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Property profile & analytics
OFF-MARKET
Estimated value
$2,695,000
Super regional malls
214 Azalea Sq Blvd Ste A Summerville, SC 29483-7368
Trust Owned
9-yr Hold
Absentee Owner
Free & Clear
Property ID
US77-1726238
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
2014
Total area
12,860 SF
Lot
1.58 ac (68,825 SF)
Zoning code
SUMMERVILLE - G-B
APN
221-00-00-127
UPID
US77-1726238
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
-
Chicken Salad Chick Take-out & Catering Catering Service
-
Crumbl - Summerville Bakery Take-out & Catering
-
Moe's Bike Rack Parking Bicycle Rack
-
Chicken Salad Chick Bike Rack Parking Bicycle Rack
-
Cajun House Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$2.90M
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$2.70M
Owner & transaction history
Loftus,james M JR Trust · 9 yrs held
Loftus,james M JR Trust
since 2017
6 recorded transactions
Zoning & alternative use
SUMMERVILLE - G-B · Summerville, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$4.3M
+17.0%
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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$3,140,000
6.5%
$2,900,000
7%
$2,690,000
Alternative Use
Use
Estimation
NEIGHBORHOOD: SHOPPING CENTER
$3,650,000
Current use
COMMERCIAL (GENERAL)
$4,270,000
Change: +17% · Conversion: Easy
MEDICAL BUILDING
$3,615,000
Change: -1% · Conversion: Difficult
OFFICE BUILDING
$3,390,000
Change: -7% · Conversion: Moderate
RETAIL STORES
$2,975,000
Change: -18% · Conversion: Easy
Blend value · Realmo final
$2.70M
Range $2.43M – $2.96M · ±10%
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
$210 / 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
$110,244
Tax year 2022
Assessed value
$314,232
Assessed 2022
Previous assessed
$314,230
+0.0% YoY
Effective rate
35.08%
On assessed value
Assessed land
$104,280
Assessed improvement
$209,952
Land market value
$1,738,000
Improvement market value
$3,499,200
Total market value
$5,237,200
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
2014
Heating
NONE
Stories
1
Total area
12,860 SF
Lot
1.58 ac (68,825 SF)
Zoning code
SUMMERVILLE - G-B
APN
221-00-00-127
UPID
US77-1726238
Jurisdiction
BERKELEY
Zoning & alternative use
SUMMERVILLE - G-B · Summerville, SC
Zoning SUMMERVILLE - G-B · permitted uses
SUMMERVILLE - G-B · 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
NEIGHBORHOOD: SHOPPING CENTER Current
Est. value
$3.7M
COMMERCIAL (GENERAL)
Est. value
$4.3M
MEDICAL BUILDING
Est. value
$3.6M
OFFICE BUILDING
Est. value
$3.4M
RETAIL STORES
Est. value
$3.0M
NEIGHBORHOOD: SHOPPING CENTER Current
COMMERCIAL (GENERAL)
MEDICAL BUILDING
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
2014
Heating
NONE
Stories
1
Lot
1.58 ac
Current owner
From public records · entity-resolved
Loftus,james M JR Trust
Trust
Free & Clear · 9 yrs held
Mailing address
6530 4TH AVE, BROOKLYN, NY 11220-4947
Mailing matches property
Different — outreach signal
Owner-occupied
No
Ownership since
2017
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
Apr 24, 2025
—
Asg Azalea LLC
—
Deed
related
$3,400,000 · Truliant FCU
Mar 9, 2017
$3,150,000
Loftus,james M JR Trust
Shoppes At Azalea LLC
Grant Deed
—
Apr 7, 2015
$5,200,000
Asg Azalea LLC|ehz Azalea LLC
Shoppes At Azalea LLC
Grant Deed
$3,380,000 · Everbank
May 30, 2008
$1,825,000
Shoppes At Azalea LLC
Mj Props Of South Carolina LLC
Grant Deed
$4,875,000 · Suntrust Bank NA
Sep 13, 2004
—
Mj Props Of South Carolina LLC
Silver Oak Associates
Grant Deed
$37,000,000 · National Bank South Carolina
—
—
Shoppes At Azalea LLC
—
Deed Of Trust
related
$2,600,000 · Southern First 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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