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Property profile & analytics
OFF-MARKET
Estimated value
$88,960,000
Retail space
1600 Palmetto Grande Dr Mount Pleasant, SC 29464-2304
Entity Owned
6-yr Hold
Free & Clear
Property ID
US77-1415387
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
1999
Total area
233,943 SF
Lot
14.67 ac (639,025 SF)
APN
558-00-00-100
UPID
US77-1415387
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
-
Hyatt Place Mount Pleasant Towne Centre Hotel & Motel
-
East Cooper-Mount Pleasant Kiwanis Club Nightclub Music Venue
-
GoGreen Pro Production Facility
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$88.96M
Blend (final)
Blend
$88.96M
Owner & transaction history
Cr Mount Pleasant LLC · 6 yrs held
Cr Mount Pleasant LLC
since 2020
6 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$136.6M
+69.9%
Office building
$124.2M
+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
$80,375,000
Current use
COMMERCIAL (GENERAL)
$136,560,000
Change: +70% · Conversion: Easy
OFFICE BUILDING
$124,240,000
Change: +55% · Conversion: Easy
Blend value · Realmo final
$88.96M
Range $80.06M – $97.86M · ±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
$380 / 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
$743,312
Tax year 2023
Assessed value
$3,120,150
Assessed 2023
Previous assessed
$3,120,150
+0.0% YoY
Effective rate
23.82%
On assessed value
Land market value
$15,000,000
Improvement market value
$40,000,000
Total market value
$55,000,000
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
1999
Heating
HEAT PUMP
Stories
1
Total area
233,943 SF
Lot
14.67 ac (639,025 SF)
APN
558-00-00-100
UPID
US77-1415387
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
$80.4M
COMMERCIAL (GENERAL)
Est. value
$136.6M
OFFICE BUILDING
Est. value
$124.2M
RETAIL STORES Current
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
1999
Heating
HEAT PUMP
Stories
1
Lot
14.67 ac
Current owner
From public records · entity-resolved
Cr Mount Pleasant LLC
Entity
Free & Clear · 6 yrs held
Mailing address
1427 CLARKVIEW RD STE #500, BALTIMORE, MD 21209-0016
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Feb 18, 2020
$147,000,000
Cr Mount Pleasant LLC
Imi Mount Pleasant LLC
Grant Deed
—
Nov 20, 2006
—
Imi Mount Pleasant LLC
—
Deed Of Trust
related
$95,200,000 · Principal Commercial Funding
Oct 13, 2006
$134,250,000
Imi Mount Pleasant LLC
G & I III Mount Pleasant LLC
Warranty Deed
—
May 6, 2002
$55,250,000
G&i III Mount Pleasant LLC
—
Grant Deed
—
Jul 1, 2000
—
Town Of Mt Pleasant
—
Deed Of Trust
related
—
—
—
Cr Mount Pleasant LLC
—
Deed Of Trust
related
$84,000,000 · Voya Investment Management LLC
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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