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Property profile & analytics
OFF-MARKET
Estimated value
$1,615,000
Medical Office Space
296 Midland Pkwy Summerville, SC 29485-8101
Entity Owned
5-yr Hold
~
Est. High Equity
Property ID
US77-1170103
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2011
Construction
FRAME
Total area
4,733 SF
Lot
0.79 ac (34,412 SF)
Zoning code
NB_SV
APN
154-13-08-002
UPID
US77-1170103
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
-
Carolina Eyecare Physicians - Summerville Physician
-
Kerry Solomon, MD Ophthalmologist
-
Robert G Reuther, M.D. at Carolina Eyecare Physicians Ophthalmologist
-
Carolina Eyecare Physicians: Crystal G. Whittington, O.D. Physician
-
Francisco Folgar Ophthalmologist
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
$1.53M
CAP Approach
CAP
$1.44M
Comparable Approach
Comparable
$1.56M
Blend (final)
Blend
$1.62M
Owner & transaction history
Charleston Ent Real Estate Holdings · 5 yrs held
Charleston Ent Real Estate Holdings
since 2021
Last sale
$1.7M
6 recorded transactions
Zoning & alternative use
NB_SV · Summerville, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.6M
+18.2%
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
$1,715,000
ML approach
$1,525,000
CAP Approach
CAP Return
Estimation
6%
$1,555,000
6.5%
$1,435,000
7%
$1,335,000
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,330,000
Current use
COMMERCIAL (GENERAL)
$1,570,000
Change: +18% · Conversion: Easy
OFFICE BUILDING
$1,265,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$1.62M
Range $1.45M – $1.78M · ±10% · vs last sale $1.73M (Mar 17 2021)
Last sale anchor
$1.73M
Mar 17 2021
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
$341 / 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
$43,044
Tax year 2023
Assessed value
$103,560
Assessed 2023
Previous assessed
$103,560
+0.0% YoY
Effective rate
41.56%
On assessed value
Assessed land
$21,330
Assessed improvement
$82,230
Land market value
$355,500
Improvement market value
$1,370,500
Total market value
$1,726,000
Applied tax rate
271.0000
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
Medical Office Space
Use group
MEDICAL BUILDING
Status
Off-Market
Year built
2011
Construction
FRAME
Heating
CENTRAL
Cooling
CENTRAL
Stories
1
Total area
4,733 SF
Lot
0.79 ac (34,412 SF)
Zoning code
NB_SV
APN
154-13-08-002
UPID
US77-1170103
Jurisdiction
DORCHESTER
Zoning & alternative use
NB_SV · Summerville, SC
Zoning NB_SV · permitted uses
NB_SV · 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
MEDICAL BUILDING Current
Est. value
$1.3M
COMMERCIAL (GENERAL)
Est. value
$1.6M
OFFICE BUILDING
Est. value
$1.3M
MEDICAL BUILDING Current
COMMERCIAL (GENERAL)
OFFICE BUILDING
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
2011
Construction
FRAME
Heating
CENTRAL
Cooling
Yes
Stories
1
Lot
0.79 ac
Current owner
From public records · entity-resolved
Charleston Ent Real Estate Holdings
Entity
Mailing address
2295 HENRY TECKLENBURG DR, CHARLESTON, SC 29414-7801
Ownership since
2021
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
6 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Mar 17, 2021
$1,730,983
Charleston Ent Real Estate Holdings
Midland Parkway Ventures LLC
Special Warranty Deed
$1,730,983 · First Citizens Bank & Trust Co
Nov 15, 2016
—
Midland Parkway Ventures LLC
—
Deed
related
$1,240,000 · Bank Of Nc
Jan 23, 2015
—
Midland Parkway Ventures LLC
—
Grant Deed
related
$1,140,000 · Bank Of Nc
Jun 22, 2010
$446,966
Midland Parkway Ventures LLC
Blackard,robert F
Warranty Deed
—
—
—
Midland Parkway Ventures LLC
—
Deed Of Trust
related
$130,000 · Pnc Bk/nj
—
—
Midland Parkway Ventures LLC
—
Deed Of Trust
related
$1,240,000 · Bank Of Nc
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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