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    Property profile & analytics

    402 Altman St Moncks Corner, SC 29461-3652

    • Medical offices
    • 1,456 SF
    OFF-MARKET
    Last Sale
    Jun 29, 2023
    Value Estimations
    $195,000
    Show details
    Cap Rate Potential
    9.8%
    Medical offices
    Location Intelligence
    Property ID
    US77-1096777
    The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.

    Current Use by Public Records

    • Berkeley Chiropractic Center / Chiropractor
    • Robert K. Haselden Sr, DC / Chiropractor

    Property Details for 402 Altman St

    Property size
    1,456 SF
    Zone code
    MONCKS CORNER - C-1
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    142-11-01-005
    APU
    1421101005

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      ML approach
      $190,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $315,000
      6.5%
      $290,000
      7%
      $270,000

    • Comparable approach

      Method
      Estimation
      AI Estimate
      $139,000
      Market price range: $88.2k - $269k

    Get a detailed, property-specific valuation — fast and free

    Location Insight

    • Map
    • Local Demand
    City
    Moncks Corner
    County
    Berkeley
    State
    South Carolina
    Longitude
    -80.0048
    Latitude
    33.1904
    CBSA code
    16700
    CBSA name
    CHARLESTON-NORTH CHARLESTON, SC METROPOLITAN STATISTICAL AREA

    Property Tax & Assessments

    Tax date
    Tax Amount
    Assessed Land Value
    Assessed Improvement Value
    Total Assessed Value
    Applied Tax Rate
    Land Market Value
    Improvement Market Value
    Total Market Value
    2022
    $3,456
    $3,048
    $7,206
    $10,254
    -
    $50,800
    $120,100
    $170,900

    Comparable in this City

    • Value Estimation
      $395,000
      7,700 SF

      112 Mccormick Cir

      MEDICAL BUILDING • 7,700 SF
      112 Mccormick Cir, Moncks Corner, SC 29461-3152
      View Details
    • Value Estimation
      $290,000
      16,605 SF

      2061 Hwy 52

      MEDICAL BUILDING • 16,605 SF
      2061 Hwy 52, Moncks Corner, SC 29461-5017
      View Details
    • Value Estimation
      $245,000
      1,800 SF

      223 1st St

      MEDICAL BUILDING • 1,800 SF
      223 1st St, Moncks Corner, SC 29461-3726
      View Details
    • Value Estimation
      $210,000
      1,920 SF

      421 Barony St Ste, Unit 1

      MEDICAL BUILDING • 1,920 SF
      421 Barony St Ste, Moncks Corner, SC 29461-3145
      View Details
    • Value Estimation
      $915,000
      5,000 SF

      5000 Epson Plantation Dr Ste A

      MEDICAL BUILDING • 5,000 SF
      5000 Epson Plantation Dr Ste A, Moncks Corner, SC 29461-3979
      View Details
    • Value Estimation
      $310,000
      5,478 SF

      115 Executive Park Way

      MEDICAL BUILDING • 5,478 SF
      115 Executive Park Way, Moncks Corner, SC 29461-3955
      View Details

    Similar Nearby for Sale

    • $750,000
      3,306 SF

      Downtown Moncks Corner Office Building

      3,306 SF office building in thriving downtown Moncks Corner.
      216 E Main St, Moncks Corner, SC 29461
      View Details
    • $79,400

      Prime Commercial Land in Moncks Corner, SC

      Level lot, ready for development.
      3 Hard Pinch Rd, Moncks Corner, SC 29461
      View Details
    • $80,000

      Commercial Land: Moncks Corner, SC

      Prime Commercial Land - $80,000
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    • $100,000

      Residential Lot in Cypress Grove

      Cleared lot ready for building in a vibrant community.
      100 Weeping Cypress Dr, Moncks Corner, SC 29461
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    • $1,600,000

      28 Acres Entitled Land

      28 acres entitled for 9 lots in Moncks Corner.
      Lazy Hill Rd, Moncks Corner, SC 29461
      View Details
    • $499,000

      Commercial Land Near Pruitt Health

      Commercial land for sale across from Pruitt Health Center.
      S Live Oak Dr, Moncks Corner, SC 29461
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    Similar Nearby for Lease

    • Contact for pricing
      7,490 SF

      Moncks Corner Medical Office Sublease

      Class A medical office building for sublease in Moncks Corner.
      422 Drive In Ln, Moncks Corner, SC 29461
      View Details
    • $32 SF/Yr
      8,000 SF

      Medical Office Space Available

      8,000 SF medical office space for lease.
      3508 S Live Oak Dr, Moncks Corner, SC 29461
      View Details
    • $18 SF/Yr
      9,450 SF

