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Property profile & analytics
OFF-MARKET
Estimated value
$1,945,000
Warehouses
7640 Southrail Rd, North Charleston, SC 29420-9000
Entity Owned
2-yr Hold
~
Est. High Equity
Property ID
US77-1309644
Property summary
AI-generated overview
This exceptional industrial property, located at 7640 Southrail Rd in North Charleston, South Carolina, presents a fantastic leasing opportunity. The property consists of two buildings totaling 14,400 square feet, with 6,400 square feet currently available for lease. Situated on a three-acre lot, this warehouse boasts a desirable M1 - Light Industrial zoning classification, making it suitable for a variety of industrial uses. Built in 1990, the buildings feature a generous 20-foot ceiling height, providing ample space for storage and operations. The property is conveniently located in Charleston County, South Carolina, with the zip code 29420. The multiple tenancy structure offers flexibility for businesses of varying sizes. This is an excellent opportunity to secure a well-located, spacious warehouse in a thriving industrial area. The available space offers significant potential for businesses seeking efficient and functional warehouse space in North Charleston. The property's size and zoning make it ideal for a range of light industrial operations. Don't miss this chance to establish your business in this prime location.
Property profile
Verified
Property type
Warehouses
Use group
WAREHOUSE, STORAGE
Year built
1990
Total area
12,800 SF
Lot
3 ac (130,680 SF)
APN
484-00-00-091
UPID
US77-1309644
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
$1.41M
Blend (final)
Blend
$1.95M
Owner & transaction history
7640 Southrail LLC · 2 yrs held
7640 Southrail LLC
since 2023
Last sale
$2.5M
4 recorded transactions
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Commercial (general)
$3.0M
+62.1%
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 North Charleston submarket · NOI estimate · Typical band, median & reading
Implied cap rate, NOI & submarket benchmark
Cap vs North 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
by Request
CAP Approach
CAP Return
Estimation
6%
by Request
6.5%
by Request
7%
by Request
Alternative Use
Use
Estimation
WAREHOUSE, STORAGE
$1,830,000
Current use
COMMERCIAL (GENERAL)
$2,970,000
Change: +62% · Conversion: Difficult
Blend value · Realmo final
$1.95M
Range $1.75M – $2.14M · ±10% · vs last sale $2.50M (Aug 1 2023)
Last sale anchor
$2.50M
Aug 1 2023
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
$152 / 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
$14,499
Tax year 2023
Assessed value
$49,090
Assessed 2023
Previous assessed
$49,090
+0.0% YoY
Effective rate
29.54%
On assessed value
Land market value
$480,000
Improvement market value
$375,900
Total market value
$855,900
Applied tax rate
4.0000
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
Warehouses
Use group
WAREHOUSE, STORAGE
Status
Off-Market
Year built
1990
Heating
HEAT PUMP
Cooling
NONE
Stories
1
Total area
12,800 SF
Lot
3 ac (130,680 SF)
APN
484-00-00-091
UPID
US77-1309644
Jurisdiction
CHARLESTON
Zoning & alternative use
Zoning · permitted uses
Permitted & conditional uses
Allowed uses · Special-permit conditions · Prohibited uses
Permitted & conditional uses
Allowed · special-permit conditions · prohibited
Alternative use value scenarios
Repositioning upside vs current use
WAREHOUSE, STORAGE Current
Est. value
$1.8M
COMMERCIAL (GENERAL)
Est. value
$3.0M
WAREHOUSE, STORAGE Current
COMMERCIAL (GENERAL)
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
1990
Heating
HEAT PUMP
Cooling
Yes
Stories
1
Lot
3 ac
Current owner
From public records · entity-resolved
7640 Southrail LLC
Entity
Mailing address
186 7TH FARMS DR STE FSTEF, DANIEL ISLAND, SC 29492-8510
Ownership since
2023
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
Aug 1, 2023
$2,500,000
7640 Southrail LLC
T Mouse Speed LLC
Limited Warranty Deed
$2,125,000 · First Reliance Bank
Dec 23, 2014
—
T-mouse Speed LLC
Henning,terri J
Grant Deed
related
—
Jan 5, 2004
—
Henning Edward L Trust
Henning,edward L
Quit Claim Deed
related
—
Dec 5, 2003
—
Ailstock,charles F Tr
—
Grant Deed
related
—
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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