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Property profile & analytics
OFF-MARKET
Estimated value
$6,680,000
Super regional malls
1605 Central Ave Summerville, SC 29483-9386
Entity Owned
4-yr Hold
Free & Clear
Property ID
US77-1581630
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
28,566 SF
Lot
4.85 ac (211,266 SF)
Zoning code
GB_SV
APN
135-16-00-074
UPID
US77-1581630
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
-
Shred Nations Recycling Center Waste Management Facility
-
H&R Block Tax Preparation
-
Italian Bistro Restaurant
-
Dunkin' Bakery Discount Store
-
Grayco Hardware & Home Building Supply Hardware & Home Improvement
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$6.83M
CAP Approach
CAP
$7.32M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$6.68M
Owner & transaction history
Wilson Way 1200 LLC · 4 yrs held
Wilson Way 1200 LLC
since 2021
Last sale
$6.7M
7 recorded transactions
Zoning & alternative use
GB_SV · Summerville, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Office building
$5.1M
+265.6%
Commercial (general)
$4.4M
+221.0%
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 Summerville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Summerville 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
$6,585,000
ML approach
$6,825,000
CAP Approach
CAP Return
Estimation
6%
$7,930,000
6.5%
$7,320,000
7%
$6,800,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$5,065,000
Change: +266% · Conversion: Moderate
COMMERCIAL (GENERAL)
$4,445,000
Change: +221% · Conversion: Easy
Blend value · Realmo final
$6.68M
Range $6.01M – $7.35M · ±10% · vs last sale $6.65M (Oct 13 2021)
Last sale anchor
$6.65M
Oct 13 2021
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
$234 / 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
$91,164
Tax year 2023
Assessed value
$263,278
Assessed 2023
Previous assessed
$263,278
+0.0% YoY
Effective rate
34.63%
On assessed value
Assessed land
$144,652
Assessed improvement
$118,626
Land market value
$2,410,866
Improvement market value
$1,977,092
Total market value
$4,387,958
Applied tax rate
207.0000
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
28,566 SF
Lot
4.85 ac (211,266 SF)
Zoning code
GB_SV
APN
135-16-00-074
UPID
US77-1581630
Jurisdiction
DORCHESTER
Zoning & alternative use
GB_SV · Summerville, SC
Zoning GB_SV · permitted uses
GB_SV · Summerville, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Summerville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
OFFICE BUILDING
Est. value
$5.1M
COMMERCIAL (GENERAL)
Est. value
$4.4M
OFFICE BUILDING
COMMERCIAL (GENERAL)
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
2001
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
4.85 ac
Current owner
From public records · entity-resolved
Wilson Way 1200 LLC
Entity
Free & Clear · 4 yrs held
Mailing address
85 MARYEANNA DR, SANDY SPRINGS, GA 30342-1901
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
10 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Oct 13, 2021
$6,650,000
Wilson Way 1200 LLC
Knigiitsville Enterprise LLC
Limited Warranty Deed
—
Jun 21, 2021
$6,650,000
Wilson Way LLC
Knightsville Enterprise LLC
Limited Warranty Deed
—
Feb 20, 2020
$1,075,000
Ab Orangeburg Road LLC
Knightsville Ent LLC
Grant Deed
—
Dec 31, 2018
$316,480
Knightsville Ent LLC
Kersting LLC
Grant Deed
—
Dec 31, 2018
—
Knightsville Ent LLC
—
Grant Deed
related
$4,222,302 · Ameris Bk
Nov 19, 2018
—
Knightsville Ent LLC
Knightsville Crossing Financin
Quit Claim Deed
related
—
Nov 19, 2018
$1,400,000
Drayton-parker Companies LLC
Knightsville Ent LLC
Grant Deed
—
Nov 19, 2018
$3,329,020
Knightsville Ent LLC
Knightsville Crossing Financin
Grant Deed
related
—
Nov 19, 2018
$316,480
Knightsville Ent LLC
Kersting LLC
Grant Deed
$4,222,302 · Ameris Bk
—
—
Knightsville Crossing Financin
—
Deed Of Trust
related
$3,125,000 · Crescom Bk
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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