Moncks Corner Strip Center
For Sale
$1,300,000
1010 Old Highway 52, Moncks Corner, SC 29461
Fully leased strip center in high-traffic Moncks Corner location.
Property Size8,000 SF
Price / SF$162.50
Days on Market274
Property Features for 1010 Old Highway 52
General Information
Standard status
Active
Size
8,000 SF
Property subtype
Retail
Building Details
Building Size
8,000 SF
Listing Agency:
Harbor Commercial Partners
(630) 200-6774
Listed By:
Chris Saltiel · License #SC #135588
(630) 200-6774
Source:
Svn
Added: Nov 21, 2025
Changed: Aug 22
Last Checked: Aug 22 at 4:27AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Harbor Commercial Partners
Investment Insights
Based on property information with market context.
This fully leased strip center in Moncks Corner, SC, presents an investment opportunity. The property is located at the intersection of Highway 52 and Rembert C. Dennis, a high-traffic area with convenient access to the Moncks Corner market. The property is 8000 square feet. The property is currently operating primarily under a gross lease agreement. As lease renewals approach in 2024, there is an opportunity to transition to NNN leases and increase rental rates as current rates are slightly below market. The owner is also willing to package another strip mall located at 102 Berkeley Square Ln. Both assets are currently 100% leased.
Key Highlights
- Excellent investment opportunity with a history of being fully leased.
- Located in a high‑traffic area at the intersection of Hwy 52 and Rembert C. Dennis.
- Opportunity to transition to NNN leases in 2024 for increased rental income.
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$92,736
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
7.13%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,854,720
$1.9M
Cap Rate 7%
$1,324,800
$1.3M
Cap Rate 9%
$1,030,400
$1.0M
Market Conditions
NOI Build-Up for 8,000 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$144.0K $18.00/SF
− Vacancy
−$11.5K −$1.44/SF
EGI
$132.5K $16.56/SF
− OpEx
−$39.7K −$4.97/SF
NOI
$92.7K $11.59/SF
Area
Berkeley County, SC
Vacancy
8.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$1,854,720
Cap Rate 7%
$1,324,800
Cap Rate 9%
$1,030,400
Alternative Uses
Best Use
Retail
$1.32M
$1.16M – $1.55M
NOI $92,736 @ 7.0% cap · market cap 7.13%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$2.16M
$1.89M – $2.53M
NOI $151,546 @ 7.0% cap · market cap 11.66%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
504
Businesses Nearby
Explore this area
Business Placement
Demographics for 29461, SC
42,402
Population
16,444
Households
2.6
Avg Household Size
36
Median Age
25%
College-Educated
91%
High-School Grad
164.2 sq mi
ZIP Area
258
Density / Sq Mi
$81,604
Median Household Income
$48,856
Median Earnings
$1,229
Median Rent
$273,100
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Strip mall - Fully leased strip center in high-traffic Moncks Corner location.
Where is this strip mall located?
The property is located at 1010 Old Highway 52 Moncks Corner, SC.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Excellent investment opportunity with a history of being fully leased.; Located in a high‑traffic area at the intersection of Hwy 52 and Rembert C. Dennis.; Opportunity to transition to NNN leases in 2024 for increased rental income.
