Back to Search
Property profile & analytics
OFF-MARKET
Estimated value
$1,680,000
Sports & entertainment properties
648 Enterprise Blvd Charleston, SC 29492
Entity Owned
11-yr Hold
Free & Clear
Property ID
US77-2300790
Property profile
Verified
Property type
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Year built
2015
Total area
6,848 SF
Lot
43.53 ac (1,896,167 SF)
Zoning code
CHARLESTON - C
APN
271-00-01-192
UPID
US77-2300790
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
$1.42M
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$1.95M
Blend (final)
Blend
$1.68M
Owner & transaction history
Clements Ferry Apartments LLC · 11 yrs held
Clements Ferry Apartments LLC
since 2014
4 recorded transactions
Zoning & alternative use
CHARLESTON - C · Charleston, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$2.8M
+193.3%
Restaurant
$2.2M
+131.2%
Office building
$1.9M
+99.6%
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 Charleston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs 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
$1,415,000
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
COMMERCIAL (GENERAL)
$2,760,000
Change: +193% · Conversion: Difficult
RESTAURANT
$2,175,000
Change: +131% · Conversion: Difficult
OFFICE BUILDING
$1,875,000
Change: +100% · Conversion: Difficult
APARTMENT HOUSE (5+ UNITS)
$1,700,000
Change: +81% · Conversion: Difficult
Blend value · Realmo final
$1.68M
Range $1.51M – $1.85M · ±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
$245 / 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 2022Property tax & assessments
Tax year 2022
Tax billed
$827,880
Tax year 2022
Assessed value
$2,419,002
Assessed 2022
Previous assessed
$2,419,010
0.0% YoY
Effective rate
34.22%
On assessed value
Assessed land
$196,163
Assessed improvement
$2,222,839
Land market value
$4,967,400
Improvement market value
$56,288,600
Total market value
$61,256,000
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
Sports & entertainment properties
Use group
RECREATIONAL, ENTERTAINMENT
Status
Off-Market
Year built
2015
Heating
NONE
Buildings
6
Stories
2
Total area
6,848 SF
Lot
43.53 ac (1,896,167 SF)
Zoning code
CHARLESTON - C
APN
271-00-01-192
UPID
US77-2300790
Jurisdiction
BERKELEY
Zoning & alternative use
CHARLESTON - C · Charleston, SC
Zoning CHARLESTON - C · permitted uses
CHARLESTON - C · Charleston, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Charleston. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
COMMERCIAL (GENERAL)
Est. value
$2.8M
RESTAURANT
Est. value
$2.2M
OFFICE BUILDING
Est. value
$1.9M
APARTMENT HOUSE (5+ UNITS)
Est. value
$1.7M
COMMERCIAL (GENERAL)
RESTAURANT
OFFICE BUILDING
APARTMENT HOUSE (5+ UNITS)
Alternative use deep dive — conversion cost, permits, timeline
Conversion cost estimate · Permit path & risks · Stabilized NOI per option
Alternative use deep dive
Conversion cost · permit path · stabilized NOI per option
Building & site characteristics
From public records
Year built
2015
Heating
NONE
Stories
2
Buildings
6
Lot
43.53 ac
Current owner
From public records · entity-resolved
Clements Ferry Apartments LLC
Entity
Free & Clear · 11 yrs held
Mailing address
7474 CREEDMOOR RD, RALEIGH, NC 27613-1663
Ownership since
2014
Owner contacts — direct phone, email, and related entities
Decision-maker phone · Verified email · Related entities & filings
Owner contacts
Email · phone · related entities
Sales History
4 recorded events · public records
Date
Price
Buyer
Seller
Deed Type
Mortgage
Nov 20, 2023
—
Clements Ferry Apartments LLC
—
Deed
related
$51,700,000 · The Northwest Mutual Life Insurance
Jan 20, 2017
—
Clements Ferry Apartments LLC
—
Deed
related
$74,400,000 · Miscellaneous Ins Co
Sep 18, 2014
—
Clements Ferry Apartments LLC
Cfp Apartments LLC
Limited Warranty Deed
—
—
—
Clements Ferry Apartments LLC
—
Deed Of Trust
related
$74,400,000 · Miscellaneous Ins Co
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.
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
You own 648 Enterprise Blvd?
List it free. Reach 20,000 daily buyers.
We’ve already pulled the facts. Confirm photos + price and you’re live in 2 minutes.
List this address →
Full reports are paid
Unlock the full Property Analytics report
Start free for 7 days — no card required. Full owner contacts, all 4 valuations with methodology, refine flow, comparable adjustments, foot-traffic deep dive, export to PDF / CSV.
