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Property profile & analytics
FOR LEASE
Retail space
201 Sigma Dr, Summerville, SC 29486
Entity Owned
5-yr Hold
Free & Clear
Property ID
US77-0342142
For Lease
1 / 2
$30 SF/Yr
201 Sigma Dr, Summerville, SC 29486
View Listing →
Property profile
Verified
Property type
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Year built
2014
Total area
103,500 SF
Lot
6.06 ac (263,974 SF)
Zoning code
SUMMERVILLE - PUD/DA
APN
221-00-00-062
UPID
US77-0342142
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
-
Coastie Sells South Carolina Real Estate Agency
-
valued appliance services Home Appliance Store
-
Doughty Law Firm, LLC Law Firm
-
Lowcountry Protected Insurers Insurance Agency
-
Integrated Mobile Marketing Marketing & Advertising (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$18.46M
Comparable Approach
Comparable
$23.93M
Blend (final)
Blend
$23.55M
Owner & transaction history
Lmht Nexton Office LP · 5 yrs held
Lmht Nexton Office LP
since 2021
Last sale
$26.1M
7 recorded transactions
Zoning & alternative use
SUMMERVILLE - PUD/DA · Summerville, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$34.4M
+53.7%
Neighborhood: shopping center
$29.4M
+31.3%
Medical building
$29.1M
+30.0%
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 Summerville submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Summerville 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
$23,080,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$19,995,000
6.5%
$18,460,000
7%
$17,140,000
Alternative Use
Use
Estimation
RETAIL STORES
$22,360,000
Current use
COMMERCIAL (GENERAL)
$34,370,000
Change: +54% · Conversion: Easy
NEIGHBORHOOD: SHOPPING CENTER
$29,370,000
Change: +31% · Conversion: Moderate
MEDICAL BUILDING
$29,080,000
Change: +30% · Conversion: Difficult
OFFICE BUILDING
$27,665,000
Change: +24% · Conversion: Easy
AUTO REPAIR, GARAGE
$22,715,000
Change: +2% · Conversion: Difficult
Blend value · Realmo final
$23.55M
Range $21.19M – $25.90M · ±10% · vs last sale $26.13M (Jan 21 2021)
Last sale anchor
$26.13M
Jan 21 2021
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
$227 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$367,500
Tax year 2022
Assessed value
$1,422,432
Assessed 2022
Previous assessed
$889,250
+60.0% YoY
Effective rate
25.84%
On assessed value
Assessed land
$340,872
Assessed improvement
$1,081,560
Land market value
$7,575,000
Improvement market value
$24,034,700
Total market value
$31,609,700
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
Retail space
Use group
RETAIL STORES (PERSONAL SERVICES)
Status
For Lease
Year built
2014
Heating
NONE
Stories
3
Total area
103,500 SF
Lot
6.06 ac (263,974 SF)
Zoning code
SUMMERVILLE - PUD/DA
APN
221-00-00-062
UPID
US77-0342142
Jurisdiction
BERKELEY
Zoning & alternative use
SUMMERVILLE - PUD/DA · Summerville, SC
Zoning SUMMERVILLE - PUD/DA · permitted uses
SUMMERVILLE - PUD/DA · Summerville, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Summerville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RETAIL STORES Current
Est. value
$22.4M
COMMERCIAL (GENERAL)
Est. value
$34.4M
NEIGHBORHOOD: SHOPPING CENTER
Est. value
$29.4M
MEDICAL BUILDING
Est. value
$29.1M
OFFICE BUILDING
Est. value
$27.7M
AUTO REPAIR, GARAGE
Est. value
$22.7M
RETAIL STORES Current
COMMERCIAL (GENERAL)
NEIGHBORHOOD: SHOPPING CENTER
MEDICAL BUILDING
OFFICE BUILDING
AUTO REPAIR, GARAGE
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
2014
Heating
NONE
Stories
3
Lot
6.06 ac
Current owner
From public records · entity-resolved
Lmht Nexton Office LP
Entity
Free & Clear · 5 yrs held
Mailing address
246 REHOBOTH AVE, REHOBOTH BEACH, DE 19971-2134
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
7 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jan 21, 2021
$26,125,000
Lmht Nexton Office LP
Weststone Nexton Property LLC
Grant Deed
—
Aug 31, 2017
—
Weststone Nexton Property LLC
Rg-mwv Office I LLC
Quit Claim Deed
related
$14,080,000 · Benefit Street Ptrs Realty Ope
Aug 31, 2017
$17,200,000
Weststone Nexton Property LLC
Rg-mwv Office I LLC
Grant Deed
—
Jul 22, 2016
—
Rg-mwv Office I LLC
—
Deed
related
$10,000,000 · Td Bk NA
Dec 11, 2009
$2,750,000
Mwv-sheep Island LLC
Tarrant Properties LLC
Grant Deed
—
Nov 10, 2005
$173,185
Tarrant Properties
Brown,virginia D
Warranty Deed
$400,000 · Wachovia Bank NA
—
—
Rg-mwv Office I LLC
—
Loan Modification
related
$10,000,000 · Td Bk NA
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.
Try Rey
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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