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    Property profile & analytics

    1801 Old Trolley Rd Summerville, SC 29485

    • Office buildings
    • 13,764 SF
    • 0.98 lot acres
    For Lease
    View listing
    $23 SF/Yr
    Last Sale
    Sep 27, 2021
    $2,115,000
    Value Estimations
    $2,360,000
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-0535181
    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

    • First Citizens Bank / Bank / Loan Service
    • Connect Hearing by AudioNova / Physician
    • Lighthouse Insurance Benefits | Summerville Insurance Agency / Insurance Agency
    • Williamson Law Office PA: Williamson Melvin D / Law Firm
    • Iridescent Portable Toilets Summerville / Building Supply

    Property Details for 1801 Old Trolley Rd

    Year built
    1987
    Construction
    FRAME
    Lot size
    0.98 lot acres
    Property size
    13,764 SF
    Zone code
    UCMX_SV
    Property type
    Office buildings
    APN
    161-04-05-004
    APU
    1610405004

    Description

    This exceptional 1,184 square foot medical office space is available for lease in Summerville, South Carolina. Located at 1801 Old Trolley Road, this Class B building offers a prime location with easy access to major roadways. The property boasts a total of 14,400 square feet spread across two stories, featuring convenient elevator access. The building is currently multi-tenant, providing a collaborative and professional environment. A significant advantage is the presence of First Citizens Bank as an anchor tenant, having occupied the building since 1987, demonstrating the property's long-term stability and desirability. The available space presents a fantastic opportunity for medical professionals seeking a well-established and reputable location to establish or expand their practice. The property's APN is 161-04-05-004, situated in Dorchester County, South Carolina, with a zip code of 29485. This listing represents a rare chance to secure office space in a building with a proven track record and a strong anchor tenant. The property is categorized as both Medical Office and Professional Office, offering versatility for various healthcare and professional services.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $2,830,000
      ML approach
      $2,480,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $2,254,000
      Market price range: $1.05M - $3.07M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $3,680,000
      Current use
      MEDICAL BUILDING
      $3,865,000
      Change: +5% Conversion: Easy
      AUTO REPAIR, GARAGE
      $3,020,000
      Change: -18% Conversion: Difficult
      RETAIL STORES
      $2,975,000
      Change: -19% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Summerville
    County
    Dorchester
    State
    South Carolina
    Longitude
    -80.1647
    Latitude
    32.9576
    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
    $53,635
    $26,190
    $100,710
    $126,900
    -
    $436,500
    $1,678,500
    $2,115,000

    Comparable in this City

    • Value Estimation
      $2,880,000
      16,186 SF

      1516 Old Trolley Rd

      OFFICE BUILDING • 16,186 SF
      1516 Old Trolley Rd, Summerville, SC 29485-8345
      View Details
    • Value Estimation by Request
      2,000 SF

      622 Old Trolley Rd Ste, Unit 130

      OFFICE BUILDING • 2,000 SF
      622 Old Trolley Rd Ste, Summerville, SC 29485-5675
      View Details
    • Value Estimation
      $2,740,000
      8,732 SF

      125 Crosscreek Dr

      OFFICE BUILDING • 8,732 SF
      125 Crosscreek Dr, Summerville, SC 29485-8250
      View Details
    • Value Estimation by Request
      2,000 SF

      622 Old Trolley Rd Ste, Unit 136

      OFFICE BUILDING • 2,000 SF
      622 Old Trolley Rd Ste, Summerville, SC 29485-5675
      View Details
    • Value Estimation by Request
      1,508 SF

      1341 Bacons Brg Rd

      OFFICE BUILDING • 1,508 SF
      1341 Bacons Brg Rd, Summerville, SC 29485-3335
      View Details
    • Value Estimation by Request
      6,000 SF

      1940 Old Trolley Rd

      OFFICE BUILDING • 6,000 SF
      1940 Old Trolley Rd, Summerville, SC 29485-6800
      View Details

    Similar Nearby for Sale

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      1 SF

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      Summerville Commercial Land Opportunity

      6-acre commercial land for sale in growing Summerville, SC.
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      Waterfront wooded lot suitable for retail, restaurant, or office.
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      Vacant 1.87 acre parcel ideal for retail or office.
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    Similar Nearby for Lease

    • $19 SF/Yr
      3,345 SF

      Summerville Executive Office Space

      Turnkey Office, 3,345 sq ft, Summerville SC
      1101 Old Trolley Rd, Summerville, SC 29485
      View Details
    • $23 SF/Yr
      1,184 SF

      Office/Medical Space For Lease

      Office/medical space available in a two-story building.
      1801 Old Trolley Rd, Summerville, SC 29485
      View Details
    • $0.19 SF/Yr
      1,530 SF

      Hwy 78 Office & Yard Lease

      Newly renovated office & 1.8-acre yard.
      10573 Us-78, Summerville, SC 29485
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    • $18 SF/Yr
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      Summerville Office Space Available

      700 SF office space for lease in Summerville, SC.
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    • $2,050,000
      2,423 SF

      Medical Office Space Available

      Professional office suites for lease in thriving medical complex.
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      View Details
    • $25 SF/Yr
      1,400 SF

      Retail Space on Old Trolley

      Highly visible retail space for lease on Old Trolley Road.
      1706 Old Trolley Rd, Summerville, SC 29485
      View Details
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    Summerville, SC 29485
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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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