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Property profile & analytics
OFF-MARKET
Estimated value
$22,780,000
Office buildings
2401 Mall Dr North Charleston, SC 29406-6516
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US77-0065745
Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
2004
Total area
68,655 SF
Lot
9.48 ac (412,949 SF)
APN
472-15-00-013
UPID
US77-0065745
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
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
$15.82M
Comparable Approach
Comparable
$26.06M
Blend (final)
Blend
$22.78M
Owner & transaction history
Roper Hospital INC · 4 yrs held
Roper Hospital INC
since 2022
Last sale
$22.0M
7 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 North Charleston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North 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
$24,525,000
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
$17,130,000
6.5%
$15,815,000
7%
$14,685,000
Alternative Use
Use
Estimation
OFFICE BUILDING
$26,055,000
Current use
Blend value · Realmo final
$22.78M
Range $20.50M – $25.06M · ±10% · vs last sale $22.00M (Apr 29 2022)
Last sale anchor
$22.00M
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
$332 / 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
$5,838
Tax year 2023
Previous assessed
$1,024,000
Land market value
$8,000,000
Improvement market value
$14,000,000
Total market value
$22,000,000
Applied tax rate
4.0000
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
2004
Heating
FORCED AIR
Cooling
YES
Stories
2
Total area
68,655 SF
Lot
9.48 ac (412,949 SF)
APN
472-15-00-013
UPID
US77-0065745
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
OFFICE BUILDING Current
Est. value
$26.1M
OFFICE BUILDING 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
2004
Heating
FORCED AIR
Cooling
Yes
Stories
2
Lot
9.48 ac
Current owner
From public records · entity-resolved
Roper Hospital INC
Entity
Mailing address
125 DOUGHTY ST STE #760, CHARLESTON, SC 29403-5785
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
9 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Apr 29, 2022
$22,000,000
Roper Hospital INC
2401 Mall Drive LLC
Special Warranty Deed
—
Apr 29, 2022
—
Roper Hospital INC
2401 Mall Drive LLC
Quit Claim Deed
related
—
Jul 24, 2009
—
Charles Towne Square LLC
2401 Mall Drive LLC
Grant Deed
related
—
Nov 2, 2004
—
2401 Mall Drive LLC
—
Deed Of Trust
related
$6,000,000 · National Bank South Carolina
Aug 20, 2004
$800,000
2401 Mall Drive LLC
Charles Towne Square LLC
Grant Deed
—
Feb 14, 2002
—
2401 Mall Drive LLC
—
Grant Deed
related
—
—
—
2401 Mall Drive LLC
—
Deed Of Trust
related
$15,100,000 · Td Bk NA
—
—
2401 Mall Drive LLC
—
Deed Of Trust
related
$3,000,000 · National Bank South Carolina
—
—
2401 Mall Drive LLC
—
Deed Of Trust
related
$14,600,000 · J P Morgan Chase Bank
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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