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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1850 Griffith Ln Johns Island, SC 29455-8300

    • Investment properties
    • 1,584 SF
    • 2.88 lot acres
    OFF-MARKET
    Last Sale
    Aug 26, 2022
    $800,000
    Value Estimations
    $930,000
    Show details
    Cap Rate Potential
    2.5%
    Investment properties
    Location Intelligence
    Property ID
    US77-0832188
    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

    • Investment properties

    Property Details for 1850 Griffith Ln

    Year built
    1986
    Lot size
    2.88 lot acres
    Property size
    1,584 SF
    Property type
    Investment properties
    Property subtype
    Live-work space
    APN
    313-00-00-063
    APU
    3130000063

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,080,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $983,000
      Market price range: $347k - $2.31M
      AI Estimate
      $983,000
      Market price range: $347k - $2.31M

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

    Location Insight

    • Map
    • Local Demand
    City
    Johns Island
    County
    Charleston
    State
    South Carolina
    Longitude
    -80.0547
    Latitude
    32.7349
    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
    $4,470
    $0.00
    $0.00
    $18,260
    -
    $120,000
    $184,400
    $304,400

    Comparable in this City

    • Value Estimation
      $1,085,000
      1,620 SF

      3720 Old Charleston Hwy

      OFFICE/RESIDENTIAL (MIXED USE) • 1,620 SF
      3720 Old Charleston Hwy, Johns Island, SC 29455-7828
      View Details
    • Value Estimation by Request
      1,995 SF

      1811 Salvo Ln

      OFFICE/RESIDENTIAL (MIXED USE) • 1,995 SF
      1811 Salvo Ln, Johns Island, SC 29455-8127
      View Details
    • Value Estimation by Request
      1,194 SF

      1780 Southwick Dr

      OFFICE/RESIDENTIAL (MIXED USE) • 1,194 SF
      1780 Southwick Dr, Johns Island, SC 29455-8402
      View Details
    • Value Estimation by Request
      1,100 SF

      3248 Maybank Hwy

      OFFICE/RESIDENTIAL (MIXED USE) • 1,100 SF
      3248 Maybank Hwy, Johns Island, SC 29455-4816
      View Details
    • Value Estimation
      $1,700,000
      1,512 SF

      2935 Maybank Hwy

      OFFICE/RESIDENTIAL (MIXED USE) • 1,512 SF
      2935 Maybank Hwy, Johns Island, SC 29455-4811
      View Details
    • Value Estimation
      $1,090,000
      1,648 SF

      496 Main Rd, Unit A

      OFFICE/RESIDENTIAL (MIXED USE) • 1,648 SF
      496 Main Rd, Johns Island, SC 29455-3506
      View Details

    Similar Nearby for Sale

    • $1,900,000
      4,500 SF

      Johns Island Auto Shop - $1.9M

      Established Auto Business & Land
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    • $3,400,000
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      Waterfront Modern Coastal Farmhouse

      Modern waterfront farmhouse with private deep water dock.
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      Johns Island Development Site

      2+ acre development site in a prime location.
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    • $585,000

      Briar's Creek Estate Homesite

      3.62 acre homesite in private golf community near Charleston.
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    • $949,000

      Commercially Zoned Land on Johns Island

      Rare opportunity to purchase commercially zoned land on rapidly growing Johns Island.
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    • $800,000
      3.80 Acres

      Johns Island Land For Sale

      3.8 acre residential land with three buildable lots.
      2907 River Rd, Johns Island, SC 29455
      View Details

    Similar Nearby for Lease

    • $30 SF/Yr
      58,136 SF

      Maybank Hwy

      Office Properties & Spaces • 58,136 SF
      0 Maybank Hwy, Wadmalaw Island, SC 29455
      View Details
    • $15 SF/Yr
      75,574 SF

      Maybank Landing: Class A Office Space

      Seabrook Island Office & Retail: 11 Suites Available
      0 Maybank Hwy, Wadmalaw Island, SC 29455
      View Details
    • $17 SF/Yr
      960 SF

      Renovated Office Space Available

      960 SF office space with excellent visibility.
      900 Main Rd, Johns Island, SC 29455
      View Details
    • Contact for pricing
      58,841 SF

      West Ashley Place Retail Center

      Johns Island Shopping Center - Space Available
      3642 Savannah Hwy, Johns Island, SC 29455
      View Details
    • Contact for pricing
      3,005 SF

      Retail Space in Johns Island

      Retail space available for lease in Johns Island, SC.
      165 Village Green Dr, Johns Island, SC 29455
      View Details
    • $16 SF/Yr
      5,880 SF

      Johns Island Office Space Available

      Office space available for lease in Johns Island, SC.
      1810 Paulette Dr, Johns Island, SC 29455
      View Details
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    1850 Griffith Ln
    Johns Island, SC 29455-8300
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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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