Goose Creek Strip
For Sale
$930,000
102 Berkeley Square Ln, Goose Creek, SC 29445
Fully leased strip center in booming Goose Creek retail area.
Property Size5,250 SF
Price / SF$177.14
Days on Market274
Property Features for 102 Berkeley Square Ln
General Information
Standard status
Active
Size
5,250 SF
Property subtype
Retail
Building Details
Building Size
5,250 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 19
Last Checked: Aug 22 at 4:02AM
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 strip center in Goose Creek, SC, presents an investment opportunity. The property, with a size of 5250 square feet, has been fully leased for years. The property primarily operates 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 willing to package this property with another strip mall located at 1010 Old HWY 52. The location benefits from traffic counts exceeding 29,000 in a booming Goose Creek (Charleston MSA) retail trade area, with over 113,000 residents within a 5-mile radius and an average household income of $83,000.
Key Highlights
- Fully leased strip center providing immediate income.
- Opportunity to increase rental income by transitioning to NNN leases upon renewal.
- Below‑market rental rates offer immediate upside potential.
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
$60,858
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
6.54%
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%
$1,217,160
$1.2M
Cap Rate 7%
$869,400
$869.4K
Cap Rate 9%
$676,200
$676.2K
Market Conditions
NOI Build-Up for 5,250 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
$94.5K $18.00/SF
− Vacancy
−$7.6K −$1.44/SF
EGI
$86.9K $16.56/SF
− OpEx
−$26.1K −$4.97/SF
NOI
$60.9K $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%
$1,217,160
Cap Rate 7%
$869,400
Cap Rate 9%
$676,200
Alternative Uses
Best Use
Retail
$869.4K
$760.7K – $1.01M
NOI $60,858 @ 7.0% cap · market cap 6.54%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$1.42M
$1.24M – $1.66M
NOI $99,452 @ 7.0% cap · market cap 10.69%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
62
Businesses Nearby
Explore this area
Business Placement
Demographics for 29445, SC
60,558
Population
23,194
Households
2.6
Avg Household Size
34
Median Age
25%
College-Educated
90%
High-School Grad
57.4 sq mi
ZIP Area
1,055
Density / Sq Mi
$80,778
Median Household Income
$40,990
Median Earnings
$1,441
Median Rent
$256,000
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 booming Goose Creek retail area.
Where is this strip mall located?
The property is located at 102 Berkeley Square Ln Goose Creek, SC.
What is the asking price?
The asking price for this property is $930,000.
What are key features of this property?
This property features: Fully leased strip center providing immediate income.; Opportunity to increase rental income by transitioning to NNN leases upon renewal.; Below‑market rental rates offer immediate upside potential.
