Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    1812 Wallace School Rd Charleston, SC 29407-4515
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1812 Wallace School Rd Charleston, SC 29407-4515

    View on Map
    • Commercial real estate
    • 3,060 SF
    Off-Market
    Property ID
    US77-1616479
    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.
    Value Estimations
    $1,065,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Dr. Larry J. Ferguson, DMD / Dental Office
    • Ferguson Dental Associates / Dental Office
    • Southeast Cardiology / Physician
    • Masindet Sarbabi MD / Physician
    • Gabrielle E Gannick, DDS / Dental Office

    Property Details for 1812 Wallace School Rd

    Year built
    1997
    Property size
    3,060 SF
    Property type
    Commercial real estate
    APN
    351-10-00-098
    APU
    3511000098

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,066,000
      Market price range: $613k - $1.90M
      AI Estimate
      $1,066,000
      Market price range: $613k - $1.90M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,060,000
      Current use
      OFFICE BUILDING
      $1,180,000
      Change: +12% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Charleston
    County
    Charleston
    State
    South Carolina
    Longitude
    -80.0201
    Latitude
    32.8036
    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
    $11,172
    $0.00
    $0.00
    $38,920
    -
    $73,500
    $601,600
    $675,100

    Comparable in this City

    • Value Estimation by Request
      187,905 SF

      17 & Coburg Dairy Rd

      Restaurants • 187,905 SF
      17 & Coburg Dairy Rd, Charleston, SC 29407
      View Details
    • Value Estimation by Request
      16,200 SF

      1300 Savannah Hwy

      Retail properties & Spaces • 16,200 SF
      1300 Savannah Hwy, Charleston, SC 29407
      View Details
    • Value Estimation by Request

      1847 Ashley Riv Rd

      COMMERCIAL CONDOMINUIM
      1847 Ashley Riv Rd, Charleston, SC 29407-8704
      View Details
    • Value Estimation by Request
      967 SF

      701 Gamecock Ave

      COMMERCIAL CONDOMINUIM • 967 SF
      701 Gamecock Ave, Charleston, SC 29407
      View Details
    • Value Estimation by Request
      2,310 SF

      1020 Savannah Hwy

      COMMERCIAL (GENERAL) • 2,310 SF
      1020 Savannah Hwy, Charleston, SC 29407-7804
      View Details
    • Value Estimation by Request
      1,440 SF

      925 Wappoo Rd E E Ste

      COMMERCIAL CONDOMINUIM • 1,440 SF
      925 Wappoo Rd E E Ste, Charleston, SC 29407-5969
      View Details

    Similar Nearby for Sale

    • $354,000
      1,269 SF

      West Ashley Duplex on Large Lot

      Duplex in good condition with expansion potential in Charleston, SC.
      1507 Evergreen St, Charleston, SC 29407
      View Details
    • $1,895,000
      5,567 SF

      Charleston Medical Property Investment

      Thriving medical property in Charleston, SC with favorable lease terms.
      2039 Savannah Hwy, Charleston, SC 29407
      View Details
    • Contact for pricing

      Executive Hall Business Park Land

      Building lots for sale with access to utilities.
      Executive Hall Rd, Charleston, SC 29407
      View Details
    • Contact for pricing
      1,398 SF

      Charleston Stand Alone Building

      Stand alone building in Charleston with redevelopment potential.
      1006 Savannah Hwy, Charleston, SC 29407
      View Details
    • $548,250
      1 SF

      Executive Hall Business Park Land

      Building lots for sale with water and sewer access.
      Executive Hall Rd, Charleston, SC 29407
      View Details
    • $548,250

      Executive Hall Business Park Land

      Building lots for sale with access to utilities.
      2090 Executive Hall Rd, Charleston, SC 29407
      View Details

    Similar Nearby for Lease

    • $39 SF/Yr
      72,788 SF

      Charleston Executive Office Suites

      Class A Office Space, West Ashley, SC
      176 Croghan Spur Rd, Charleston, SC 29407
      View Details
    • Contact for pricing

      Office/Warehouse with Yard Space

      Office/warehouse with yard space, near Sam Rittenburg.
      1955 Belgrade Ave, Charleston, SC 29407
      View Details
    • Contact for pricing

      Savannah Hwy Retail/Office Space

      Modern building with excellent exposure on Savannah Highway.
      1904 Savannah Hwy, Charleston, SC 29407
      View Details
    • $18 SF/Yr

      West Ashley Retail Space Available

      Retail space for lease in West Island Center.
      2049 Savannah Hwy, Charleston, SC 29407
      View Details
    • Contact for pricing
      1,507 SF

      Retail Space Near Whole Foods

      Retail space available in shopping center anchored by Whole Foods.
      1133 Savannah Hwy, Charleston, SC 29407
      View Details
    • $24 SF/Yr
      9,275 SF

      Office Complex Near Citadel Mall

      Three-building office complex on 10.82 acres with ample parking.
      1 South Park Cir, Charleston, SC 29407
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1812 Wallace School Rd
    Charleston, SC 29407-4515
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!