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    Property profile & analytics

    7371 Spartan Blvd North Charleston, SC 29418

    • Warehouses
    • 48,400 SF
    • 2.73 lot acres
    OFF-MARKET
    Value Estimations
    $4,510,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-0791962
    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

    • Warehouses

    Property Details for 7371 Spartan Blvd

    Year built
    1972
    Lot size
    2.73 lot acres
    Property size
    48,400 SF
    Property type
    Warehouses
    APN
    395-16-00-012
    APU
    3951600012

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $4,849,000
      Market price range: $4.85M - $9.61M
      AI Estimate
      $4,165,000
      Market price range: $4.17M - $7.35M

    • Alternative Use

      Use
      Estimation
      WAREHOUSE, STORAGE
      $6,900,000
      Current use

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

    Location Insight

    • Map
    • Local Demand
    City
    North Charleston
    County
    Charleston
    State
    South Carolina
    Longitude
    -80.0599
    Latitude
    32.9287
    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
    $35,682
    $0.00
    $0.00
    $122,000
    -
    $714,000
    $1,957,700
    $2,671,700

    Comparable in this City

    • Value Estimation by Request
      3,000 SF

      8222 Dorchester Rd

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      8222 Dorchester Rd, North Charleston, SC 29418-2917
      View Details
    • Value Estimation
      $3,360,000
      36,090 SF

      5715 Dorchester Rd

      WAREHOUSE, STORAGE • 36,090 SF
      5715 Dorchester Rd, North Charleston, SC 29418-5507
      View Details
    • Value Estimation
      $6,135,000
      44,300 SF

      7260 Investment Dr

      WAREHOUSE, STORAGE • 44,300 SF
      7260 Investment Dr, North Charleston, SC 29418-8302
      View Details
    • Value Estimation
      $1,420,000
      15,000 SF

      2799 3rd Lks Rd

      WAREHOUSE, STORAGE • 15,000 SF
      2799 3rd Lks Rd, North Charleston, SC 29418-5900
      View Details
    • Value Estimation
      $1,665,000
      17,860 SF

      7249 Peppermill Pkwy

      WAREHOUSE, STORAGE • 17,860 SF
      7249 Peppermill Pkwy, North Charleston, SC 29418-7402
      View Details
    • Value Estimation
      $8,440,000
      90,600 SF

      7135 Bryhawke Cir

      WAREHOUSE, STORAGE • 90,600 SF
      7135 Bryhawke Cir, North Charleston, SC 29418-3330
      View Details

    Similar Nearby for Sale

    • Contact for pricing
      14,465 SF

      Industrial Facility Near I-26 Interchange

      14,465 SF industrial facility with convenient highway access.
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      4,000 SF

      Warehouse with Office and Storage

      4,000 SF warehouse with office space and outdoor storage.
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      14,350 SF

      Warehouse with Fenced Yard

      14,350 SF warehouse with fenced yard for lease.
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      7,800 SF

      Renovated Warehouse Facility in Charleston

      7,800 SF renovated warehouse with laydown yard for lease.
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    • $3,380,000
      16,132 SF

      North Charleston Industrial Investment Property

      Industrial property in North Charleston with long-term lease in place.
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      10,871 SF

      Two Warehouse Buildings For Sale

      Two warehouse buildings totaling 10,871 SF near major roads.
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    Similar Nearby for Lease

    • Contact for pricing

      North Charleston Flex Space Available

      Flex suites available for lease with office and drive-in access.
      7148 Cross County Rd #Ste, North Charleston, SC 29418
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      Warehouse Space Near Interstate 26

      Class B warehouse suites available near I-26 in North Charleston.
      4275 Arco Ln, North Charleston, SC 29418
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    • $2 SF/Yr
      8,750 SF

      Industrial Space Available For Lease

      Industrial property featuring 8,750 square feet available for lease.
      8008 Dorchester Rd, Charleston, SC 29418
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    • Contact for pricing
      2,800 SF

      New Flex Industrial Park Space

      Flex industrial space available for lease in new park.
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      Industrial Space with Yard

      Industrial space with yard available for lease.
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      View Details
    • $10 SF/Yr
      15,000 SF

      North Charleston Warehouse with Loading Dock

      Light industrial warehouse with loading dock, convenient access to I-26.
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      View Details
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    7371 Spartan Blvd
    North Charleston, SC 29418
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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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