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Property profile & analytics
OFF-MARKET
Estimated value
$880,000
Medical Office Space
298 Midland Pkwy Summerville, SC 29485-8101
Entity Owned
16-yr Hold
~
Est. High Equity
Property ID
US77-1173539
Property profile
Verified
Property type
Medical Office Space
Use group
MEDICAL BUILDING
Year built
2011
Construction
FRAME
Total area
4,317 SF
Lot
0.72 ac (31,363 SF)
Zoning code
NB_SV
APN
154-13-08-001
UPID
US77-1173539
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
-
T Oma Hester MD Physician
-
Mark D Ghegan MD Physician
-
Matthew D Scarlett MD Physician
-
Shaun N Scott MD Physician
-
Tracy S Harvey MD, FACS Physician
Value estimations
Realmo proprietary · 4 methods
AI Approach
AI
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
by Request
Blend (final)
Blend
$880k
Owner & transaction history
Midland Parkway Ventures LLC · 16 yrs held
Midland Parkway Ventures LLC
since 2010
5 recorded transactions
Zoning & alternative use
NB_SV · Summerville, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$1.4M
+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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
MEDICAL BUILDING
$1,215,000
Current use
COMMERCIAL (GENERAL)
$1,435,000
Change: +18% · Conversion: Easy
OFFICE BUILDING
$1,155,000
Change: -5% · Conversion: Easy
Blend value · Realmo final
$880k
Range $792k – $968k · ±10%
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
$204 / 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
$22,061
Tax year 2023
Assessed value
$51,804
Assessed 2023
Previous assessed
$51,804
+0.0% YoY
Effective rate
42.59%
On assessed value
Assessed land
$18,818
Assessed improvement
$32,986
Land market value
$313,632
Improvement market value
$549,768
Total market value
$863,400
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
NONE
Cooling
NONE
Stories
2
Total area
4,317 SF
Lot
0.72 ac (31,363 SF)
Zoning code
NB_SV
APN
154-13-08-001
UPID
US77-1173539
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
$1.2M
COMMERCIAL (GENERAL)
Est. value
$1.4M
OFFICE BUILDING
Est. value
$1.2M
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
NONE
Cooling
Yes
Stories
2
Lot
0.72 ac
Current owner
From public records · entity-resolved
Midland Parkway Ventures LLC
Entity
Mailing address
2295 HENRY TECKLENBURG DR, CHARLESTON, SC 29414-7801
Ownership since
2010
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
Sep 23, 2019
—
Charleston Ent-sv R & E LLC
—
Deed
related
$20,760,000 · First Citizens Bk
Oct 3, 2014
—
Charleston Ent-sv R & E LLC
—
Loan Modification
related
$1,220,416 · Pnc Bk
Jun 22, 2010
$446,966
Midland Parkway Ventures LLC
Blackard,robert F
Warranty Deed
—
Jun 22, 2010
$437,034
Charleston Ent-sv R & E LLC
Blackard,robert F
Warranty Deed
$1,750,000 · Rbc Bk (usa)
—
—
Charleston Ent-sv R & E LLC
—
Deed Of Trust
related
$20,760,000 · First Citizens Bk
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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