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Property profile & analytics
OFF-MARKET
Estimated value
$14,270,000
Grocery and convenience stores
1616 Central Ave Summerville, SC 29483-9312
Entity Owned
4-yr Hold
Free & Clear
Property ID
US77-0646200
Property profile
Verified
Property type
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Year built
2016
Total area
43,352 SF
Lot
7.14 ac (311,018 SF)
Zoning code
GB_SV
APN
135-12-00-012
UPID
US77-0646200
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
-
Walmart Pharmacy Pharmacy
-
Walmart Baby & Nursery Services Social Service Agency Community Center
-
Walmart Connection Center Mobile Phone Store Electronics & Wireless Store
-
Walmart Home Services Social Service Agency
-
Ria Money Transfer - Walmart Bank Credit Union
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$9.33M
CAP Approach
CAP
$10.37M
Comparable Approach
Comparable
$14.56M
Blend (final)
Blend
$14.27M
Owner & transaction history
Camino Village LLC · 4 yrs held
Camino Village LLC
since 2022
Last sale
$14.5M
7 recorded transactions
Zoning & alternative use
GB_SV · Summerville, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$14.4M
+43.5%
Medical building
$12.2M
+21.4%
Office building
$11.4M
+13.8%
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
$13,565,000
ML approach
$9,325,000
CAP Approach
CAP Return
Estimation
6%
$11,235,000
6.5%
$10,370,000
7%
$9,630,000
Alternative Use
Use
Estimation
RETAIL STORES
$10,035,000
Current use
COMMERCIAL (GENERAL)
$14,395,000
Change: +43% · Conversion: Easy
MEDICAL BUILDING
$12,180,000
Change: +21% · Conversion: Difficult
OFFICE BUILDING
$11,425,000
Change: +14% · Conversion: Easy
AUTO REPAIR, GARAGE
$9,515,000
Change: -5% · Conversion: Difficult
Blend value · Realmo final
$14.27M
Range $12.84M – $15.70M · ±10% · vs last sale $14.48M (May 6 2022)
Last sale anchor
$14.48M
May 6 2022
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
$329 / 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
$363,385
Tax year 2023
Assessed value
$855,039
Assessed 2023
Previous assessed
$868,500
-1.5% YoY
Effective rate
42.50%
On assessed value
Assessed land
$212,952
Assessed improvement
$642,087
Land market value
$3,549,193
Improvement market value
$10,701,452
Total market value
$14,250,645
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
Grocery and convenience stores
Use group
GROCERY, SUPERMARKET
Status
Off-Market
Year built
2016
Heating
CENTRAL
Cooling
CENTRAL
Buildings
2
Stories
1
Bathrooms
1
Total area
43,352 SF
Lot
7.14 ac (311,018 SF)
Zoning code
GB_SV
APN
135-12-00-012
UPID
US77-0646200
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
RETAIL STORES Current
Est. value
$10.0M
COMMERCIAL (GENERAL)
Est. value
$14.4M
MEDICAL BUILDING
Est. value
$12.2M
OFFICE BUILDING
Est. value
$11.4M
AUTO REPAIR, GARAGE
Est. value
$9.5M
RETAIL STORES Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
2016
Heating
CENTRAL
Cooling
Yes
Stories
1
Buildings
2
Bathrooms
1
Lot
7.14 ac
Current owner
From public records · entity-resolved
Camino Village LLC
Entity
Free & Clear · 4 yrs held
Mailing address
2861 RDG RD, SANTA YNEZ, CA 93460-9529
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 13, 2022
—
Camino Village LLC
—
Deed
related
$1,300,000 · First Savings Bank
May 6, 2022
—
Camino Village LLC
Montuello Jta Group LLC
Intrafamily Transfer
related
—
Apr 28, 2022
—
Camino Village LLC
Dorchester County
Intrafamily Transfer
related
—
Jan 27, 2022
—
Camino Village LLC
Montbello Jta Group LLC
Quit Claim Deed
related
—
Jan 27, 2022
$14,475,000
Camino Village LLC
Montebello Jta Group LLC
Special Warranty Deed
—
Jan 26, 2017
$12,136,000
Montebello Jta Group LLC
Summerville Retail Inv LLC
Grant Deed
—
Dec 11, 2015
$682,500
Summerville Retail Inv LLC
Reeves,jeannette S & Jeannie S
Grant Deed
—
Dec 11, 2015
—
Summerville Retail Inv LLC
Reeves,jeannette S & Jeannie S
Quit Claim Deed
related
$9,449,400 · Regions Bk
Jan 13, 2005
—
Jeannie S Reeves
Reeves,jeannette S
Quit Claim Deed
related
—
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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