Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    Property profile & analytics

    23 Ehrhardt Dr Charleston, SC 29403

    • Office buildings
    • 0.19 lot acres
    OFF-MARKET
    Last Sale
    Feb 01, 2024
    $10,470,000
    Value Estimations
    $10,470,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-0753898
    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

    • Office buildings

    Property Details for 23 Ehrhardt Dr

    Lot size
    0.19 lot acres
    Property type
    Office buildings
    APN
    460-15-01-011
    APU
    4601501011

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $10,470,000
      ML approach
      $10,470,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Charleston
    County
    Charleston
    State
    South Carolina
    Longitude
    -79.9509
    Latitude
    32.7853
    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
    $0.00
    $0.00
    $0.00
    $0.00
    -
    $0.00
    $0.00
    $0.00

    Comparable in this City

    • Value Estimation by Request
      4,193 SF

      2 Race St

      OFFICE BUILDING • 4,193 SF
      2 Race St, Charleston, SC 29403-8600
      View Details
    • Value Estimation by Request
      2,016 SF

      92 Courtenay Dr

      OFFICE BUILDING • 2,016 SF
      92 Courtenay Dr, Charleston, SC 29403-5707
      View Details
    • Value Estimation by Request
      1.55 Acres

      19 Hagood Ave

      OFFICE BUILDING • 1.55 Acres
      19 Hagood Ave, Charleston, SC 29403-5107
      View Details
    • Value Estimation by Request
      0.52 Acres

      677 King St

      OFFICE BUILDING • 0.52 Acres
      677 King St, Charleston, SC 29403-4748
      View Details
    • Value Estimation by Request
      1,050 SF

      586 Bay St

      OFFICE BUILDING • 1,050 SF
      586 Bay St, Charleston, SC 29403-6346
      View Details
    • Value Estimation by Request
      2,860 SF

      465 Meeting St

      OFFICE BUILDING • 2,860 SF
      465 Meeting St, Charleston, SC 29403-4832
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      244,026 SF

      Historic Office Building with Harbor Views

      Unique office building with harbor and city skyline views.
      701 East Bay St, Charleston, SC 29403
      View Details
    • $1,400,000
      2,045 SF

      Charleston Office Building For Sale

      Office building in Charleston, SC, ideal for owner occupant.
      1166 King St, Charleston, SC 29403
      View Details
    • $3,500,000
      10,218 SF

      Meeting Street Turnkey Office Space

      Modern office building in downtown Charleston's Opportunity Zone.
      394 Meeting St, Charleston, SC 29403
      View Details
    • $1,095,000
      0.29 Acres

      King Street Development Opportunity

      Charleston Land: Prime Location, Mixed-Use Potential
      1337 King St, Charleston, SC 29403
      View Details
    • $2,490,000
      9,000 SF

      Historic Property on Meeting Street

      Freestanding historic property suitable for retail, restaurant, or office.
      575 Meeting St, Charleston, SC 29403
      View Details
    • $585,000
      1,204 SF

      Office Space Near Future Park

      Office space for sale, adjacent to future Lowline park.
      2097 Mount Pleasant St, Charleston, SC 29403
      View Details

    Similar Nearby for Lease

    • $1,400,000
      2,045 SF

      King Street Office Building

      Office building with excellent visibility and easy access.
      1166 King Street Ext, Charleston, SC 29403
      View Details
    • $23 SF/Yr
      2,631 SF

      King Street Executive Office Space

      Charleston A-Class Office, 2,000 SF Available
      579 King St, Charleston, SC 29403
      View Details
    • Contact for pricing
      3,337 SF

      Class A Office Space Available

      Class A office space for rent in Charleston, SC.
      1567 Meeting St, Charleston, SC 29403
      View Details
    • $29 SF/Yr
      1,650 SF

      Downtown Charleston Office Space

      Office space for rent in Charleston's growing Upper Peninsula.
      11 Isabella St, Charleston, SC 29403
      View Details
    • $49 SF/Yr
      3,851 SF

      Class A Office Space Available

      Up to 3,851 SF of fully up-fitted Class A office space.
      651 Meeting St, Charleston, SC 29403
      View Details
    • $34 SF/Yr
      3,620 SF

      King Street Office Space, Charleston SC

      Iconic King Street office, 3620 sq ft.
      496 King St, Charleston, SC 29403
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    23 Ehrhardt Dr
    Charleston, SC 29403
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.