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    2051 Sam Rittenberg Blvd Charleston, SC 29407-4683
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    Property profile & analytics

    2051 Sam Rittenberg Blvd Charleston, SC 29407-4683

    View on Map
    • Office buildings
    • 6,265 SF
    • 1.51 lot acres
    Off-Market
    Property ID
    US77-0789106
    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.
    Value Estimations
    $3,640,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Aspen Dental - Charleston, SC / Dental Office
    • aspen dental, Jebediah S Christy DDS-Charleston PLLC / Dental Office
    • Alexandra Haase / Dental Office
    • Dr. Jebediah Christy / Dental Office
    • Andrew Clanney / Dental Office

    Property Details for 2051 Sam Rittenberg Blvd

    Year built
    2016
    Lot size
    1.51 lot acres
    Property size
    6,265 SF
    Property type
    Office buildings
    APN
    310-08-00-003
    APU
    3100800003

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,641,000
      Market price range: $1.65M - $3.64M
      AI Estimate
      $3,641,000
      Market price range: $1.65M - $3.64M

    • Alternative Use

      Use
      Estimation
      OFFICE BUILDING
      $2,415,000
      Current use
      RESTAURANT
      $3,570,000
      Change: +48% Conversion: Moderate

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

    Location Insight

    • Map
    • Local Demand
    City
    Charleston
    County
    Charleston
    State
    South Carolina
    Longitude
    -80.0307
    Latitude
    32.7918
    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
    $50,744
    $0.00
    $0.00
    $174,000
    -
    $2,300,000
    $1,000,000
    $3,300,000

    Comparable in this City

    • Value Estimation
      $5,865,000
      17,728 SF

      1481 Tobias Gadson Blvd

      OFFICE BUILDING • 17,728 SF
      1481 Tobias Gadson Blvd, Charleston, SC 29407-4879
      View Details
    • Value Estimation
      $2,275,000
      3,915 SF

      1870 Sam Rittenberg Blvd

      OFFICE BUILDING • 3,915 SF
      1870 Sam Rittenberg Blvd, Charleston, SC 29407-4824
      View Details
    • Value Estimation
      $6,835,000
      17,956 SF

      1962 Sam Rittenberg Blvd

      OFFICE BUILDING • 17,956 SF
      1962 Sam Rittenberg Blvd, Charleston, SC 29407-4858
      View Details
    • Value Estimation
      $3,065,000
      5,272 SF

      808 Wappoo Rd

      OFFICE BUILDING • 5,272 SF
      808 Wappoo Rd, Charleston, SC 29407-5865
      View Details
    • Value Estimation
      $1,550,000
      2,826 SF

      802 Savannah Hwy

      OFFICE BUILDING • 2,826 SF
      802 Savannah Hwy, Charleston, SC 29407-7252
      View Details
    • Value Estimation
      $2,445,000
      9,000 SF

      8 Farmfield Ave

      OFFICE BUILDING • 9,000 SF
      8 Farmfield Ave, Charleston, SC 29407-7779
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      2,043 SF

      West Ashley Office Building For Sale

      Office building in a convenient West Ashley location.
      46A Markfield Dr, Charleston, SC 29407
      View Details
    • $2,100,000
      9,924 SF

      West Ashley Freestanding Office Building

      9,924 SF office building on 0.79 acres for sale.
      14 Farmfield Ave, Charleston, SC 29407
      View Details
    • $2,100,000
      9,924 SF

      West Ashley Freestanding Office Building

      Freestanding office building in central West Ashley with ample parking.
      14 Farmfield Rd, Charleston, SC 29407
      View Details
    • $2,125,000
      8,500 SF

      Two Connecting Office Condos

      Two well-maintained, connecting office condos totaling approximately 8,500 square feet.
      15 Gamecock Ave, Charleston, SC 29407
      View Details
    • Contact for pricing
      3,225 SF

      West Ashley Investment Opportunity

      Commercial and residential portfolio with income and development potential.
      1224 Wappoo Rd, Charleston, SC 29407
      View Details
    • Contact for pricing
      54,500 SF

      Northbridge Executive Park Investment

      Two-building office campus near Ashley Landing redevelopment.
      1176-1180 Sam Rittenberg Blvd, Charleston, SC 29407
      View Details

    Similar Nearby for Lease

    • $24 SF/Yr
      9,275 SF

      Office Complex Near Citadel Mall

      Three-building office complex on 10.82 acres with ample parking.
      1 South Park Cir, Charleston, SC 29407
      View Details
    • $33 SF/Yr
      34,765 SF

      Class A Office Building

      Class A office building in the heart of West Ashley.
      1014 St. Andrews Blvd, Charleston, SC 29407
      View Details
    • Contact for pricing

      Class A Office Building

      Modern office building in the heart of West Ashley.
      1014 St Andrews Blvd, Charleston, SC 29407
      View Details
    • $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
    • $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
    • $27 SF/Yr
      1,312 SF

      Remodeled Office Space Available

      Centrally located office suites near St. Francis Hospital.
      1483 Tobias Gadson Blvd, Charleston, SC 29407
      View Details

    Property Visit Statistics

    • Visits by month
      4.5k
    • Visitors by month
      4.1k
    • Avg Time on site
      40 min
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    Charleston, SC 29407-4683
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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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