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    617 Myers Rd Summerville, SC 29486
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    617 Myers Rd Summerville, SC 29486

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    • Medical Office Space
    • 9,250 SF
    Off-Market
    Property ID
    US77-2094567
    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

    • Coastal Kids Orthodontics / Physician
    • Foundation Family Chiropractic Carnes Crossroads / Alternative Medicine Practice
    • Bloom Endodontics / Dental Office

    Property Details for 617 Myers Rd

    Year built
    2022
    Property size
    9,250 SF
    Property type
    Medical Office Space

    Description

    This exceptional 9,250 square foot Class B office property, located at 617 Myers Rd, Summerville, SC 29486, presents a unique investment opportunity. Built in 2022, this multi-tenant building offers immediate occupancy with 9,250 square feet of vacant space. The property is categorized as retail, office, and mixed-use, encompassing executive and medical office subtypes. Currently configured as eight individual suites, two contiguous suites totaling 2,650 square feet (1,339 sf and 1,311 sf) are available. Floor plans are available upon request. The property boasts ample paved parking and is situated in a desirable business park setting near Carnes Township, with convenient access to Cane Bay and Nexton. The Berkeley County location (APN 222-11-00-019) offers a strategic advantage for businesses seeking a high-visibility location. This property is ideal for businesses seeking modern, efficient space with the potential for customized tenant build-outs. The building's contemporary finishes and upscale environment create an attractive space for employees and clients alike. The property is ready for immediate tenant improvements, allowing for a quick and efficient move-in process. Contact us today to learn more about this prime commercial real estate opportunity.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

    • CAP approach

    • Comparable approach

    • Alternative Use

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

    Location Insight

    • Map
    • Local Demand
    City
    Summerville
    County
    Berkeley
    State
    South Carolina
    Longitude
    -80.1058801
    Latitude
    33.0480378

    Comparable in this City

    • Contact for pricing

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      Class A Medical Office Space

      Class A medical/general office space in Nexton mixed-use development.
      655 Scholar Way, Summerville, SC 29486
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      Mixed-Use Building in Downtown Nexton

      Mixed-use building with apartments and commercial space in Summerville.
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      Commercial Land For Ground Lease

      Approximately 1.0 acre of commercial land available for lease.
      Sigma Dr, Summerville, SC 29486
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      Renovated Flex Space with Office

      2,846 SF flex space with office and drive-in doors.
      888 College Park Rd, Summerville, SC 29486
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      Retail Space in Downtown Nexton

      Retail and restaurant spaces for lease in Summerville, SC.
      Metropolitan Ave @ Sigma Dr, Summerville, SC 29486
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    Similar Nearby for Sale

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      5,800 SF

      Nexton Parkway Retail Spaces

      Summerville, SC: Prime Retail/Office
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    • $18,000,000
      30,000 SF

      Nexton Mixed-Use Development Opportunity

      Mixed-use property for sale or lease in Nexton, Summerville.
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      Nexton Commercial Land For Sale

      1 to 6.02 acres of commercial land available.
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      Summerville Senior Living Facility

      Senior housing and assisted living facility in Summerville, South Carolina.
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      Office/Warehouse Building with Fenced Yard

      2,000 SF office/warehouse on 1.32 acres near I-26.
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      3,000 SF

      Summerville Flex Warehouse on 10 Acres

      Flex warehouse on 10 acres between Carnes Crossroads and Cane Bay.
      1268 State Rd, Summerville, SC 29486
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    Similar Nearby for Lease

    • Contact for pricing

      Mixed-Use Concept in Nexton

      Walkable mixed-use concept with office, retail, and restaurant spaces.
      1227 Nexton Pkwy, Summerville, SC 29486
      View Details
    • Contact for pricing

      Class A Medical Office Space

      Class A medical/general office space in Nexton mixed-use development.
      655 Scholar Way, Summerville, SC 29486
      View Details
    • Contact for pricing

      Mixed-Use Building in Downtown Nexton

      Mixed-use building with apartments and commercial space in Summerville.
      Metropolitan Ave, Summerville, SC 29486
      View Details
    • Contact for pricing

      Commercial Land For Ground Lease

      Approximately 1.0 acre of commercial land available for lease.
      Sigma Dr, Summerville, SC 29486
      View Details
    • Contact for pricing

      Renovated Flex Space with Office

      2,846 SF flex space with office and drive-in doors.
      888 College Park Rd, Summerville, SC 29486
      View Details
    • Contact for pricing

      Retail Space in Downtown Nexton

      Retail and restaurant spaces for lease in Summerville, SC.
      Metropolitan Ave @ Sigma Dr, Summerville, SC 29486
      View Details
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    Summerville, SC 29486
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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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