Add Listing
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    502 Wando Park Blvd, Unit 109 Mount Pleasant, SC 29464-7962
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    502 Wando Park Blvd, Unit 109 Mount Pleasant, SC 29464-7962

    View on Map
    • Commercial real estate
    • 21,552 SF
    • 2.32 lot acres
    Off-Market
    Last Sale May 20, 2020
    $3,550,000
    Property ID
    US77-1236492
    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
    $5,390,000
    Show details
    Cap Rate Potential
    9.6%
    Commercial real estate
    Location Intelligence

    Current Use by Public Records

    • Green Roof Outfitters/Greenrise Technologies / Big Box & Wholesale Store / Construction Company
    • BAYVIEW AVIATION / Freight Service / Logistics Company
    • Alternative Roofing Solutions / Roofing Company / General Contractor
    • JustBasketballGoals / Gym & Fitness Center
    • Advanced Window Fashions / (Bike/Boat/Book/etc) Store / Home Decor Store

    Property Details for 502 Wando Park Blvd

    Year built
    2007
    Lot size
    2.32 lot acres
    Property size
    21,552 SF
    Property type
    Commercial real estate
    APN
    537-00-00-002
    APU
    5370000002

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $3,860,000

    • CAP approach

      CAP Return
      Estimation
      6%
      $6,195,000
      6.5%
      $5,720,000
      7%
      $5,310,000

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

    Location Insight

    • Map
    • Local Demand
    City
    Mount Pleasant
    County
    Charleston
    State
    South Carolina
    Longitude
    -79.8681
    Latitude
    32.8402
    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
    $53,847
    $0.00
    $0.00
    $213,000
    -
    $400,000
    $3,150,000
    $3,550,000

    Comparable in this City

    • Value Estimation by Request

      Highway 17

      Farms
      0 Highway 17, Mount Pleasant, SC 29464
      View Details
    • Value Estimation by Request
      0.68 Acres

      Royall Ave

      COMMERCIAL (GENERAL) • 0.68 Acres
      Royall Ave, Mount Pleasant, SC 29464
      View Details
    • Value Estimation by Request
      432 SF

      115 Pitt St

      COMMERCIAL CONDOMINUIM • 432 SF
      115 Pitt St, Mount Pleasant, SC 29464-5318
      View Details
    • Value Estimation by Request
      476 SF

      1014 Rifle Range Rd

      COMMERCIAL (GENERAL) • 476 SF
      1014 Rifle Range Rd, Mount Pleasant, SC 29464-4602
      View Details
    • Value Estimation
      $550,000
      1,520 SF

      208 Scott St

      COMMERCIAL (GENERAL) • 1,520 SF
      208 Scott St, Mount Pleasant, SC 29464-4345
      View Details
    • Value Estimation
      $3,280,000
      3,150 SF

      10 Shem Dr

      COMMERCIAL (GENERAL) • 3,150 SF
      10 Shem Dr, Mount Pleasant, SC 29464-5281
      View Details

    Similar Nearby for Sale

    • $950,000
      1.08 Acres

      Vacant Land in Mount Pleasant

      Rare opportunity to build your dream home in a prime location.
      lot Lot 1 & 2 Rifle Range Rd, Mount Pleasant, SC 29464
      View Details
    • $950,000
      0.08 Acres

      Residential Land in Old Village

      Residential lot for custom home in Mount Pleasant, SC.
      522 Whilden St, Mount Pleasant, SC 29464
      View Details
    • Contact for pricing

      Acre Lot in Mount Pleasant

      One acre lot centrally located near shopping and beaches.
      1128 Melvin Bennett Rd, Mount Pleasant, SC 29464
      View Details
    • Contact for pricing
      11,120 SF

      Mount Pleasant Office Space Available

      Office space for sale, convenient location near I-526.
      496 Bramson Ct, Mount Pleasant, SC 29464
      View Details
    • $585,000

      Cleared Lot with Building Plans

      Cleared commercial lot with flexible zoning for retail, office, medical.
      798 Johnnie Dodds Blvd, Mount Pleasant, SC 29464
      View Details
    • $2,500,000

      Venning Road Land Opportunity

      Land for sale with direct traffic access and easements.
      1203 Venning Rd, Mount Pleasant, SC 29464
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Mount Pleasant Office Space

      Office space available for lease in Mount Pleasant, SC.
      1671 Belle Isle Ave, Mount Pleasant, SC 29464
      View Details
    • Contact for pricing

      Office Suite in Mt. Pleasant

      Office suite with private offices, reception, and conference room.
      782 Johnnie Dodds Blvd, Mount Pleasant, SC 29464
      View Details
    • $12 SF/Yr
      1,198 SF

      Mt. Pleasant Office/Medical Space

      Office and medical suites available in Mt. Pleasant location.
      900 Bowman Rd, Mt Pleasant, SC 29464
      View Details
    • Contact for pricing

      Retail Space Near Ravenel Bridge

      Retail space in Whole Foods anchored shopping center available for lease.
      855 Houston Northcutt Blvd, Mount Pleasant, SC 29464
      View Details
    • $34 SF/Yr

      Medical Office in Mt. Pleasant

      Medical office space available for sublease in Mt. Pleasant.
      1300 Hospital Dr, Mount Pleasant, SC 29464
      View Details
    • $125,000

      Retail Pad Site with Drive-Thru

      Retail pad site with drive-thru potential on Long Point Road.
      45 Belle Point Dr, Mt 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.
    502 Wando Park Blvd, Unit 109
    Mount Pleasant, SC 29464-7962
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!