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Property profile & analytics
OFF-MARKET
Estimated value
$34,250,000
Distribution centers
7405 Magi Rd Hanahan, SC 29410-6537
Entity Owned
18-yr Hold
~
Est. High Equity
Property ID
US77-1750959
Property profile
Verified
Property type
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Year built
2009
Total area
390,180 SF
Lot
20.76 ac (904,306 SF)
Zoning code
HANAHAN - ID
APN
259-00-00-133
UPID
US77-1750959
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
by Request
CAP Approach
CAP
by Request
Comparable Approach
Comparable
$39.10M
Blend (final)
Blend
$34.25M
Owner & transaction history
North Pointe Partners One LLC · 18 yrs held
North Pointe Partners One LLC
since 2008
4 recorded transactions
Zoning & alternative use
HANAHAN - ID · Hanahan, SC
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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 Hanahan submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs Hanahan 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$55,645,000
Current use
Blend value · Realmo final
$34.25M
Range $30.83M – $37.68M · ±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
$88 / 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 2023Property tax & assessments
Tax year 2023
Tax billed
$318,898
Tax year 2023
Assessed value
$1,067,044
Assessed 2023
Previous assessed
$927,865
+15.0% YoY
Effective rate
29.89%
On assessed value
Assessed land
$89,337
Assessed improvement
$977,707
Land market value
$4,055,300
Improvement market value
$44,381,250
Total market value
$48,436,550
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
Distribution centers
Use group
DISTRIBUTION WAREHOUSE
Status
Off-Market
Year built
2009
Heating
NONE
Stories
1
Total area
390,180 SF
Lot
20.76 ac (904,306 SF)
Zoning code
HANAHAN - ID
APN
259-00-00-133
UPID
US77-1750959
Jurisdiction
BERKELEY
Zoning & alternative use
HANAHAN - ID · Hanahan, SC
Zoning HANAHAN - ID · permitted uses
HANAHAN - ID · Hanahan, SC
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Hanahan. Always verify with local authorities before improvements.
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$55.6M
WAREHOUSE, STORAGE Current
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
2009
Heating
NONE
Stories
1
Lot
20.76 ac
Current owner
From public records · entity-resolved
North Pointe Partners One LLC
Entity
Mailing address
PO BOX 5414, NEW YORK, NY 10185-5414
Ownership since
2008
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
Jul 29, 2020
—
Arc Hr5hasc001 LLC
—
Deed
related
$715,000,000 · Column Financial INC
Jul 8, 2008
—
North Pointe Partners One LLC
North Pointe Park Partners LLC
Quit Claim Deed
$15,575,000 · Regions Bank
Apr 16, 2008
—
North Pointe Park Partners LLC
North Pointe Properties INC
Quit Claim Deed
—
—
—
Arc Hr5hasc001 LLC
—
Deed Of Trust
related
$655,000,000 · Barclays Bk/plc
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.
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