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Property profile & analytics
OFF-MARKET
Estimated value
$1,290,000
Medical Office Space
202 Parsons Rd Summerville, SC 29483-3348
Entity Owned
4-yr Hold
Property ID
US77-2911396
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2020
Total area
4,132 SF
Lot
0.7 ac (30,492 SF)
Zoning code
OI_DC
APN
137-01-00-031
UPID
US77-2911396
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.23M
CAP Approach
CAP
$1.26M
Comparable Approach
Comparable
$1.03M
Blend (final)
Blend
$1.29M
Owner & transaction history
Parsons Partners LLC · 4 yrs held
Parsons Partners LLC
since 2022
Last sale
$1.4M
6 recorded transactions
Zoning & alternative use
OI_DC · Summerville, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.4M
+18.2%
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
$1,265,000
ML approach
$1,225,000
CAP Approach
CAP Return
Estimation
6%
$1,360,000
6.5%
$1,255,000
7%
$1,165,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,160,000
Current use
COMMERCIAL (GENERAL)
$1,370,000
Change: +18% · Conversion: Easy
OFFICE BUILDING
$1,090,000
Change: -6% · Conversion: Easy
RETAIL STORES
$955,000
Change: -18% · Conversion: Difficult
Blend value · Realmo final
$1.29M
Range $1.16M – $1.42M · ±10% · vs last sale $1.35M (Jun 28 2022)
Last sale anchor
$1.35M
Jun 28 2022
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
$312 / 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
$29,625
Tax year 2023
Assessed value
$44,170
Assessed 2023
Previous assessed
$44,170
+0.0% YoY
Effective rate
67.07%
On assessed value
Assessed land
$6,037
Assessed improvement
$38,133
Land market value
$100,624
Improvement market value
$635,543
Total market value
$736,167
Applied tax rate
200.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2020
Heating
HEAT PUMP
Stories
1
Bathrooms
1
Total area
4,132 SF
Lot
0.7 ac (30,492 SF)
Zoning code
OI_DC
APN
137-01-00-031
UPID
US77-2911396
Jurisdiction
DORCHESTER
Zoning & alternative use
OI_DC · Summerville, SC
Zoning OI_DC · permitted uses
OI_DC · 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
MEDICAL BUILDING Current
Est. value
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.1M
RETAIL STORES
Est. value
$955,000
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
RETAIL STORES
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
2020
Heating
HEAT PUMP
Stories
1
Bathrooms
1
Lot
0.7 ac
Current owner
From public records · entity-resolved
Parsons Partners LLC
Entity
Mailing address
1830 FALLING CRK CIR, MOUNT PLEASANT, SC 29464-7415
Ownership since
2022
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 28, 2022
$1,350,000
Parsons Partners LLC
Db Properties LLC
Deed
$1,000,000 · Cogent Bank
Sep 25, 2019
—
Db Properties LLC
—
Deed
related
$800,000 · Bank Of Sc
Dec 21, 2018
$73,000
Db Properties LLC
Buckler,robert
Grant Deed
—
Apr 7, 2008
$75,000
Buckler,robert
Caviness,timothy E
Grant Deed
$63,750 · First Citizens Bk
Apr 7, 2008
—
Timothy E Caviness
Drayton,richard
Grant Deed
related
—
—
—
Db Properties LLC
—
Deed Of Trust
related
$800,000 · Bank Of Sc
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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