Sign Up Successful!
You now have access to more from Realmo!
Property Lookup
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    506 Live Oak Dr Mount Pleasant, SC 29464

    • Office space
    • 1,788 SF
    OFF-MARKET
    Value Estimations
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-1242341
    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

    • Shem Creek Place / Travel Agency / Vacation Rental

    Property Details for 506 Live Oak Dr

    Year built
    1960
    Property size
    1,788 SF
    Property type
    Office space
    APN
    517-16-00-052

    Description

    This exceptional 1,788 sq ft, mixed-use property in Mount Pleasant, SC, presents a unique investment opportunity. Located on a spacious 11,600 sq ft lot at 506 Live Oak Dr, this single-story, 1960-built brick veneer building underwent a complete renovation in 2021. Currently operating as a single-family residence and a three-unit short-term rental, it offers flexible use potential. The AB zoning allows for mixed-use development, including office or retail space on the ground floor with residential above, or continued use as residential with rental income. The property boasts solid wood frame construction with a gable roof and asphalt shingles, central heating and cooling, multiple entry and exit points, and ample natural light from double-hung and fixed windows. Its prime location near Shem Creek offers proximity to restaurants, shops, and waterfront amenities. Well-maintained and in above-average condition, this property is ideal for investors seeking a blend of residential living and rental income, or developers looking for a flexible redevelopment project. The property features a crawl space foundation. Don't miss this chance to acquire a versatile property in a thriving South Carolina location.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Mount Pleasant
    County
    Charleston
    State
    South Carolina
    Longitude
    -79.8771232
    Latitude
    32.7914959

    Comparable in this City

    • $525,000
      1,034 SF

      Office Condo For Sale

      Office condo with immediate availability in Mt. Pleasant, SC.
      501 Bramson Ct, Mt Pleasant, SC 29464
      View Details
    • Contact for pricing
      39,400 SF

      Belle Hall Office Building

      Newly constructed office building in Mount Pleasant's Long Point Road submarket.
      1501 Belle Isle Ave, Mount Pleasant, SC 29464
      View Details
    • $525,000
      1,034 SF

      Renovated Office Condo in Mount Pleasant

      Recently renovated office condo in Moultrie Office Park for sale.
      501 Bramson Ct -, Mount Pleasant, SC 29464
      View Details
    • $6,700,000
      14,342 SF

      Mount Pleasant Office Building For Sale

      Office building for sale with strong tenant in Mount Pleasant.
      985 Johnnie Dodds Blvd, Mount Pleasant, SC 29464
      View Details
    • Contact for pricing
      10,000 SF

      New Office Building For Sale

      New 10,000 SF office building in Mount Pleasant, SC.
      1214 Chuck Dawley Blvd, Mount Pleasant, SC 29464
      View Details
    • $3,550,000
      9,649 SF

      Mount Pleasant Office Investment

      Suburban office building in central Mount Pleasant with existing income.
      975 Johnnie Dodds Blvd, Mount Pleasant, SC 29464
      View Details

    Similar Nearby for Sale

    • $525,000
      1,034 SF

      Office Condo For Sale

      Office condo with immediate availability in Mt. Pleasant, SC.
      501 Bramson Ct, Mt Pleasant, SC 29464
      View Details
    • Contact for pricing
      39,400 SF

      Belle Hall Office Building

      Newly constructed office building in Mount Pleasant's Long Point Road submarket.
      1501 Belle Isle Ave, Mount Pleasant, SC 29464
      View Details
    • $525,000
      1,034 SF

      Renovated Office Condo in Mount Pleasant

      Recently renovated office condo in Moultrie Office Park for sale.
      501 Bramson Ct -, Mount Pleasant, SC 29464
      View Details
    • $6,700,000
      14,342 SF

      Mount Pleasant Office Building For Sale

      Office building for sale with strong tenant in Mount Pleasant.
      985 Johnnie Dodds Blvd, Mount Pleasant, SC 29464
      View Details
    • Contact for pricing
      10,000 SF

      New Office Building For Sale

      New 10,000 SF office building in Mount Pleasant, SC.
      1214 Chuck Dawley Blvd, Mount Pleasant, SC 29464
      View Details
    • $3,550,000
      9,649 SF

      Mount Pleasant Office Investment

      Suburban office building in central Mount Pleasant with existing income.
      975 Johnnie Dodds Blvd, Mount Pleasant, SC 29464
      View Details

    Similar Nearby for Lease

    • $32 SF/Yr
      2,494 SF

      Move-in Ready Office Space

      Office space in a desirable location near shopping and dining.
      496 Bramson Ct, Mount Pleasant, SC 29464
      View Details
    • $30 SF/Yr
      3,400 SF

      Mount Pleasant Office Space Available

      3,400 SF office space with ample parking and signage.
      790 Johnnie Dodds Blvd, Mount Pleasant, SC 29464
      View Details
    • $32 SF/Yr
      550 SF

      Mount Pleasant Office Space Available

      Office space available for lease in Mount Pleasant, SC.
      855 Coleman Blvd, Mount Pleasant, SC 29464
      View Details
    • $29 SF/Yr
      2,587 SF

      Turn Key Medical Office Space

      Move-in ready medical office space near East Cooper Hospital.
      897 Von Kolnitz Rd, Mount Pleasant, SC 29464
      View Details
    • $41 SF/Yr
      4,970 SF

      Mount Pleasant Office Suites Available

      Class A Office Space, Multiple Suites
      735 Johnnie Dodds Blvd, Mount Pleasant, SC 29464
      View Details
    • $18 SF/Yr
      1,600 SF

      Mount Pleasant Office Space Available

      Office space featuring private offices, conference area, and kitchen.
      1041 Johnnie Dodds Blvd, 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.
    506 Live Oak Dr
    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

    Google sign-in failed. Please try again or use another login method.