Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    1809 Grayson Street North Charleston, SC 29405

    View on Map
    Claim this Listing
    New
    For Sale
    $249,000

    LAND - North Charleston, SC

    Lot size:
    0.19 Acres
    Added:
    Apr 18, 2026
    Days on Market:
    3
    Last Refresh:
    Apr 20 at 9:06 am

    Property Features for 1809 Grayson Street

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Lot size
    0.19 Acres

    Building Details

    Additional Structures
    Residence

    We can help!

    Listing Contact
    Lizbeth Townsend

    Listing agent Lizbeth Townsend

    Listing office NorthGroup Real Estate LLC Holden Beach, SC

    Listing date Apr 18, 2026

    MLS# 26011181 Listing URL

    Copyright © 2026 CHS Regional MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    North Charleston Multifamily Development Opportunity

    This 0.19-acre corner lot in North Charleston presents a rare opportunity for investors, builders, and developers. Recently rezoned R2 multifamily, the site at 1809 Grayson St is approved for up to 6 units with common parking. An illustrative site plan is available. Currently, the property includes a 2-bedroom, 1-bath home, but the primary value is in its redevelopment potential. The corner position provides design flexibility and access advantages. Located in a rapidly developing community, the property is in close proximity to downtown Charleston, Park Circle, and key amenities. This location is ideal for capitalizing on the area's continued growth and high demand for housing.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Residential land & home ...

    Suggested Use

    Restaurant Building Supply Dental Office Big Box & Wholesale Store Auto Repair Shop Pharmacy Hotel & Motel Gym & Fitness Center Electrical Service Cafe & Coffee Shop

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    North Charleston
    County
    Dorchester
    State
    South Carolina
    Longitude
    -79.9839
    Latitude
    32.8537

    Nearby Similar for Sale

    • $664,900
      3,060 SF

      North Charleston Quadruplex Investment Opportunity

      Four-unit residential building in a revitalizing North Charleston location.
      7424 Rock Street unit: 1-4, North Charleston, SC 29420
      View Details
    • $900,000

      Multifamily Development Opportunity Near Park Circle

      0.8-acre corner lot zoned R-2 for multifamily development.
      1628 Sumner Avenue, North Charleston, SC 29406
      View Details
    • $1,650,000
      6,432 SF

      Renovated Multifamily Community For Sale

      Turnkey 12-unit multifamily property in North Charleston, South Carolina.
      2220 Van Buren Avenue, North Charleston, SC 29406
      View Details
    • $750,000

      North Charleston Land with Structures

      0.36-acre lot with structures near Park Circle.
      1901 Helm Avenue, North Charleston, SC 29405
      View Details
    • $3,700,000
      15,648 SF

      Renovated Multifamily Community in Charleston

      Turnkey, stabilized multifamily asset with strong rental history.
      1815 Sumner Avenue, North Charleston, SC 29406
      View Details
    • $900,000

      Multifamily Development Opportunity Near Park Circle

      0.8-acre corner lot zoned for multifamily development.
      1634 Sumner Avenue, North Charleston, SC 29406
      View Details
    • $335,000
      1,516 SF

      North Charleston Multifamily Investment Opportunity

      Two units on a large lot near downtown Charleston.
      2781 Ranger Drive unit: A & B, North Charleston, SC 29405
      View Details
    • $1,050,000
      1,500 SF

      Remodeled Quadraplex Near Park Circle

      Newly renovated quadraplex near restaurants, downtown, and the beach.
      4731 Colie Morse Lane, North Charleston, SC 29405
      View Details
    • $350,000
      1,401 SF

      Versatile Mixed-Use Property

      Unique property with main house, mobile home, and massive garage.
      8899 Salamander Road, North Charleston, SC 29406
      View Details
    • $210,000

      Land in North Charleston, SC

      Prime commercial land near Park Circle and major interstates.
      1865 E Montague Avenue, North Charleston, SC 29405
      View Details
    • $16
      6,700 SF

      Visible Office Building Near I-526

      6,700 SF office building with excellent signage and parking.
      3691 Paramount Dr, North Charleston, SC 29405
      View Details
    • $2,300,000
      12,895 SF

      Former Daycare Near Navy Yard

      12,895 SF former daycare near new Navy Yard project.
      1910 McMillan Avenue, North Charleston, SC 29405
      View Details

    FAQs

    What type of property is this?
    Residential land & home lot - 0.19-acre corner lot approved for up to 6 units.
    Where is this residential land & home lot located?
    The property is located at 1809 Grayson Street North Charleston, SC.
    What is the asking price?
    The asking price for this property is $249,000.
    What are key features of this property?
    This property features: Rezoned R2 Multifamily Site Approved for Up to 6 Units; 0.19‑Acre Corner Lot; Located in a Rapidly Developing Community
    (910) 338-0558
    We can help!
    Listing Contact
    Lizbeth Townsend
    Learn More
    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.
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!