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

    708 Shelmore Blvd, Unit 3-7 Mount Pleasant, SC 29464-6726

    • Commercial real estate
    • 2,368 SF
    OFF-MARKET
    Last Sale
    May 11, 2022
    Value Estimations
    $1,140,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-0684534
    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

    • Fount / (Bike/Boat/Book/etc) Store / Corporate Office
    • Le Clercq Law Firm PC / Law Firm
    • Sweet Lulu's Bakery / Bakery / Specialty Food Shop
    • The Aesthetic Lounge / Medical Clinic / Skin Care Clinic
    • Aija Naro / Alternative Medicine Practice / Spa & Massage Center

    Property Details for 708 Shelmore Blvd

    Year built
    2007
    Property size
    2,368 SF
    Property type
    Commercial real estate
    APN
    514-00-00-251
    APU
    5140000251

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $1,138,000
      Market price range: $860k - $2.47M
      AI Estimate
      $1,138,000
      Market price range: $860k - $2.47M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,380,000
      Current use
      OFFICE BUILDING
      $1,260,000
      Change: -9% Conversion: Easy

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

    Location Insight

    • Map
    • Local Demand
    City
    Mount Pleasant
    County
    Charleston
    State
    South Carolina
    Longitude
    -79.8779
    Latitude
    32.8113
    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
    $10,873
    $0.00
    $0.00
    $45,600
    -
    $50,000
    $710,000
    $760,000

    Comparable in this City

    • Value Estimation by Request

      Highway 17

      Farms
      0 Highway 17, Mount Pleasant, SC 29464
      View Details
    • Value Estimation by Request
      30,184 SF

      501 Wando Park Blvd

      Office buildings • 30,184 SF
      501 Wando Park Blvd, 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

    Similar Nearby for Sale

    • $400,000

      Vacant Land in Mount Pleasant

      Spacious vacant land parcel in a peaceful, natural Mount Pleasant setting.
      1667 Snowden Rd, Mount Pleasant, SC 29464
      View Details
    • Contact for pricing
      8,100 SF

      Conditioned Warehouse with Laydown Yard

      8,100 SF warehouse with parking or laydown yard.
      517 Wando Ln, Mount Pleasant, SC 29464
      View Details
    • $1,199,000
      18 SF

      Wando River Residential Development Opportunity

      18.94 acres of residential land with Wando River frontage.
      1640 Evelina St, Mount Pleasant, SC 29464
      View Details
    • $1,725,000
      0.08 Acres

      Charming Duplex in Old Village

      Furnished duplex in the heart of Old Village, Mount Pleasant.
      425 King St, Mount Pleasant, SC 29464
      View Details
    • New
      $1,575,000
      0.58 Acres

      Expansive Homesite in Desirable Groves

      0.58-acre lot with permitted plans in Mount Pleasant.
      927 Lakeview Dr, Mount Pleasant, SC 29464
      View Details
    • New
      $550,000
      0.67 Acres

      Residential Lot in Mount Pleasant

      0.67-acre residential lot near Downtown Charleston.
      1628 Pat Kelly Ln, Mount Pleasant, SC 29464
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      3,861 SF

      Executive Suites, Mt. Pleasant, SC

      Prime Mt. Pleasant Office Space Available
      800 Johnnie Dodds Blvd, Mount Pleasant, SC 29464
      View Details
    • Contact for pricing
      65,000 SF

      Prime Mount Pleasant Executive Office Space

      Class A Office, 3,653 SF Available
      235 Magrath Darby Blvd, Mount Pleasant, SC 29464
      View Details
    • $38 SF/Yr
      5,733 SF

      Coleman Blvd Executive Office Space

      Prime Mt. Pleasant Office/Retail Opportunity
      725 Coleman 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
    • 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
    • $20 SF/Yr
      3,400 SF

      Freestanding Office Building For Lease

      Two-story office property in a rapidly developing commercial corridor.
      890 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.
    708 Shelmore Blvd, Unit 3-7
    Mount Pleasant, SC 29464-6726
    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.