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

    2040 Savage Rd Charleston, SC 29407-4731

    • Manufacturing properties
    • 84,676 SF
    • 5.01 lot acres
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-0743544
    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

    • GEL Engineering, LLC / Engineering Consultant / Environmental Consultant
    • GEL Laboratories LLC / Environmental Consultant / Laboratory
    • FedEx Drop Box / Mailing Service
    • Crestpoint Building and Construction / Contractor
    • Careers Labs | GEL / Medical Laboratory

    Property Details for 2040 Savage Rd

    Year built
    1990
    Lot size
    5.01 lot acres
    Property size
    84,676 SF
    Property type
    Manufacturing properties
    APN
    351-05-00-017
    APU
    3510500017

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Charleston
    County
    Charleston
    State
    South Carolina
    Longitude
    -80.0313
    Latitude
    32.8038
    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
    $99,585
    $0.00
    $0.00
    $249,770
    -
    $982,058
    $3,789,142
    $4,771,200

    Comparable in this City

    • Value Estimation by Request

      1955 Belgrade Ave

      Distribution properties
      1955 Belgrade Ave, Charleston, SC 29407
      View Details
    • Value Estimation by Request
      31,080 SF

      1833 Sam Rittenberg Blvd

      WAREHOUSE, STORAGE • 31,080 SF
      1833 Sam Rittenberg Blvd, Charleston, SC 29407-4823
      View Details
    • Value Estimation by Request
      61,260 SF

      1977 Savannah Hwy

      WAREHOUSE, STORAGE • 61,260 SF
      1977 Savannah Hwy, Charleston, SC 29407-6250
      View Details
    • Value Estimation by Request
      28,800 SF

      1850 Ashley Riv Rd

      WAREHOUSE, STORAGE • 28,800 SF
      1850 Ashley Riv Rd, Charleston, SC 29407-4711
      View Details
    • Value Estimation by Request
      47,480 SF

      1533 Ashley Riv Rd

      WAREHOUSE, STORAGE • 47,480 SF
      1533 Ashley Riv Rd, Charleston, SC 29407-5201
      View Details
    • Value Estimation by Request
      13,347 SF

      1250 Wappoo Rd

      WAREHOUSE, STORAGE • 13,347 SF
      1250 Wappoo Rd, Charleston, SC 29407-5283
      View Details

    Similar Nearby for Sale

    • $1,650,000
      4,300 SF

      Charleston Industrial Owner-User Opportunity

      4,300 SF Flex/Warehouse, 6.3% Cap Rate
      701 Dupont Rd, Charleston, SC 29407
      View Details
    • $625,000
      2,520 SF

      West Ashley Warehouse/Office For Sale

      2,520 SF warehouse/office with convenient access to major highways.
      806 Elsey Dr, Charleston, SC 29407
      View Details
    • $2,750,000
      9,924 SF

      Charleston Office Building - $2.75M

      9,924 SF Office Building, West Ashley
      14 Farmfield Ave, Charleston, SC 29407
      View Details
    • $16,438,168
      54 SF

      Modern Office Campus For Sale

      Two-building office campus near downtown Charleston and Ashley Landing redevelopment.
      1176 Sam Rittenberg Blvd, Charleston, SC 29407
      View Details
    • $599,000
      0.20 Acres

      Renovated Triplex in West Ashley

      Fully leased triplex producing income in a convenient Charleston location.
      1539 N Avalon Cir, Charleston, SC 29407
      View Details
    • $200,000
      0.31 Acres

      Marshfront Homesite in Charleston, SC

      0.31-acre marshfront homesite in the Maryville community.
      1033 Main St, Charleston, SC 29407
      View Details

    Similar Nearby for Lease

    • $18 SF/Yr
      73,133 SF

      West Charleston Flex Space Available

      Sublease Opportunity: 6,560 SF Flex Space
      1941 Savage Rd, Charleston, SC 29407
      View Details
    • $21 SF/Yr
      2,100 SF

      West Ashley Industrial Flex Space

      Adaptable industrial flex space in West Ashley for diverse operations.
      1045 5Th Ave, Charleston, SC 29407
      View Details
    • $24 SF/Yr
      4,300 SF

      West Ashley Flex Space Available

      Newly renovated flex warehouse space in Charleston, SC.
      701 Dupont Rd, Charleston, SC 29407
      View Details
    • $22 SF/Yr
      3,128 SF

      West Ashley Warehouse/Office Space

      3,128 SF, 3 Drive-Ins, Great Location
      1955 Belgrade Ave, Charleston, SC 29407
      View Details
    • $30 SF/Yr
      4,168 SF

      Savannah Highway Retail/Office Space

      Freestanding building with excellent visibility and ample parking.
      422 Savannah Hwy, Charleston, SC 29407
      View Details
    • $20 SF/Yr
      2,790 SF

      Retail Space in Village Square

      Retail space available in well-located West Ashley shopping center.
      1634 Sam Rittenberg Blvd, Charleston, SC 29407
      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.
    2040 Savage Rd
    Charleston, SC 29407-4731
    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.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.