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Property profile & analytics
OFF-MARKET
Estimated value
$1,410,000
Office buildings
234 Main St Summerville, SC 29483-6416
Entity Owned
4-yr Hold
Free & Clear
Property ID
US77-1527959
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Total area
2,903 SF
Lot
0.92 ac (39,911 SF)
Zoning code
DMX_SV
APN
137-03-08-005
UPID
US77-1527959
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
-
Freddy J. Bowers / ERA Wilder Realty Inc. Real Estate Agency
-
Chakela Wade Real Estate Agency
-
Lynn Berrios, Movement Mortgage Loan Service Bank
-
First Capital Bank Bank Loan Service
-
Gwendolyn Wingo-Gosnell, ERA Wilder Realty Real Estate Agency
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.46M
CAP Approach
CAP
$945k
Comparable Approach
Comparable
$1.19M
Blend (final)
Blend
$1.41M
Owner & transaction history
First Capital Bank · 4 yrs held
First Capital Bank
since 2022
Last sale
$1.4M
5 recorded transactions
Zoning & alternative use
DMX_SV · Summerville, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$965,000
+26.0%
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
$1,600,000
ML approach
$1,455,000
CAP Approach
CAP Return
Estimation
6%
$1,025,000
6.5%
$945,000
7%
$880,000
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$965,000
Change: +26% · Conversion: Easy
Blend value · Realmo final
$1.41M
Range $1.27M – $1.55M · ±10% · vs last sale $1.40M (Apr 13 2022)
Last sale anchor
$1.40M
Apr 13 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
$486 / 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
$227
Tax year 2022
Assessed value
$84,284
Assessed 2023
Previous assessed
$84,284
+0.0% YoY
Effective rate
0.27%
On assessed value
Assessed land
$47,282
Assessed improvement
$37,002
Land market value
$788,040
Improvement market value
$616,702
Total market value
$1,404,742
Applied tax rate
207.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
Off-Market
Year built
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Total area
2,903 SF
Lot
0.92 ac (39,911 SF)
Zoning code
DMX_SV
APN
137-03-08-005
UPID
US77-1527959
Jurisdiction
DORCHESTER
Zoning & alternative use
DMX_SV · Summerville, SCZoning DMX_SV · permitted uses
DMX_SV · Summerville, SC
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
COMMERCIAL (GENERAL)
Est. value
$965,000
COMMERCIAL (GENERAL)
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
2008
Construction
MASONRY/CONCRETE MASONRY UNITS (CMUS)
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
0.92 ac
Current owner
From public records · entity-resolved
First Capital Bank
Entity
Free & Clear · 4 yrs held
Mailing address
304 MEETING ST, CHARLESTON, SC 29401-1544
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 13, 2022
$1,400,000
First Capital Bank
234 N Main St LLC
Foreclosure
related
—
Mar 4, 2021
—
234 N Main St LLC
Robert E Wilder JR
Deed
—
Jul 6, 2016
$920,000
Robert E Wilder JR
Muckenfuss Properties LLC
Grant Deed
$828,000 · Private Individual
Aug 22, 2013
—
Muckenfuss Properties LLC
Muckenfuss,farnell D
Quit Claim Deed
related
—
Dec 22, 2010
$535,000
Farnell D Muckenfuss
South Carolina FCU
Grant Deed
—
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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