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    The Largest CRE Database in the US with Over 1 Million Listings
    Property profile & analytics

    89 Old Trolley Rd Summerville, SC 29485-4951

    • Medical offices
    • 14,251 SF
    • 1.59 lot acres
    OFF-MARKET
    Last Sale
    Jan 26, 2021
    $1,954,457
    Value Estimations
    $2,235,000
    Show details
    Cap Rate Potential
    Location Intelligence
    Property ID
    US77-0687930
    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

    • Precision Garage Door / Garage Door Supplier
    • Wise Insurance Agency / Insurance Agency / Auto Insurance Agency
    • Dr. David M. Christensen, DMD / Dentist
    • Silver Lining Tele-Behavioral Health / Mental Health Service
    • Kasey Petersen / Psychologist

    Property Details for 89 Old Trolley Rd

    Year built
    1997
    Construction
    FRAME
    Lot size
    1.59 lot acres
    Property size
    14,251 SF
    Zone code
    NB_SV
    Property type
    Medical offices
    Property subtype
    Medical centers
    APN
    145-06-03-018
    APU
    1450603018

    Description

    This exceptional office space at 89 Old Trolley Road in Summerville, South Carolina, offers two available suites, ranging from 128 to 192 square feet. Built in 1997, this property (APN 145-06-03-018) is ideally situated on Old Trolley Road, providing excellent visibility and convenient access. The suites are categorized as Executive and Medical Office spaces, suitable for various professional uses. Each suite boasts a functional layout and has recently undergone renovations, including fresh paint, new carpeting, and updated lighting. Furnished options are also available, making this an ideal solution for businesses seeking immediate occupancy. The property's location offers unparalleled convenience, with close proximity to a variety of amenities including Harris Teeter, Walgreens, Tuesday Morning, Applebee's, Dollar Tree, Palmetto Flats, and Wayback Burgers. This multi-tenant building presents a fantastic opportunity for businesses seeking a well-maintained, conveniently located office space in a thriving Summerville community. The property is zoned for professional office use. Contact us today to schedule a viewing.

    Value Estimations

    based on Realmo’s proprietary methodology

    • AI approach

      Method
      Estimation
      Statistic approach
      $1,935,000
      ML approach
      $1,950,000

    • Comparable approach

      Method
      Estimation
      Statistic Estimate
      $3,138,000
      Market price range: $3.14M - $4.68M
      AI Estimate
      $1,185,000
      Market price range: $761k - $2.46M

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

    Location Insight

    • Map
    • Local Demand
    City
    Summerville
    County
    Dorchester
    State
    South Carolina
    Longitude
    -80.1813
    Latitude
    32.9972
    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
    $49,034
    $41,022
    $76,200
    $117,222
    -
    $683,700
    $1,270,000
    $1,953,700

    Comparable in this City

    • Value Estimation
      $285,000
      6,031 SF

      Oakbrook Ln

      MEDICAL BUILDING • 6,031 SF
      Oakbrook Ln, Summerville, SC 29485
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    • Value Estimation
      $405,000
      9,526 SF

      105 Burton Ave

      MEDICAL BUILDING • 9,526 SF
      105 Burton Ave, Ladson, SC 29485-8118
      View Details
    • Value Estimation
      $2,360,000
      7,300 SF

      75 Springview Ln

      MEDICAL BUILDING • 7,300 SF
      75 Springview Ln, Summerville, SC 29485-8154
      View Details
    • Value Estimation
      $155,000
      3,878 SF

      300 Old Trolley Rd

      MEDICAL BUILDING • 3,878 SF
      300 Old Trolley Rd, Summerville, SC 29485-4927
      View Details
    • Value Estimation
      $305,000
      4,062 SF

      105 Harth Pla

      MEDICAL BUILDING • 4,062 SF
      105 Harth Pla, Summerville, SC 29485-8107
      View Details
    • Value Estimation
      $250,000
      2,938 SF

      221 Stallsville Rd

      MEDICAL BUILDING • 2,938 SF
      221 Stallsville Rd, Summerville, SC 29485-4934
      View Details

    Similar Nearby for Sale

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      2.90 acres of commercial land with frontage on Dorchester Rd.
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    Similar Nearby for Lease

    • $2,050,000
      2,423 SF

      Medical Office Space Available

      Professional office suites for lease in thriving medical complex.
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      View Details
    • $19 SF/Yr
      3,345 SF

      Summerville Executive Office Space

      Turnkey Office, 3,345 sq ft, Summerville SC
      1101 Old Trolley Rd, Summerville, SC 29485
      View Details
    • $23 SF/Yr
      1,184 SF

      Office/Medical Space For Lease

      Office/medical space available in a two-story building.
      1801 Old Trolley Rd, Summerville, SC 29485
      View Details
    • $0.19 SF/Yr
      1,530 SF

      Hwy 78 Office & Yard Lease

      Newly renovated office & 1.8-acre yard.
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    • $18 SF/Yr
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      Summerville Office Space Available

      700 SF office space for lease in Summerville, SC.
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    • $25 SF/Yr
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      Retail Space on Old Trolley

      Highly visible retail space for lease on Old Trolley Road.
      1706 Old Trolley Rd, Summerville, SC 29485
      View Details
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    Summerville, SC 29485-4951
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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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