Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    708 Shelmore Blvd, Unit 9 Mount Pleasant, SC 29464-6726
    Back to Search
    Property profile & analytics

    708 Shelmore Blvd, Unit 9, Mount Pleasant, SC 29464-6726

    View on Map
    • Commercial real estate
    • 2,175 SF
    Off-Market
    Property ID
    US77-0850191
    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
    $790,000
    Show details
    Cap Rate Potential
    Location Intelligence

    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 type
    Commercial real estate
    APN
    514-00-00-253
    APU
    5140000253

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Nov 8, 2013 $298,524 Shelmore 9 LLC Ecovest S & S Shelmore Dev LLC Grant Deed · related $329k · Tidelands Bank
    Dec 28, 2012 $3,800,000 Ecovest S & S Shelmore Dev LLC Redus Sc Coastal LLC Grant Deed —
    Dec 28, 2012 — Ecovest S & S Shelmore Dev LLC — Deed Of Trust · related $2.8M · First Palmetto Bank
    Jan 14, 2011 — Redus Sc Coastal LLC Ms Shelmore Village LLC Grant Deed · related —

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $789,000
      Market price range: $790k - $2.26M
      AI Estimate
      $789,000
      Market price range: $790k - $2.26M

    • Alternative Use

      Use
      Estimation
      COMMERCIAL (GENERAL)
      $1,270,000
      Current use
      OFFICE BUILDING
      $1,155,000
      Change: -9% Conversion: Easy

    Get a detailed, property-specific estimation — 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
    $6,355
    $0.00
    $0.00
    $25,880
    -
    $40,000
    $458,500
    $498,500

    Comparable in this City

    • Value Estimation by Request
      0.60 Acres

      1349 Old Georgetown Rd

      COMMERCIAL (GENERAL)
      1349 Old Georgetown Rd, Mount Pleasant, SC 29464-3386
      View Details
    • Value Estimation by Request
      0.58 Acres

      Queensborough Blvd

      COMMERCIAL (GENERAL)
      Queensborough Blvd, Mount Pleasant, SC 29464
      View Details
    • Value Estimation by Request
      0.43 Acres

      Bowman Rd

      COMMERCIAL (GENERAL)
      Bowman Rd, Mount Pleasant, SC 29464
      View Details
    • Value Estimation by Request

      534 Johnnie Dodds Blvd

      COMMERCIAL CONDOMINUIM
      534 Johnnie Dodds Blvd, Mount Pleasant, SC 29464-3029
      View Details
    • Value Estimation
      $1,915,000
      4,468 SF

      826 Coleman Blvd

      COMMERCIAL (GENERAL)
      826 Coleman Blvd, Mount Pleasant, SC 29464-4067
      View Details
    • Value Estimation by Request
      774 SF

      1002 Anna Knapp Ext1c

      COMMERCIAL CONDOMINUIM
      1002 Anna Knapp Ext1c, Mount Pleasant, SC 29464-5421
      View Details

    Similar Nearby for Sale

    • 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
      4,365 SF

      Mount Pleasant Office Condominium

      Two-story office condo in Mount Pleasant's vibrant commercial corridor.
      260 West Coleman Blvd, Mount Pleasant, SC 29464
      View Details
    • 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
    • $1,550,000
      0.36 Acres

      Vacant Lot in Bayview Acres

      Vacant lot near downtown Charleston and historic Mt. Pleasant.
      272 Quince St, Mount Pleasant, SC 29464
      View Details
    • $1,150,000

      Charleston Land Investment Opportunity

      Prime land in Charleston area with S-3 zoning.
      3049 Richies Way, Mount Pleasant, SC 29464
      View Details
    • $1,800,000
      0.85 Acres

      Large Homesite in Historic Mount Pleasant

      0.85-acre homesite ready for custom build in Cooper Estates.
      1042 Chambers Ln, Mount Pleasant, SC 29464
      View Details

    Similar Nearby for Lease

    • Contact for pricing

      Move-in Ready Office/Retail Space

      Office or retail space with on-site parking on Shem Creek.
      103 Church St, Charleston, SC 29464
      View Details
    • $895 /Mo
      215 SF

      Professional Office Space For Rent

      Prime location office building with walkable access to local favorites.
      845 Lowcountry Blvd, Mount Pleasant, SC 29464
      View Details
    • Contact for pricing

      Renovated Office Suite in Mt. Pleasant

      Executive office suite available for sublease, renovated in 2024.
      1004 Anna Knapp Blvd, Mount Pleasant, SC 29464
      View Details
    • Contact for pricing

      Medical Office Near Hospital Campus

      Three-story medical office building near East Cooper Medical Center.
      1300 Hospital Dr, Mt Pleasant, SC 29464
      View Details
    • Contact for pricing

      Private Office Facility in Mt. Pleasant

      Private office facility with amenities and convenient location.
      320 Wingo Way, Mt 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 9
    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

    Thank You for Inquiry
    708 Shelmore Blvd, Mount Pleasant, SC, 29464
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!