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Property profile & analytics
FOR LEASE
Office buildings
4995 Lacross Rd 1350 North Charleston, SC 29406
Entity Owned
16-yr Hold
Free & Clear
Property ID
US77-0287021
For Lease
1 / 12
$10,130,000
4995 Lacross Rd,Unit 1350, North Charleston, SC 29406
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Property profile
Verified
Property type
Office buildings
Use group
OFFICE BUILDING
Year built
1984
Total area
46,000 SF
Lot
3.49 ac (152,024 SF)
APN
472-00-00-005
UPID
US77-0287021
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$11.63M
Blend (final)
Blend
$10.13M
Owner & transaction history
Phoenix Lending LLC · 16 yrs held
Phoenix Lending LLC
since 2010
7 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 North Charleston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North 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
by Request
ML approach
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Blend value · Realmo final
$10.13M
Range $9.12M – $11.14M · ±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
$220 / 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
$101,755
Tax year 2023
Assessed value
$339,230
Assessed 2023
Previous assessed
$339,230
+0.0% YoY
Effective rate
30.00%
On assessed value
Land market value
$1,293,728
Improvement market value
$5,583,272
Total market value
$6,877,000
Applied tax rate
4.0000
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
Office buildings
Use group
OFFICE BUILDING
Status
For Lease
Year built
1984
Heating
HEAT PUMP
Cooling
CENTRAL
Stories
1
Total area
46,000 SF
Lot
3.49 ac (152,024 SF)
APN
472-00-00-005
UPID
US77-0287021
Jurisdiction
CHARLESTON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Building & site characteristics
From public records
Year built
1984
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
3.49 ac
Current owner
From public records · entity-resolved
Phoenix Lending LLC
Entity
Free & Clear · 16 yrs held
Mailing address
960 MORRISON DR STE #400, CHARLESTON, SC 29403-4232
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
12 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Jun 29, 2023
—
Phoenix Lending LLC
—
Deed
related
$7,000,000 · Summit Community Bank INC
Dec 18, 2019
—
Phoenix Lending LLC
—
Deed
related
$12,000,000 · Truist Bk
Apr 23, 2018
—
Phoenix Lending LLC
—
Loan Modification
related
$8,252,872 · Branch Bk&tr
Oct 11, 2017
—
Phoenix Lending LLC
—
Grant Deed
related
$8,500,000 · Branch Bk&tr
Feb 6, 2017
—
Bridgeview Properties LLC
—
Loan Modification
related
$5,012,269 · Branch Bk&tr
Mar 31, 2010
$2,200,000
Phoenix Lending LLC
Glic Real Estate Holding LLC
Grant Deed
related
—
Jan 29, 2010
—
Glic Real Estate Holding LLC
Rivergate Center I LLC
Grant Deed
related
—
—
—
Phoenix Lending LLC
—
Deed Of Trust
related
$400,000 · Branch Bk&tr
—
—
Phoenix Lending LLC
—
Deed Of Trust
related
$4,365,274 · Branch Banking & Trust Co
—
—
Rivergate Center I LLC
—
Deed Of Trust
related
$3,350,000 · Genworth Life Insurance Co
—
—
Phoenix Lending LLC
—
Loan Modification
related
$12,000,000 · Truist Bk
—
—
Phoenix Lending LLC
—
Deed Of Trust
related
$400,000 · Marsh Co Of Charleston LLC
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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
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