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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2007 Old Trolley Rd Summerville, SC 29485-9075

    • Strip malls
    • 6,912 SF
    • 0.59 lot acres
    OFF-MARKET
    Value Estimations
    $365,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-2788567
    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

    • Magnolia Dance Academy / Dance School / Art School
    • The Merschen Group / Investment Service / Financial Planner
    • Alice A. Ryan, DC / Chiropractor
    • Magnolia Conservatory of the Arts / Private Educational Institution

    Property Details for 2007 Old Trolley Rd

    Year built
    2005
    Construction
    MASONRY/CONCRETE MASONRY UNITS (CMUS)
    Lot size
    0.59 lot acres
    Property size
    6,912 SF
    Zone code
    UCMX_SV
    Property type
    Strip malls
    Property subtype
    Neighborhood centers
    APN
    161-00-00-044
    APU
    1610000044

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $320,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $414,000
      Market price range: $148k - $496k

    • Alternative Use

      Use
      Estimation
      NEIGHBORHOOD: SHOPPING CENTER
      $270,000
      Current use
      INDUSTRIAL (GENERAL)
      $510,000
      Change: +89% Conversion: Difficult
      RETAIL STORES
      $380,000
      Change: +42% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Summerville
    County
    Dorchester
    State
    South Carolina
    Longitude
    -80.1656
    Latitude
    32.9519
    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
    $26,737
    $15,420
    $67,524
    $82,944
    -
    $257,004
    $1,125,396
    $1,382,400

    Comparable in this City

    • Value Estimation
      $555,000
      24,000 SF

      908 Bacons Brg Rd

      SHOPPING CENTER, STRIP CENTER • 24,000 SF
      908 Bacons Brg Rd, Summerville, SC 29485-4115
      View Details
    • Value Estimation
      $485,000
      21,000 SF

      1815 Old Trolley Rd

      SHOPPING CENTER, STRIP CENTER • 21,000 SF
      1815 Old Trolley Rd, Summerville, SC 29485-8284
      View Details
    • Value Estimation
      $2,625,000
      11,442 SF

      9970 Dorchester Rd

      SHOPPING CENTER, STRIP CENTER • 11,442 SF
      9970 Dorchester Rd, Ladson, SC 29485-7543
      View Details
    • Value Estimation
      $320,000
      15,836 SF

      9730 Dorchester Rd

      SHOPPING CENTER, STRIP CENTER • 15,836 SF
      9730 Dorchester Rd, Summerville, SC 29485-9034
      View Details
    • Value Estimation
      $275,000
      4,972 SF

      428 Old Trolley Rd

      SHOPPING CENTER, STRIP CENTER • 4,972 SF
      428 Old Trolley Rd, Summerville, SC 29485-5621
      View Details
    • Value Estimation
      $295,000
      4,160 SF

      219 Old Trolley Rd

      SHOPPING CENTER, STRIP CENTER • 4,160 SF
      219 Old Trolley Rd, Summerville, SC 29485-4928
      View Details

    Similar Nearby for Sale

    • $399,000

      Commercial Property in Summerville, SC

      Versatile commercial property on .29 acres, endless potential.
      10562 Dorchester Rd, Summerville, SC 29485
      View Details
    • $998,000
      44.92 Acres

      Summerville Land with River Access

      44.92 acres with Ashley River access and ponds.
      10945 Dorchester Rd, Summerville, SC 29485
      View Details
    • $1,500,000
      2.90 Acres

      Commercial Land on Dorchester Road

      2.90 acres of commercial land with frontage on Dorchester Rd.
      10839 Dorchester Rd, Summerville, SC 29485
      View Details
    • $1,500,000

      Commercial Land Near Summers Corner

      2.78 acres of commercial land for sale or ground lease.
      5132 Ashley River Rd, Summerville, SC 29485
      View Details
    • $1,000,000

      Dorchester Road Outparcel Opportunity

      Outparcel property near Tractor Supply with high traffic exposure.
      10505 Dorchester Rd, Summerville, SC 29485
      View Details
    • $1,500,000
      2.90 Acres

      Commercial Land in Growing Area

      2.90 acres of commercial land with high-visibility frontage.
      10839 Dorchester Rd, Summerville, SC 29485
      View Details

    Similar Nearby for Lease

    • $25 SF/Yr
      1,400 SF

      Retail Space on Old Trolley

      Highly visible retail space for lease on Old Trolley Road.
      1706 Old Trolley Rd, Summerville, SC 29485
      View Details
    • Contact for pricing

      Retail Space in Summerville, SC

      Retail space available in a rapidly growing Summerville submarket.
      Summerville, SC 29485
      View Details
    • Contact for pricing

      Retail Space in Growing Community

      Retail space available in a rapidly growing suburban community.
      4488 Ladson Rd, Summerville, SC 29485
      View Details
    • Contact for pricing
      3,000 SF

      Retail Space on Old Trolley

      3,000 SF retail space in high-traffic Summerville location.
      717 Old Trolley Rd, Summerville, SC 29485
      View Details
    • Contact for pricing
      1,200 SF

      Retail Space in Summerville, SC

      Retail space available in well-maintained shopping center.
      606 Bacons Bridge Rd, Summerville, SC 29485
      View Details
    • Contact for pricing
      4,060 SF

      Retail Space in Nexton Square

      Retail space for lease in a vibrant Summerville hub.
      301-309 Front St, Summerville, SC 29485
      View Details
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    Summerville, SC 29485-9075
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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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