Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    1985 Riviera Dr Ste, Unit 103 Mount Pleasant, SC 29464-7582

    • Commercial real estate
    • 3,720 SF
    • 0.28 lot acres
    OFF-MARKET
    Value Estimations
    $1,350,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-0694450
    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

    • Commercial real estate

    Property Details for 1985 Riviera Dr Ste

    Year built
    2006
    Lot size
    0.28 lot acres
    Property size
    3,720 SF
    Property type
    Commercial real estate
    APN
    561-00-00-555
    APU
    5610000555

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,350,000
      Market price range: $1.35M - $3.87M
      AI Estimate
      $1,350,000
      Market price range: $1.35M - $3.87M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $2,170,000
      Current use
      OFFICE BUILDING
      $1,975,000
      Change: -9% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Mount Pleasant
    County
    Charleston
    State
    South Carolina
    Longitude
    -79.8151
    Latitude
    32.8208
    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
    $12,120
    $0.00
    $0.00
    $50,400
    -
    $300,000
    $540,000
    $840,000

    Comparable in this City

    • Value Estimation by Request
      0.92 Acres

      1905 Hwy 17

      COMMERCIAL (GENERAL) • 0.92 Acres
      1905 Hwy 17, Mount Pleasant, SC 29464-9432
      View Details
    • Value Estimation by Request
      0.49 Acres

      1235 Mnr Ln

      COMMERCIAL (GENERAL) • 0.49 Acres
      1235 Mnr Ln, Mount Pleasant, SC 29464-5188
      View Details
    • Value Estimation
      $1,130,000
      1,779 SF

      1226 Pherigo St

      COMMERCIAL (GENERAL) • 1,779 SF
      1226 Pherigo St, Mount Pleasant, SC 29464-4459
      View Details
    • Value Estimation
      $545,000
      522 SF

      1021 Rifle Range Rd, Unit 101

      COMMERCIAL (GENERAL) • 522 SF
      1021 Rifle Range Rd, Mount Pleasant, SC 29464-4601
      View Details
    • Value Estimation
      $790,000
      2,175 SF

      708 Shelmore Blvd, Unit 9

      COMMERCIAL CONDOMINUIM • 2,175 SF
      708 Shelmore Blvd, Mount Pleasant, SC 29464-6726
      View Details
    • Value Estimation
      $3,460,000
      9,531 SF

      1419 Stuart Engals Blvd

      COMMERCIAL (GENERAL) • 9,531 SF
      1419 Stuart Engals Blvd, Mount Pleasant, SC 29464-3305
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,540 SF

      Mount Pleasant Executive Office Suites

      Class A office space, flexible layouts, prime location.
      550 Long Point Rd, Mount Pleasant, SC 29464
      View Details
    • $525,000
      1,034 SF

      Renovated Office Condo in Mount Pleasant

      Recently renovated office condo in Moultrie Office Park for sale.
      501 Bramson Ct -, Mount Pleasant, SC 29464
      View Details
    • $600,000

      Residential Lot in Mount Pleasant

      Residential lot for sale in a convenient Mount Pleasant location.
      967 Pine Hollow Rd, Mount Pleasant, SC 29464
      View Details
    • $3,600,000
      7,000 SF

      Mount Pleasant Warehouse/Distribution Opportunity

      2.28 acre property with 7,000 SF building near Wando Terminal.
      367 Wando Place Dr, Mount Pleasant, SC 29464
      View Details
    • $296,000
      0.49 Acres

      Residential Land in Mount Pleasant

      Residential land for sale in Mount Pleasant, South Carolina.
      Middle St, Mount Pleasant, SC 29464
      View Details
    • $400,000

      Vacant Land in Mount Pleasant

      Spacious vacant land parcel in a peaceful, natural Mount Pleasant setting.
      1667 Snowden Rd, Mount Pleasant, SC 29464
      View Details

    Similar Nearby for Lease

    • $31 SF/Yr
      60,809 SF

      Mount Pleasant Medical Office Space

      Prime Medical Office Suites Available in SC
      1300 Hospital Dr, Mount Pleasant, SC 29464
      View Details
    • $15 SF/Yr
      17,400 SF

      Congruent Workspace: Mt. Pleasant Office

      Modern Mt. Pleasant office suites, flexible sizes.
      320 Wingo Way, Mount Pleasant, SC 29464
      View Details
    • $36 SF/Yr
      1,249 SF

      Mathis Ferry Road Office Suites

      Executive office space in Mount Pleasant, SC
      238 Mathis Ferry Rd, Mount Pleasant, SC 29464
      View Details
    • $28 SF/Yr
      15,597 SF

      Prime Corner Retail Space Available

      High-visibility retail space in Mount Pleasant's Iron Gate Plaza.
      1136 Hungry Nck Blvd, Mount Pleasant, SC 29464
      View Details
    • $10,000 /Mo
      3,870 SF

      Highway 17 Auto Service Building

      3,870 SF auto service building with excellent Highway 17 visibility.
      558-B Johnnie Dodds Blvd, Mount Pleasant, SC 29464
      View Details
    • Contact for pricing
      3,434 SF

      Retail Center in Mount Pleasant

      Well-located retail center with ample parking and strong demographics.
      1907 Highway 17 N, Mount Pleasant, SC 29464
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    1985 Riviera Dr Ste, Unit 103
    Mount Pleasant, SC 29464-7582
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.