Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    440 Coleman Blvd Mount Pleasant, SC 29464
    Back to Search
    Property profile & analytics

    440 Coleman Blvd, Mount Pleasant, SC 29464

    View on Map
    • Turn key restaurants
    • 1,448 SF
    • 0.44 lot acres
    Off-Market
    Property ID
    US77-3100487
    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.
    Value Estimations
    $1,020,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Topsail Restaurant / Restaurant

    Property Details for 440 Coleman Blvd

    Year built
    1970
    Lot size
    0.44 lot acres
    Property type
    Turn key restaurants
    APN
    517-07-00-024
    APU
    5170700024

    Description

    This 1,500-square-foot restaurant in Mount Pleasant, South Carolina, presents a fantastic opportunity. Located at 440 W Coleman Blvd, in Charleston County, zip code 29464, this single-tenant property boasts a full-service setup, including a commercial hood system, a substantial 1000-gallon grease trap, and a large walk-in cooler. The restaurant comfortably seats approximately 60 diners indoors, with an additional 50+ seats available on a spacious outdoor patio. A significant portion of this patio is covered and climate-controlled, enhancing year-round usability. The property enjoys a desirable location surrounded by affluent residential areas, ensuring a strong customer base. The current monthly rent is approximately $7,500. This turnkey operation is available for purchase with an asking price of $250,000 in key money, assuming the existing lease agreement. The opportunity exists to continue the current concept or implement a new one.

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,020,000
      Market price range: $678k - $2.14M
      AI Estimate
      $1,020,000
      Market price range: $678k - $2.14M

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

    Location Insight

    • Map
    • Local Demand
    City
    Mount Pleasant
    County
    Charleston
    State
    South Carolina
    Longitude
    -79.8837
    Latitude
    32.7958
    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
    2023
    $9,629
    $0.00
    $0.00
    $37,680
    -
    $870,750
    $33,250
    $904,000

    Comparable in this City

    • Value Estimation
      $1,670,000
      3,477 SF

      819 Coleman Blvd

      RESTAURANT
      819 Coleman Blvd, Mount Pleasant, SC 29464-4021
      View Details
    • Value Estimation
      $10,000,000
      3,231 SF

      97 Ml St

      RESTAURANT
      97 Ml St, Mount Pleasant, SC 29464
      View Details
    • Value Estimation
      $2,135,000
      3,176 SF

      414 Coleman Blvd

      RESTAURANT
      414 Coleman Blvd, Mount Pleasant, SC 29464
      View Details
    • Value Estimation
      $3,550,000
      5,140 SF

      1787 Hwy 17

      RESTAURANT
      1787 Hwy 17, Mount Pleasant, SC 29464-3334
      View Details
    • Value Estimation
      $3,340,000
      3,976 SF

      1533 Hwy 17

      RESTAURANT
      1533 Hwy 17, Mount Pleasant, SC 29464-3766
      View Details
    • Value Estimation
      $2,055,000
      2,915 SF

      900 Houston Northcutt Blvd

      RESTAURANT
      900 Houston Northcutt Blvd, Mount Pleasant, SC 29464-3770
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      5,727 SF

      Mount Pleasant Retail Building For Sale

      Large, standalone retail building in desirable Mount Pleasant location.
      341 Johnnie Dodds Blvd, Mount Pleasant, SC 29464
      View Details
    • Contact for pricing
      45,145 SF

      5.43 Acres Prime Location

      Redevelopment opportunity in Mount Pleasant with income potential.
      1119 Johnnie Dodds Blvd, Mount Pleasant, SC 29464
      View Details
    • $1,800,000

      Leased Flex Warehouse Investment

      Fully leased flex warehouse in Mt. Pleasant with long-term tenant.
      1235 Ben Sawyer Blvd, Mount Pleasant, SC 29464
      View Details
    • Contact for pricing
      7,130 SF

      Dual-Tenant Retail Investment Opportunity

      Net-leased investment with Starbucks and National Tire & Battery.
      1824 Highway 17 N, Mount Pleasant, SC 29464
      View Details
    • $1,295,000
      2,924 SF

      Redevelopment Opportunity in Mount Pleasant

      Redevelopment site with high traffic and nearby amenities.
      1514 Highway 17 North, Mount Pleasant, SC 29464
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      2,470 SF

      Retail Space in Towne Centre

      Retail space available in a mixed-use shopping center.
      1305 Theatre Dr, Mount Pleasant, SC 29464
      View Details
    • Contact for pricing
      4,480 SF

      Mixed-Use Destination in Mount Pleasant

      Mixed-use destination with shops, restaurants, and entertainment options.
      1740 Towne Centre Way, Mount Pleasant, SC 29464
      View Details
    • Contact for pricing

      Move-in Ready Office/Retail Space

      Office or retail space with on-site parking on Shem Creek.
      103 Church St, Charleston, SC 29464
      View Details
    • Contact for pricing
      3,434 SF

      Retail Center in Mount Pleasant

      Well-located retail center with ample parking and strong demographics.
      1907 Highway 17 N, Mount Pleasant, SC 29464
      View Details
    • Contact for pricing
      2,189 SF

      Retail Space Near Towne Centre

      Retail space with easy access and high traffic count.
      1903 Highway 17 N, Mount Pleasant, SC 29464
      View Details
    Request Owner's contact information
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    440 Coleman Blvd
    Mount Pleasant, SC 29464
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    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
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Thank You

    You are Unsubscribed From Notifications

    Thank You for Inquiry
    440 Coleman Blvd, Mount Pleasant, SC, 29464
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!