Request
      3.31 Acres

      Savage Rd

      COMMERCIAL (GENERAL) • 3.31 Acres
      Savage Rd, Charleston, SC 29407
      View Details
    • Value Estimation
      $1,935,000
      6,120 SF

      1470 Tobias Gadson Blvd Ste, Unit 106

      COMMERCIAL CONDOMINUIM • 6,120 SF
      1470 Tobias Gadson Blvd Ste, Charleston, SC 29407-4835
      View Details
    • Value Estimation
      $590,000
      946 SF

      642 Saint Andrews Blvd

      COMMERCIAL (GENERAL) • 946 SF
      642 Saint Andrews Blvd, Charleston, SC 29407-7159
      View Details
    • Value Estimation
      $1,965,000
      5,040 SF

      2037 Sam Rittenberg Blvd

      COMMERCIAL (GENERAL) • 5,040 SF
      2037 Sam Rittenberg Blvd, Charleston, SC 29407-4601
      View Details

    Similar Nearby for Sale

    • $725,000

      West Ashley Land: 2.17 Acre Lot

      Prime Charleston residential land, ready to build.
      0 Ashley Hall Plantation Rd, Charleston, SC 29407
      View Details
    • Contact for pricing
      5,228 SF

      Class A Office Space

      Premier office building with convenient access and ample parking.
      176 Croghan Spur Rd, Charleston, SC 29407
      View Details
    • $395,000
      0.30 Acres

      West Ashley Duplex Opportunity

      Value-add duplex in Charleston's West Ashley with income potential.
      1605 Pineview Rd, Charleston, SC 29407
      View Details
    • $725,000

      West Ashley Land For Sale

      Undeveloped 2.176-acre lot in the heart of West Ashley.
      Ashley River Rd, Charleston, SC 29407
      View Details
    • $548,250
      0.35 Acres

      Executive Hall Road Land Parcels

      Charleston Office Land - Ready to Build
      0 Executive Hall Rd, Charleston, SC 29407
      View Details
    • $4,495,000
      13,856 SF

      Charleston Retail Opportunity For Sale

      Retail property with highway frontage in Charleston, South Carolina.
      1319 Savannah Hwy, Charleston, SC 29407
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      2,038 SF

      Charleston Executive Office Suites

      Prime Charleston Office Space, Flexible Sizes
      706 Orleans Rd, Charleston, SC 29407
      View Details
    • $33 SF/Yr
      34,765 SF

      Class A Office Building

      Class A office building in the heart of West Ashley.
      1014 St. Andrews Blvd, Charleston, SC 29407
      View Details
    • $33 SF/Yr
      3,698 SF

      Office/Medical Space on Saint Andrews

      Office or medical space available immediately on a major thoroughfare.
      1014 Saint Andrews Blvd, Charleston, SC 29407
      View Details
    • $15 SF/Yr
      20,000 SF

      Retail Space in Village Square

      Retail space for lease in West Ashley shopping center.
      1720 S Sam Rittenberg Blvd, Charleston, SC 29407
      View Details
    • Contact for pricing
      4,000 SF

      Charleston Office Park Investment

      Prime Charleston Office Space Available
      1 Carriage Ln, Charleston, SC 29407
      View Details
    • Contact for pricing
      187,905 SF

      Charleston Retail Center Opportunity

      High-traffic retail space available in Charleston, SC.
      17 & Coburg Dairy Rd, Charleston, SC 29407
      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.
    1535 Sam Rittenberg Blvd
    Charleston, SC 29407-4124
    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.