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

    1583 Savannah Hwy Charleston, SC 29407-7855

    • Commercial real estate
    • 6,720 SF
    • 0.46 lot acres
    OFF-MARKET
    Last Sale
    Mar 31, 2021
    $840,000
    Value Estimations
    $1,340,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-0747507
    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

    • Well Said Speech Therapy-West Ashley / Physician

    Property Details for 1583 Savannah Hwy

    Year built
    1985
    Lot size
    0.46 lot acres
    Property size
    6,720 SF
    Property type
    Commercial real estate
    APN
    349-01-00-042
    APU
    3490100042

    Value Estimations

    based on Realmo’s proprietary methodology

    • CAP approach

      CAP Return
      Estimation
      6%
      $1,400,000
      6.5%
      $1,295,000
      7%
      $1,200,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Charleston
    County
    Charleston
    State
    South Carolina
    Longitude
    -80.0095
    Latitude
    32.7845
    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
    $21,349
    $0.00
    $0.00
    $78,000
    -
    $350,000
    $950,000
    $1,300,000

    Comparable in this City

    • Value Estimation by Request
      0.22 Acres

      805 Savannah Hwy

      COMMERCIAL (GENERAL) • 0.22 Acres
      805 Savannah Hwy, Charleston, SC 29407-7278
      View Details
    • Value Estimation
      $570,000
      2,337 SF

      6 Carriage Ln

      COMMERCIAL CONDOMINUIM • 2,337 SF
      6 Carriage Ln, Charleston, SC 29407-6010
      View Details
    • Value Estimation
      $630,000
      2,400 SF

      826 Dupont Rd

      COMMERCIAL (GENERAL) • 2,400 SF
      826 Dupont Rd, Charleston, SC 29407-5731
      View Details
    • Value Estimation
      $1,155,000
      1,854 SF

      814 Elsey Dr

      COMMERCIAL (GENERAL) • 1,854 SF
      814 Elsey Dr, Charleston, SC 29407-5732
      View Details
    • Value Estimation
      $1,230,000
      4,020 SF

      2093 Executive Hall Rd

      COMMERCIAL (GENERAL) • 4,020 SF
      2093 Executive Hall Rd, Charleston, SC 29407-8711
      View Details
    • Value Estimation by Request
      2,282 SF

      824 5th Ave

      COMMERCIAL (GENERAL) • 2,282 SF
      824 5th Ave, Charleston, SC 29407-6173
      View Details

    Similar Nearby for Sale

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      Waterfront Land on Wappoo Road

      11-acre Charleston property with Intracoastal Waterway and Stono River views.
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      Charleston Investment Property For Sale

      Turn-key investment opportunity with immediate cash flow in Charleston, SC.
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      Marshfront Homesite in Charleston, SC

      0.14-acre marshfront homesite in the Maryville community.
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      West Ashley Land: 2.17 Acre Lot

      Prime Charleston residential land, ready to build.
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    Similar Nearby for Lease

    • $18 SF/Yr
      73,133 SF

      West Charleston Flex Space Available

      Sublease Opportunity: 6,560 SF Flex Space
      1941 Savage Rd, Charleston, SC 29407
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    • $30 SF/Yr
      4,168 SF

      Savannah Highway Retail/Office Space

      Freestanding building with excellent visibility and ample parking.
      422 Savannah Hwy, Charleston, SC 29407
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    • $20 SF/Yr
      2,790 SF

      Retail Space in Village Square

      Retail space available in well-located West Ashley shopping center.
      1634 Sam Rittenberg Blvd, Charleston, SC 29407
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    • $19 SF/Yr
      3,044 SF

      Retail Space on Savannah Highway

      High-visibility retail center with ample parking and heavy traffic.
      1649 Savannah Hwy, Charleston, SC 29407
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    • $27 SF/Yr
      1,312 SF

      Remodeled Office Space Available

      Centrally located office suites near St. Francis Hospital.
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      View Details
    • Contact for pricing
      7,500 SF

      Charleston Shopping Center Retail Space

      Grocery-anchored shopping center in Charleston, South Carolina available for rent.
      975 Savannah Hwy, Charleston, SC 29407
      View Details
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    1583 Savannah Hwy
    Charleston, SC 29407-7855
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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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