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    1904 Main St Summerville, SC 29486-7812
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    Property profile & analytics

    1904 Main St, Summerville, SC 29486-7812

    View on Map
    • Drive through restaurants
    • 4,055 SF
    • 1.13 lot acres
    Off-Market
    Property ID
    US77-2834703
    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
    $525,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Culver's / Restaurant

    Property Details for 1904 Main St

    Year built
    2019
    Lot size
    1.13 lot acres
    Zone code
    BERKELEY COUNTY - GC
    Property type
    Drive through restaurants
    APN
    222-13-06-009
    APU
    2221306009

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Oct 4, 2018 — G & J Properties Sc LLC — Deed · related $1.8M · First Source Bk
    Jun 26, 2018 — G & J Properties Sc LLC — Deed · related $1.8M · First Source Bk
    May 14, 2018 $575,000 G & J Properties Sc LLC Seventeen A Associates LLC Limited Warranty Deed $1.6M · 1st Source Bank
    Sep 19, 2016 — Seventeen-a Associates LLC Givens,ronnie M Grant Deed —
    Jan 30, 2008 $752,875 Ronnie M Givens Velocity Powersports LLC Grant Deed $489k · Community First Bank
    Aug 2, 2006 $265,000 Velocity Powersports LLC Carmen L Driggers Deed —
    — — G & J Properties Sc LLC — Loan Modification · related $1.8M · First Source Bk
    — — G & J Properties Sc LLC — Loan Modification · related $1.8M · First Source Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $505,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $546,000
      Market price range: $292k - $631k

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

    Location Insight

    • Map
    • Local Demand
    City
    Summerville
    County
    Berkeley
    State
    South Carolina
    Longitude
    -80.1226
    Latitude
    33.0441
    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
    2022
    $34,159
    $33,900
    $78,858
    $112,758
    -
    $565,000
    $1,314,300
    $1,879,300

    Comparable in this City

    • Value Estimation
      $520,000
      6,240 SF

      1762 State Rd

      DRIVE-THRU RESTAURANT, FAST FOOD
      1762 State Rd, Summerville, SC 29486-2754
      View Details
    • Value Estimation
      $1,770,000
      3,500 SF

      2515 Main St

      DRIVE-THRU RESTAURANT, FAST FOOD
      2515 Main St, Summerville, SC 29486-7838
      View Details
    • Value Estimation by Request
      4,460 SF

      1521 Main St

      DRIVE-THRU RESTAURANT, FAST FOOD
      1521 Main St, Summerville, SC 29486-7818
      View Details
    • Value Estimation by Request
      1,640 SF

      1908 Main St

      DRIVE-THRU RESTAURANT, FAST FOOD
      1908 Main St, Summerville, SC 29486-7812
      View Details
    • Value Estimation by Request
      2,554 SF

      1801 Main St

      DRIVE-THRU RESTAURANT, FAST FOOD
      1801 Main St, Summerville, SC 29486-7819
      View Details
    • Value Estimation by Request
      4,545 SF

      1726 State Rd

      DRIVE-THRU RESTAURANT, FAST FOOD
      1726 State Rd, Summerville, SC 29486-2754
      View Details

    Similar Nearby for Sale

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      Nexton Commercial Land For Sale

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      New Self-Storage and Retail Facility

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      30,000 SF

      Nexton Mixed-Use Development Opportunity

      Mixed-use property for sale or lease in Nexton, Summerville.
      1227 Nexton Pkwy, Summerville, SC 29486
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    • Contact for pricing
      30,000 SF

      Nexton Mixed-Use Development Opportunity

      Mixed-use property in Nexton with office, retail, and restaurant spaces.
      1227 Nexton Pkwy, Summerville, SC 29486
      View Details

    Similar Nearby for Lease

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      1,500 SF

      Retail and Restaurant Spaces Available

      Retail and restaurant spaces for lease in Summerville, SC.
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      Mixed-Use Concept in Nexton

      Walkable mixed-use concept with office, retail, and restaurant spaces.
      1237 Nexton Pkwy, Summerville, SC 29486
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      Versatile Commercial Space in Summerville

      1400 SF commercial space in highly visible Summerville location.
      1731 N Main St, Summerville, SC 29486
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      2,380 SF

      Retail Space Available For Rent

      Retail property available for rent, offering 2380 square feet.
      123 North Northcreek Dr, Summerville, SC 29486
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    • Contact for pricing
      1,905 SF

      Retail Space in Nexton Square

      Retail space for rent in Summerville's Nexton Square.
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    • Contact for pricing

      Nexton Square Retail Opportunity

      Retail spaces available in Nexton Square, Summerville.
      801 Nexton Square Dr, Summerville, SC 29486
      View Details
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    Summerville, SC 29486-7812
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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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