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    627 Highway 17 N Mount Pleasant, SC 29466
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    627 Highway 17 N Mount Pleasant, SC 29466

    View on Map
    • Retail space
    • 100,158 SF
    • 9.10 lot acres
    For Lease
    $32 SF/Yr
    View Listing →
    Mount Pleasant Commercial Land Lease For Lease
    $32 SF/Yr

    Mount Pleasant Commercial Land Lease

    9.01 acre commercial land available for lease.

    627 Hwy 17 N, Mount Pleasant, SC 29466
    View Listing
    Property ID
    US77-1145627
    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
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Retail space

    Property Details for 627 Highway 17 N

    Year built
    1974
    Lot size
    9.10 lot acres
    Property size
    100,158 SF
    Property type
    Retail space
    APN
    517-04-00-105
    APU
    5170400105

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $23,142,000
      Market price range: $16.8M - $67.7M
      AI Estimate
      $23,142,000
      Market price range: $16.8M - $67.7M

    • Alternative Use

      Use
      Estimation
      RETAIL STORES
      $34,410,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    Mount Pleasant
    County
    Charleston
    State
    South Carolina
    Longitude
    -79.881
    Latitude
    32.8066
    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
    $207,473
    $0.00
    $0.00
    $811,670
    -
    $2,954,214
    $15,597,686
    $18,551,900

    Comparable in this City

    • Value Estimation
      $635,000
      936 SF

      1401 Ben Sawyer Blvd

      RETAIL STORES (PERSONAL SERVICES) • 936 SF
      1401 Ben Sawyer Blvd, Mount Pleasant, SC 29464-4574
      View Details
    • Value Estimation
      $30,580,000
      87,543 SF

      1551 Hwy 17

      RETAIL STORES (PERSONAL SERVICES) • 87,543 SF
      1551 Hwy 17, Mount Pleasant, SC 29464
      View Details
    • Value Estimation
      $5,015,000
      19,111 SF

      916 Houston Northcutt Blvd

      RETAIL STORES (PERSONAL SERVICES) • 19,111 SF
      916 Houston Northcutt Blvd, Mount Pleasant, SC 29464-3770
      View Details
    • Value Estimation
      $6,740,000
      19,613 SF

      1125 John Dilligard Ln

      RETAIL STORES (PERSONAL SERVICES) • 19,613 SF
      1125 John Dilligard Ln, Mount Pleasant, SC 29464-7308
      View Details
    • Value Estimation by Request
      22,286 SF

      1501 Hwy 17

      RETAIL STORES (PERSONAL SERVICES) • 22,286 SF
      1501 Hwy 17, Mount Pleasant, SC 29464-3342
      View Details
    • Value Estimation by Request

      1594 Palmetto Grande Dr

      RETAIL STORES (PERSONAL SERVICES)
      1594 Palmetto Grande Dr, Mount Pleasant, SC 29464
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      1,200 SF

      Retail Property in Mount Pleasant

      Retail space available for purchase in Mount Pleasant, SC.
      580 Long Point Rd, Mount Pleasant, SC 29464
      View Details
    • Contact for pricing
      3,500 SF

      Highway Frontage Retail Investment Opportunity

      New construction retail property with corporate-guaranteed lease and strong demographics.
      1767 Highway 17 N, Mt Pleasant, SC 29464
      View Details
    • Contact for pricing
      63,061 SF

      Class A Mixed-Use Asset

      63,061 SF mixed-use property in Mount Pleasant, SC.
      766 S Shelmore 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
    • 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
    • $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
      3,553 SF

      Retail Space in Belle Hall

      Retail space available in open-air shopping center.
      608 Long Point Rd, Mount Pleasant, SC 29464
      View Details
    • Contact for pricing
      1,500 SF

      Bowman Place Retail Outparcel

      Retail outparcel in Mt. Pleasant's premier retail destination.
      1132 Bowman Rd, Mount Pleasant, SC 29464
      View Details
    • Contact for pricing
      1,554 SF

      Retail Space in Mt. Pleasant

      Retail space available in well-maintained shopping center.
      320 W Coleman Blvd, Mount Pleasant, SC 29464
      View Details
    • $38 SF/Yr
      1,212 SF

      Retail Space Near Caliente Ballroom

      1,212 SF retail space near Wando Crossing.
      1116 Graddick Rd, Mount Pleasant, SC 29464
      View Details
    • Contact for pricing
      3,993 SF

      Retail Space in Prime Location

      Grocery-anchored retail center in Mount Pleasant, high-traffic area.
      1000 Johnnie Dodds Blvd, Mount Pleasant, SC 29464
      View Details
    • Contact for pricing
      2,245 SF

      Mixed-Use Destination Retail Space

      Retail space in a mixed-use destination with shops and restaurants.
      1596 Palmetto Grande Dr, Mt Pleasant, SC 29464
      View Details
    View Listing
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    627 Highway 17 N
    Mount Pleasant, SC 29466
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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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