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Property profile & analytics
OFF-MARKET
Estimated value
$62,000,000
Commercial real estate
301 Newbrook Dr 1207 Charleston, SC 29492-7113
Individually Owned
2-yr Hold
Property ID
US77-2858359
Property profile
Verified
Property type
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Year built
2021
Total area
83,897 SF
Lot
20.98 ac (913,889 SF)
Zoning code
CHARLESTON - PUD
APN
262-00-00-052
UPID
US77-2858359
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
$62.00M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$64.09M
Blend (final)
Blend
$62.00M
Owner & transaction history
Crp Arep Newbrook Point Hope Owner · 2 yrs held
Crp Arep Newbrook Point Hope Owner
since 2024
Last sale
$62.0M
4 recorded transactions
Zoning & alternative use
CHARLESTON - PUD · Charleston, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Apartment house (5+ units)
$92.3M
+165.7%
Restaurant
$47.8M
+37.8%
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 Charleston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs 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
$62,000,000
ML approach
$62,000,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
APARTMENT HOUSE (5+ UNITS)
$92,260,000
Change: +166% · Conversion: Moderate
RESTAURANT
$47,830,000
Change: +38% · Conversion: Difficult
Blend value · Realmo final
$62.00M
Range $55.80M – $68.20M · ±10% · vs last sale $62.00M (May 8 2024)
Last sale anchor
$62.00M
May 8 2024
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
$739 / 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
$1,004,203
Tax year 2023
Assessed value
$3,075,216
Assessed 2023
Previous assessed
$3,075,222
0.0% YoY
Effective rate
32.65%
On assessed value
Assessed land
$299,130
Assessed improvement
$2,776,086
Land market value
$5,904,700
Improvement market value
$54,798,000
Total market value
$60,702,700
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
Commercial real estate
Use group
COMMERCIAL (GENERAL)
Status
Off-Market
Year built
2021
Buildings
7
Total area
83,897 SF
Lot
20.98 ac (913,889 SF)
Zoning code
CHARLESTON - PUD
APN
262-00-00-052
UPID
US77-2858359
Jurisdiction
BERKELEY
Zoning & alternative use
CHARLESTON - PUD · Charleston, SC
Zoning CHARLESTON - PUD · permitted uses
CHARLESTON - PUD · Charleston, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Charleston. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
APARTMENT HOUSE (5+ UNITS)
Est. value
$92.3M
RESTAURANT
Est. value
$47.8M
APARTMENT HOUSE (5+ UNITS)
RESTAURANT
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
Buildings
7
Lot
20.98 ac
Current owner
From public records · entity-resolved
Crp Arep Newbrook Point Hope Owner
Individual
Mailing address
1001 PENNSYLVANIA AVE NW, WASHINGTON, DC 20004-2505
Ownership since
2024
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
May 8, 2024
—
Crp Arep Newbrook Point Hope Owner
Arep Newbrook Owner LLC
Quit Claim Deed
related
—
May 8, 2024
$62,000,000
Crp Arep Newbrook Point Hope Owner
Arep Newbrook Owner LLC
Limited Warranty Deed
related
$45,000,000 · Glof I Reit LLC
Jan 2, 2024
$62,000,000
Arep Newbrook Owner LLC
Cainhoy Residential LLC
Deed
—
Jan 2, 2024
—
Arep Newbrook Owner LLC
Cainhoy Residential LLC
Quit Claim Deed
related
—
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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