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Property profile & analytics
OFF-MARKET
Estimated value
$1,385,000
Manufacturing properties
216 Industrial Rd Summerville, SC 29483-3414
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US77-2287909
Property profile
Verified
Property type
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Year built
2021
Construction
METAL FRAME
Total area
15,146 SF
Lot
2.1 ac (91,476 SF)
Zoning code
CLI_DC
APN
129-00-00-033
UPID
US77-2287909
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
-
Herc Rentals (Bike/Boat/Book/etc) Store Rental Equipment Company
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.26M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.56M
Blend (final)
Blend
$1.39M
Owner & transaction history
P R Properties Of Summerville LLC · 4 yrs held
P R Properties Of Summerville LLC
since 2022
Last sale
$1.4M
5 recorded transactions
Zoning & alternative use
CLI_DC · Summerville, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Warehouse, storage
$1.9M
+27.5%
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
$1,310,000
ML approach
$1,255,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
INDUSTRIAL (GENERAL)
$1,450,000
Current use
WAREHOUSE, STORAGE
$1,850,000
Change: +27% · Conversion: Easy
Blend value · Realmo final
$1.39M
Range $1.25M – $1.52M · ±10% · vs last sale $1.40M (Apr 29 2022)
Last sale anchor
$1.40M
Apr 29 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
$91 / 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
$159
Tax year 2022
Assessed value
$60,590
Assessed 2023
Previous assessed
$60,590
+0.0% YoY
Effective rate
0.26%
On assessed value
Assessed land
$10,977
Assessed improvement
$49,613
Land market value
$182,952
Improvement market value
$826,878
Total market value
$1,009,830
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
Manufacturing properties
Use group
MANUFACTURING (LIGHT)
Status
Off-Market
Year built
2021
Construction
METAL FRAME
Heating
HEAT PUMP
Cooling
NONE
Stories
1
Total area
15,146 SF
Lot
2.1 ac (91,476 SF)
Zoning code
CLI_DC
APN
129-00-00-033
UPID
US77-2287909
Jurisdiction
DORCHESTER
Zoning & alternative use
CLI_DC · Summerville, SC
Zoning CLI_DC · permitted uses
CLI_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
INDUSTRIAL (GENERAL) Current
Est. value
$1.5M
WAREHOUSE, STORAGE
Est. value
$1.9M
INDUSTRIAL (GENERAL) Current
WAREHOUSE, STORAGE
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
2021
Construction
METAL FRAME
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
2.1 ac
Current owner
From public records · entity-resolved
P R Properties Of Summerville LLC
Entity
Mailing address
9209 UNIVERSITY BLVD, NORTH CHARLESTON, SC 29406-9122
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
5 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2022
$1,400,000
P R Properties Of Summerville LLC
Cash Construction Of Sc INC
Deed
$1,050,000 · Cogent Bank
Jul 13, 2021
—
Cash Construction Of Sc INC
—
Deed
related
$749,877 · United Community Bank
Jun 18, 2018
—
Cash Construction Of Sc INC
—
Deed
related
$625,000 · United Cmnty Bk
Jan 18, 2018
$425,000
Cash Constructon Of Sc INC
Sullivan,mary A
Grant Deed
—
—
—
Cash Construction Of Sc INC
—
Deed Of Trust
related
$625,000 · United Cmnty Bk
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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