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Property profile & analytics
OFF-MARKET
Estimated value
$4,335,000
Super regional malls
2509 Main St A Summerville, SC 29486-8151
Entity Owned
4-yr Hold
~
Est. High Equity
Property ID
US77-1950257
Property profile
Verified
Property type
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Year built
2021
Total area
8,113 SF
Lot
1.06 ac (46,174 SF)
Zoning code
GOOSE CREEK - PD
APN
222-00-00-206
UPID
US77-1950257
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
-
Fleet Feet Carnes Crossroads Clothing & Fashion Store
-
Jersey Mike's Subs Take-out & Catering
-
Sunshine Spirits (Bike/Boat/Book/etc) Store Wine and Liquor Store
-
(Sunshine Bliss)AB Spirit (Bike/Boat/Book/etc) Store Wine and Liquor Store
-
Mercer Hair Studio Inc Hair Salon Nail Salon
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$4.31M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$4.00M
Blend (final)
Blend
$4.34M
Owner & transaction history
Lmr II Market Square Cc LLC · 4 yrs held
Lmr II Market Square Cc LLC
since 2022
Last sale
$4.6M
2 recorded transactions
Zoning & alternative use
GOOSE CREEK - PD · Summerville, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Restaurant
$3.1M
+33.7%
Commercial (general)
$2.7M
+17.0%
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
$4,265,000
ML approach
$4,305,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
RESTAURANT
$3,080,000
Change: +34% · Conversion: Difficult
COMMERCIAL (GENERAL)
$2,695,000
Change: +17% · Conversion: Easy
Blend value · Realmo final
$4.34M
Range $3.90M – $4.77M · ±10% · vs last sale $4.55M (Jun 23 2022)
Last sale anchor
$4.55M
Jun 23 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
$534 / 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
$62,175
Tax year 2022
Assessed value
$278,322
Assessed 2022
Previous assessed
$24,330
+1,043.9% YoY
Effective rate
22.34%
On assessed value
Assessed land
$31,080
Assessed improvement
$247,242
Land market value
$518,000
Improvement market value
$4,120,700
Total market value
$4,638,700
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
Super regional malls
Use group
REGIONAL SHOPPING CENTER, MALL
Status
Off-Market
Year built
2021
Heating
NONE
Buildings
2
Total area
8,113 SF
Lot
1.06 ac (46,174 SF)
Zoning code
GOOSE CREEK - PD
APN
222-00-00-206
UPID
US77-1950257
Jurisdiction
BERKELEY
Zoning & alternative use
GOOSE CREEK - PD · Summerville, SC
Zoning GOOSE CREEK - PD · permitted uses
GOOSE CREEK - PD · Summerville, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Summerville. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
RESTAURANT
Est. value
$3.1M
COMMERCIAL (GENERAL)
Est. value
$2.7M
RESTAURANT
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
2021
Heating
NONE
Buildings
2
Lot
1.06 ac
Current owner
From public records · entity-resolved
Lmr II Market Square Cc LLC
Entity
Mailing address
212 E 3RD ST STE #200, CINCINNATI, OH 45202-5500
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
Jun 23, 2022
$4,550,000
Lmr II Market Square Cc LLC
Uca Syndicate Carries Crossroads Ll
Limited Warranty Deed
$3,100,000 · Ameris Bank
Jun 1, 2020
$530,000
Uca Syndicate Carnes Crosroads LLC
Carnes Crossroads Associates LLC
Deed
$2,632,500 · Synovus 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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