      Moncks Corner Executive Office Space

      Prime Retail/Office Space Available Now
      412 Drive In Ln, Moncks Corner, SC 29461
      View Details
    • $16 SF/Yr
      1,000 SF

      Moncks Corner Downtown Office Space

      Prominent building in downtown Moncks Corner with flexible zoning.
      337 E Main St, Moncks Corner, SC 29461
      View Details
    • $30 SF/Yr
      11,000 SF

      Foxbank Retail Center, SC

      Prime Retail Space, Moncks Corner, SC
      0 Foxbank Plantation Blvd, Moncks Corner, SC 29461
      View Details
    • $14 SF/Yr
      10,960 SF

      Moncks Corner Flex Warehouse Space

      10,960 SF Flex Space, Hwy 52
      2700 Us-52, Moncks Corner, SC 29461
      View Details
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    402 Altman St
    Moncks Corner, SC 29461-3652
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    Realmo Value Estimations

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.
    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.
    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Realmo CapRate Calculation

    Realmo calculates the Capitalization Rate (Cap Rate) to help estimate a property's potential return on investment. The Cap Rate is a fundamental metric in commercial real estate that measures the relationship between a property's net operating income and its market value.

    How We Calculate Cap Rate

    Cap Rate Formula:
    Cap Rate (%) = (Net Operating Income / Property Value) × 100

    Net Operating Income (NOI) Formula:
    NOI = Area × Lease Rate × (1 - Vacancy Rate) × (1 - Operating Expense Ratio)

    Components

    Net Operating Income (NOI) represents the annual income a property generates after operating expenses:

    • Area: Building square footage from property records
    • Lease Rate: Annual $/sqft based on market data for the property type and geographic location
    • Vacancy Rate: Percentage of unoccupied space based on market data for the property type and location
    • Operating Expense Ratio: Operating costs as a percentage of income, varies by property type

    Property Value is derived from:

    • Recent sale price (if available)
    • Statistical models using comparable sales
    • AI-powered valuation estimates

    Example Calculation

    For a 100,000 sqft Office Building:

    • Lease Rate: $25.00/sqft/year (market data for Office in this area)
    • Vacancy Rate: 8% (market data for Office in this area)
    • Operating Expense Ratio: 35% (typical for Office properties)
    • Property Value: $15,000,000

    Step 1: Calculate NOI

    NOI = 100,000 × $25.00 × (1 - 0.08) × (1 - 0.35)
    NOI = 100,000 × $25.00 × 0.92 × 0.65
    NOI = $1,495,000/year

    Step 2: Calculate Cap Rate

    Cap Rate = ($1,495,000 / $15,000,000) × 100
    Cap Rate = 9.97%

    Property Type Considerations

    Net Operating Income calculations vary by property type due to different operating expense ratios:

    • Office: Higher expenses (30-40%) for HVAC, utilities, maintenance
    • Retail: Moderate expenses (25-35%) for common area maintenance
    • Industrial/Warehouse: Lower expenses (15-25%) for minimal tenant services
    • Multifamily: Moderate expenses (35-45%) including property management
    • Self-Storage: Lower expenses (25-35%) due to minimal maintenance

    Market lease rates and vacancy rates are specific to each property type and geographic location, reflecting local market conditions.

    Disclaimer

    These calculations are estimates for informational purposes only and should not be used as a substitute for professional financial analysis or appraisal.

    • Cap Rate calculations depend on market data that may change over time
    • Actual operating expenses, lease rates, and vacancy rates may differ from market averages
    • Individual property conditions, lease terms, and tenant quality significantly impact actual NOI
    • Property value estimates are approximations and not official appraisals
    • Cap rates vary widely by market, property condition, and investment risk profile

    Professional Guidance Recommended: Before making any investment or financial decisions, consult with licensed appraisers, commercial real estate brokers, and financial advisors who can evaluate your specific property and circumstances.
    By using this feature, you acknowledge that Realmo is not responsible for investment decisions or actions taken based on these estimates.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Stat Estimate

    This method estimates value based on actual market adjusted recent (~5 years) sales of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all similar sales ($/sqft) are above this value
    • Range-to: 75% of all similar sales ($/sqft) are below this value
    AI Estimate

    This method estimates value based on AI market estimation of comparable properties around by location and property type.

    • Ranges - area data calculated by industry standard IQR Outlier Removal Method
    • Range-from: 75% of all estimations ($/sqft) are above this value
    • Range-to: 75% of all estimations ($/sqft) are below this value
    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
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