Add Listing
    Property Lookup
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    78 Line St Charleston, SC 29403-5418
    Back to Search
    Property profile & analytics

    78 Line St, Charleston, SC 29403-5418

    View on Map
    • Commercial real estate
    • 2,084 SF
    • 0.04 lot acres
    Off-Market
    Property ID
    US77-2893795
    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
    $660,000
    Show details
    Cap Rate Potential
    Location Intelligence

    Current Use by Public Records

    • Harrison Blackford Art Studio / Artist

    Property Details for 78 Line St

    Year built
    1910
    Lot size
    0.04 lot acres
    Property type
    Commercial real estate
    APN
    460-04-04-017
    APU
    4600404017

    Sales History

    Date Price Buyer Seller Deed Type Mortgage
    Jun 17, 2019 — Ray H Morrison III — Deed · related $465k · Synovus Bk
    Oct 5, 2018 — R Hamilton Morrison 80 Line LLC Quit Claim Deed · related —
    Feb 27, 2009 — R Hamilton Morrison — Trustees Deed · related $345k · Atlantic Bank
    May 2, 2008 $187,500 R Hamilton Morrison Waring,timothy Grant Deed $282k · National Bank South Carolina
    Apr 12, 2004 — Timothy Waring Coards,rachael Quit Claim Deed · related —
    Aug 8, 2003 — Timothy Waring Coards,rachael Grant Deed · related —
    — — Ray H Morrison III — Deed Of Trust · related $317k · Nbsc
    — — Ray H Morrison III — Deed Of Trust · related $465k · Synovus Bk

    Value Estimations

    based on Realmo’s proprietary methodology

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $659,000
      Market price range: $660k - $3.11M
      AI Estimate
      $659,000
      Market price range: $660k - $3.11M

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

    Location Insight

    • Map
    • Local Demand
    City
    Charleston
    County
    Charleston
    State
    South Carolina
    Longitude
    -79.944
    Latitude
    32.7948
    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
    $5,343
    $0.00
    $0.00
    $19,520
    -
    $239,200
    $130,200
    $369,400

    Comparable in this City

    • Value Estimation by Request
      0.46 Acres

      510 Meeting St

      Hotels
      510 Meeting St, Charleston, SC 29403
      View Details
    • Value Estimation by Request
      15,000 SF

      32-34 Woolfe St

      Retail properties & Spaces
      32-34 Woolfe St, Charleston, SC 29403
      View Details
    • Value Estimation by Request
      0.02 Acres

      Meeting St

      COMMERCIAL (GENERAL)
      Meeting St, Charleston, SC 29403
      View Details
    • Value Estimation by Request
      0.70 Acres

      Lemon St

      COMMERCIAL (GENERAL)
      Lemon St, Charleston, SC 29403
      View Details
    • Value Estimation by Request
      1,214 SF

      121 Spg Stc

      COMMERCIAL CONDOMINUIM
      121 Spg Stc, Charleston, SC 29403-6727
      View Details
    • Value Estimation
      $880,000
      2,180 SF

      125 Spg St

      COMMERCIAL (GENERAL)
      125 Spg St, Charleston, SC 29403-5224
      View Details

    Similar Nearby for Sale

    • $3,500,000
      10,218 SF

      Meeting Street Office Building

      Charleston SC Office Space - 10,218 SF
      394 Meeting St, Charleston, SC 29403
      View Details
    • Contact for pricing

      Residential Land Near Charleston Beaches

      Residential land for sale near beaches and downtown Charleston.
      5 Oliver Ct, Charleston, SC 29403
      View Details
    • $2,900,000

      Renovated Mixed-Use Property For Sale

      Two-story mixed-use property with retail and short-term rental units.
      200 Rutledge Ave, Charleston, SC 29403
      View Details
    • Contact for pricing

      Prime Land for Hotel Development

      Land suitable for a 100-key hotel development.
      510 Meeting St, Charleston, SC 29403
      View Details
    • Contact for pricing

      Vacant Lot in Downtown Charleston

      Vacant lot suitable for development in a prime downtown location.
      229 Fishburne St, Charleston, SC 29403
      View Details

    Similar Nearby for Lease

    • Contact for pricing
      1,920 SF

      King Street Retail Space Available

      New retail space with patio on King Street.
      677 King St, Charleston, SC 29403
      View Details
    • Contact for pricing
      3,589 SF

      Charleston Mixed-Use Campus Retail Space

      Retail space in a design-forward mixed-use campus.
      141 Williams St, Charleston, SC 29403
      View Details
    • Contact for pricing
      4,206 SF

      Class A+ Office Space

      Office property in Charleston's urban waterfront district available for rent.
      22 Westedge St, Charleston, SC 29403
      View Details
    • Contact for pricing
      1,363 SF

      Downtown Retail Space For Lease

      New retail spaces available in downtown Charleston apartment community.
      1310 Meeting St, Charleston, SC 29403
      View Details
    • Contact for pricing

      Renovated Office Space on King

      Renovated office space in Charleston's 'Dine & Design' district.
      579 King Street Ext, Charleston, SC 29403
      View Details
    • $29 SF/Yr

      Downtown Charleston Office Space

      Office space for rent in Charleston's growing Upper Peninsula.
      11 Isabella St, Charleston, SC 29403
      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.
    78 Line St
    Charleston, SC 29403-5418
    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
    78 Line St, Charleston, SC, 29403
    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!