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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    2237 Hwy 17 Mount Pleasant, SC 29466-6806

    • Commercial real estate
    • 2,530 SF
    • 3.20 lot acres
    OFF-MARKET
    Last Sale
    May 24, 2024
    Value Estimations
    $1,200,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-2369857
    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

    • Commercial real estate

    Property Details for 2237 Hwy 17

    Year built
    1970
    Lot size
    3.20 lot acres
    Property size
    2,530 SF
    Property type
    Commercial real estate
    APN
    558-00-00-927
    APU
    5580000927

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,198,000
      Market price range: $822k - $3.68M
      AI Estimate
      $1,198,000
      Market price range: $822k - $3.68M

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

    Location Insight

    • Map
    • Local Demand
    City
    Mount Pleasant
    County
    Charleston
    State
    South Carolina
    Longitude
    -79.8149
    Latitude
    32.8426
    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
    $6,055
    $0.00
    $0.00
    $24,360
    -
    $514,282
    $0.00
    $514,282

    Comparable in this City

    • Value Estimation by Request
      4,800 SF

      355 Faison Rd

      Retail properties • 4,800 SF
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    • Value Estimation
      $605,000
      903 SF

      3404 Salterbeck St Ste, Unit 203

      COMMERCIAL CONDOMINUIM • 903 SF
      3404 Salterbeck St Ste, Mount Pleasant, SC 29466-7119
      View Details
    • Value Estimation
      $720,000
      1,080 SF

      1031 Hwy 41st Ste, Unit 500

      COMMERCIAL CONDOMINUIM • 1,080 SF
      1031 Hwy 41st Ste, Mount Pleasant, SC 29466-9338
      View Details
    • Value Estimation
      $1,250,000
      2,195 SF

      1205 2nd Is Ct, Unit 201

      COMMERCIAL CONDOMINUIM • 2,195 SF
      1205 2nd Is Ct, Mount Pleasant, SC 29466-7406
      View Details
    • Value Estimation
      $8,435,000
      10,948 SF

      Brickside

      COMMERCIAL (GENERAL) • 10,948 SF
      Brickside, Mount Pleasant, SC 29466
      View Details
    • Value Estimation by Request
      1,209 SF

      2700 Brickyard Pkwy, Unit 13

      COMMERCIAL CONDOMINUIM • 1,209 SF
      2700 Brickyard Pkwy, Mount Pleasant, SC 29466
      View Details

    Similar Nearby for Sale

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      Mount Pleasant Commercial Land Opportunity

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      Highway 17 N Commercial Land

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    • $1,510,500

      Pad-Ready Outparcel Near Lowes Foods

      1.59-acre pad-ready outparcel in high-traffic, high-income area.
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    • Contact for pricing

      Prime Land in Mount Pleasant

      Commercial land available for ground lease or build-to-suit.
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    • New
      $297,000
      0.37 Acres

      Cleared Lot in Mount Pleasant

      Cleared 0.37 acre lot with no HOA fees.
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      View Details

    Similar Nearby for Lease

    • $28 SF/Yr
      16,000 SF

      Mixed-Use Development on Highway 41

      Multi-building development ideal for retail and office space.
      1031 Highway 41, Mount Pleasant, SC 29466
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    • $40 SF/Yr
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      Prime Mt. Pleasant Retail Space

      4,800 SF Retail Space - Available Now
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    • $38 SF/Yr
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      Mount Pleasant Executive Office Suites

      Prime Office Space, Charleston County
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    • $32 SF/Yr
      1,772 SF

      Retail Space in Mount Pleasant

      Retail space available in open-air shopping center anchored by Kohl’s.
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    • $28 SF/Yr
      6,625 SF

      Park West Blvd Office Space

      Class A Office, 3,159 SF Available
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    • $23 SF/Yr
      11,576 SF

      Mt. Pleasant Executive Office Suites

      Prestigious Charleston Office Space, Flexible Options
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      View Details
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    2237 Hwy 17
    Mount Pleasant, SC 29466-6806
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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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