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Property profile & analytics
OFF-MARKET
Estimated value
$7,155,000
Warehouses
1951 Algonquin Rd Charleston, SC 29405-9323
Entity Owned
6-yr Hold
~
Est. High Equity
Property ID
US77-0787599
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1980
Total area
37,700 SF
Lot
1.71 ac (74,488 SF)
APN
464-10-00-004
UPID
US77-0787599
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
-
Pepsi Bottling Group Big Box & Wholesale Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$7.62M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$7.16M
Owner & transaction history
Wpsp Meeting LLC · 6 yrs held
Wpsp Meeting LLC
since 2020
Last sale
$8.1M
1 recorded transaction
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$10.0M
+86.3%
Retail stores
$8.5M
+58.8%
Industrial (general)
$6.4M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$8,250,000
6.5%
$7,615,000
7%
$7,075,000
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$5,375,000
Current use
COMMERCIAL (GENERAL)
$10,015,000
Change: +86% · Conversion: Difficult
RETAIL STORES
$8,540,000
Change: +59% · Conversion: Moderate
INDUSTRIAL (GENERAL)
$6,430,000
Change: +20% · Conversion: Easy
Blend value · Realmo final
$7.16M
Range $6.44M – $7.87M · ±10% · vs last sale $8.05M (Mar 30 2020)
Last sale anchor
$8.05M
Mar 30 2020
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
$190 / 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
$34,174
Tax year 2023
Assessed value
$124,860
Assessed 2023
Previous assessed
$124,860
+0.0% YoY
Effective rate
27.37%
On assessed value
Land market value
$1,700,000
Improvement market value
$413,500
Total market value
$2,113,500
Applied tax rate
7.0000
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
1980
Heating
NONE
Cooling
NONE
Stories
1
Total area
37,700 SF
Lot
1.71 ac (74,488 SF)
APN
464-10-00-004
UPID
US77-0787599
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
$5.4M
COMMERCIAL (GENERAL)
Est. value
$10.0M
RETAIL STORES
Est. value
$8.5M
INDUSTRIAL (GENERAL)
Est. value
$6.4M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
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
1980
Heating
NONE
Cooling
Yes
Stories
1
Lot
1.71 ac
Current owner
From public records · entity-resolved
Wpsp Meeting LLC
Entity
Mailing address
4046 COLONY RD #310, CHARLOTTE, NC 28211-5031
Ownership since
2020
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
1 recorded event · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 30, 2020
$8,050,000
Wpsp Meeting LLC
Bottling Group LLC
Grant Deed
$7,300,000 · Spcp Grp III Lopd 35 LLC
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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