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Property profile & analytics
OFF-MARKET
Estimated value
$3,950,000
Warehouses
1856 Belgrade Ave Charleston, SC 29407-5775
Trust Owned
~
Est. High Equity
Property ID
US77-0975291
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1987
Total area
19,700 SF
Lot
1.22 ac (53,143 SF)
APN
351-14-00-035
UPID
US77-0975291
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
-
Flymen Fishing Company (Bike/Boat/Book/etc) Store
-
Charleston Muay Thai and Boxing Training Center Sports School
-
Wadokai Aikido Training Center
-
Falcon Charter Bus Charleston Travel Agency Tour Operator
-
Tout Talent Agency Marketing & Advertising Employment Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$3.98M
Comparable Approach
Comparable
$3.06M
Blend (final)
Blend
$3.95M
Owner & transaction history
Revocable Trust Of Stephen Holst
Revocable Trust Of Stephen Holst
since 2025
Last sale
$3.8M
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Retail stores
$4.5M
+58.8%
Industrial (general)
$3.4M
+19.6%
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 Charleston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Charleston 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
$5,110,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$4,310,000
6.5%
$3,980,000
7%
$3,695,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$2,810,000
Current use
RETAIL STORES
$4,460,000
Change: +59% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$3,360,000
Change: +20% · Conversion: Easy
Blend value · Realmo final
$3.95M
Range $3.56M – $4.35M · ±10% · vs last sale $3.80M (Feb 11 2021)
Last sale anchor
$3.80M
Feb 11 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
$201 / 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
$36,623
Tax year 2023
Assessed value
$118,350
Assessed 2023
Previous assessed
$118,350
+0.0% YoY
Effective rate
30.94%
On assessed value
Land market value
$600,000
Improvement market value
$2,030,000
Total market value
$2,630,000
Applied tax rate
6.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1987
Heating
HEAT PUMP
Stories
1
Total area
19,700 SF
Lot
1.22 ac (53,143 SF)
APN
351-14-00-035
UPID
US77-0975291
Jurisdiction
CHARLESTON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$2.8M
RETAIL STORES
Est. value
$4.5M
INDUSTRIAL (GENERAL)
Est. value
$3.4M
WAREHOUSE, STORAGE Current
RETAIL STORES
INDUSTRIAL (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
1987
Heating
HEAT PUMP
Stories
1
Lot
1.22 ac
Current owner
From public records · entity-resolved
Revocable Trust Of Stephen Holst
Trust
Mailing address
1335 SEA BASS CV, CHARLESTON, SC 29412-8271
Ownership since
2025
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
8 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Sep 3, 2025
—
Revocable Trust Of Stephen Holst
1856 Belgrade Ave LLC
Deed
related
$2,430,000 · Southern Bank
Feb 11, 2021
$3,800,000
Stephen Holst
1856 Belgrade Ave LLC
Limited Warranty Deed
—
Feb 11, 2021
—
Stephen Holst
—
Deed
related
$2,605,292 · United Bank
Feb 12, 2019
—
1856 Belgrade Ave LLC
—
Grant Deed
related
$4,600,000 · First Carolina Bk
Jan 8, 2018
$2,000,000
1856 Belgrade Ave LLC
Black Bear LLC
Grant Deed
$1,640,000 · Td Bk NA
Jan 8, 2018
—
1856 Belgrade Ave LLC
Belgrade Avenue LLC
Quit Claim Deed
related
$1,640,000 · Td Bk NA
Mar 12, 2009
—
Belgrade Avenue LLC
—
Deed Of Trust
related
$1,032,000 · Harbor Bank
Dec 17, 2004
$1,100,000
Belgrade Avenue LLC
Thompson,james L & Shelia W
Grant Deed
$1,140,000 · Rbc Centura Bank
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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