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    Property profile & analytics

    188 Midland Pkwy, Unit 502 Summerville, SC 29485-8148

    • Parking lots & garages
    • 264 SF
    • 0.01 lot acres
    OFF-MARKET
    Value Estimation
    $195,000
    Last Sale
    Sep 04, 2020
    $172,500
    Location Intelligence
    Property ID
    US77-1282502
    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

    • Waters at Oakbrook Bike Parking / Bicycle Rack
    • Midland Terrace Condominiums / Condominium Rental Agency / Condominium Complex
    • Stephen Palo, Sea View Mortgage / Mortgage Broker
    • Moveo Media / Wedding Photographer / Video Editing Service

    Property Details for 188 Midland Pkwy

    Year built
    2013
    Lot size
    0.01 lot acres
    Property size
    264 SF
    Zone code
    MFR_SV
    Property type
    Parking lots & garages
    APN
    153-17-01-123
    APU
    1531701123

    Value Estimation

    by Realmo proprietary methodology Last update: July 3, 2025

    • AI approach

      CAP return
      Estimation
      Estimation
      $205,000

    • CAP approach

      CAP return
      Estimation
      6%
      $165,000
      6.5%
      $180,000
      7%
      $165,000

    • Comparable approach

      Method
      Estimation
      Relative Method
      $180,000
      Geo Method
      $150,000

    • Alternative Use

      Use
      Estimation
      Distribution
      $175,000
      Retail
      $170,000
      Mixed-Use
      $215,000
      Hospitality
      $215,000
      Educational
      $185,000
      Residential Income
      $150,000
      Energy
      $190,000
      Income-Based Land
      $185,000
      Food Service
      $200,000

    Location Insight

    • Map
    • Local Demand
    City
    Summerville
    County
    Dorchester
    State
    South Carolina
    Longitude
    -80.1634
    Latitude
    32.9631
    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
    $134
    $20
    $580
    $600
    -
    $500
    $14,500
    $15,000

    Comparable in this City

    • Value Estimation by Request
      264 SF

      188 Midland Pkwy, Unit 121

      RESIDENTIAL PARKING GARAGE • 264 SF
      188 Midland Pkwy, Summerville, SC 29485-8144
      View Details
    • Value Estimation by Request
      264 SF

      188 Midland Pkwy, Unit 309

      RESIDENTIAL PARKING GARAGE • 264 SF
      188 Midland Pkwy, Summerville, SC 29485-8146
      View Details
    • Value Estimation by Request
      264 SF

      Midland Pkwy

      RESIDENTIAL PARKING GARAGE • 264 SF
      Midland Pkwy, Summerville, SC 29485
      View Details
    • Value Estimation by Request
      264 SF

      Midland Pkwy

      RESIDENTIAL PARKING GARAGE • 264 SF
      Midland Pkwy, Summerville, SC 29485
      View Details
    • Value Estimation by Request
      264 SF

      Midland Pkwy

      RESIDENTIAL PARKING GARAGE • 264 SF
      Midland Pkwy, Summerville, SC 29485
      View Details
    • Value Estimation by Request
      264 SF

      188 Midland Pkwy

      RESIDENTIAL PARKING GARAGE • 264 SF
      188 Midland Pkwy, Summerville, SC 29485-8100
      View Details

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    Similar Nearby for Lease

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      Retail Space in Growing Community

      Retail space available in a rapidly growing suburban community.
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      Sawmill Village Retail Spaces

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    Summerville, SC 29485-8148
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    Realmo Value Estimation

    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.

    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.

    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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