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Property profile & analytics
FOR LEASE
Turn key restaurants
221 Spring St Charleston, SC 29403
Entity Owned
3-yr Hold
Absentee Owner
~
Est. High Equity
Property ID
US77-1214484
For Lease
$50 SF/Yr
221 Spring St, Charleston, SC 29403
View Listing →
Property summary
AI-generated overview
This thriving Charleston restaurant, currently operating as Gogibop/Poke Bros, presents a unique investment opportunity. Located on the Charleston Crosstown with over 50,000 vehicles passing daily, this high-visibility location boasts approximately 1,952 square feet of recently remodeled space. The property includes a full infrastructure, featuring a high-quality finish throughout, a functional exhaust hood, a walk-in cooler, and a substantial 1,000-gallon grease trap. Upgraded ADA-compliant restrooms and a convenient drive-thru further enhance its operational capabilities. The space is well-suited for breakfast, lunch, and dinner service. Thirteen parking spaces are available for customer convenience. The asking price of $249,000 includes fixtures, furniture, and equipment (FF&E) and the assignment of the existing lease. This turnkey operation in Charleston County is ready for a new owner to step in and continue its success. The property's prime location and comprehensive amenities make it an exceptional investment prospect. This is a single-tenant property.
Property profile
Verified
Property type
Turn key restaurants
Use group
RESTAURANT
Year built
1988
Total area
1,952 SF
Lot
0.27 ac (11,761 SF)
APN
460-10-04-011
UPID
US77-1214484
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
-
Gogibop Fusion Grill Restaurant
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$947k
Blend (final)
Blend
$735k
Owner & transaction history
Jem Management Company · 3 yrs held
Jem Management Company
since 2022
2 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Charleston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Charleston 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%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$1,115,000
Current use
Blend value · Realmo final
$735k
Range $662k – $809k · ±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
$377 / 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
$16,917
Tax year 2023
Assessed value
$49,460
Assessed 2023
Previous assessed
$49,460
+0.0% YoY
Effective rate
34.20%
On assessed value
Land market value
$991,800
Improvement market value
$200
Total market value
$992,000
Applied tax rate
7.0000
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
Turn key restaurants
Use group
RESTAURANT
Status
For Lease
Year built
1988
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Total area
1,952 SF
Lot
0.27 ac (11,761 SF)
APN
460-10-04-011
UPID
US77-1214484
Jurisdiction
CHARLESTON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT Current
Est. value
$1.1M
RESTAURANT Current
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
1988
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
0.27 ac
Current owner
From public records · entity-resolved
Jem Management Company
Entity
Mailing address
186 7TH FARMS DR STE FSTEF, DANIEL ISLAND, SC 29492-8510
Mailing matches property
Different — outreach signal
Owner-occupied
No
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
2 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 14, 2022
—
Jem Management Company
—
Deed
related
$1,900,000 · Southern First Bank NA
—
—
Jem Management Co
—
Deed Of Trust
related
$414,000 · Standard Insurance Co
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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