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    General Commercial Outparcel Land Title is generated by Realmo AI

    10524 Dorchester Road, Summerville, SC 29485

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    Claim this Listing
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    For Sale
    $1,000,000

    Commercial outparcel with direct Dorchester Road access and high visibility, positioned for retail, quick service, or financial use.

    Type:Land
    Lot size:
    1.39 Acres
    Added:
    Jun 2, 2026
    Days on Market:
    2
    Last Refresh:
    Jun 3 at 2:52 am

    Property Features for 10524 Dorchester Road

    General Information

    Standard status
    Active
    Lot size
    1.39 Acres
    Property subtype
    Land

    We can help!

    Listing Contact
    Will Sherrod, CCIM
    Will Sherrod, CCIM

    Listing agent Will Sherrod, CCIM License #79410

    Listing office NAI | Charleston

    Listing date Jun 2, 2026

    Source Naicharleston

    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 NAI | Charleston

    HighLights

    • ±1.39‑acre commercial outparcel with potential to subdivide
    • Direct access to Dorchester Road on Dorchester Road between Oakbrook retail area and Dorchester Road & Hwy 165
    • Traffic count of 33,900 cars per day (SCDOT 2021)
    • Master stormwater detention serving the property; water and sewer access plus Dominion Energy electricity
    • Zoned General Commercial with Dorchester County Transitional Overlay District (TOD)
    • Tractor Supply Company outparcel; TMS #: 153‑00‑00‑039

    Overview

    ±1.39 acres of commercial outparcel land presented for sale, offering potential for subdivision. The property includes master stormwater detention serving the site and is described as having water and sewer access, along with Dominion Energy for electrical service. The site is zoned General Commercial with a Dorchester County Transitional Overlay District (TOD), providing a flexible framework for a variety of commercial concepts.

    The tract is located on Dorchester Road between the Oakbrook retail area and the intersection of Dorchester Road and Hwy 165. The property has direct access to Dorchester Road and is identified with 33,900 cars passing per day (SCDOT 2021), supporting strong day-to-day exposure for roadside businesses. This placement positions the site for brands that benefit from visibility and convenient access.

    Given the outparcel configuration and stated access to utilities, the property is well suited for users seeking a fast, accessible commercial location. The offering notes it as an ideal spot for quick service restaurant, financial branch, or general retail use, making it a practical option for investors and operators looking to develop a purpose-built site within a General Commercial zoning environment and TOD overlay.
    Location Intelligence

    Current Use by Public Records

    Garden Center at Tractor ... Garden Center Tractor Supply Co. Building Supply

    Suggested Use

    Real Estate Agency Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Auto Repair Shop Pharmacy Big Box & Wholesale Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Summerville
    County
    Dorchester
    State
    South Carolina
    Longitude
    -80.192857
    Latitude
    32.965652

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    FAQs

    What type of property is this?
    Commercial land - Commercial outparcel with direct Dorchester Road access and high visibility, positioned for retail, quick service, or financial use.
    Where is this commercial land located?
    The property is located at 10524 Dorchester Road Summerville, SC.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: ±1.39‑acre commercial outparcel with potential to subdivide; Direct access to Dorchester Road on Dorchester Road between Oakbrook retail area and Dorchester Road & Hwy 165; Traffic count of 33,900 cars per day (SCDOT 2021)
    (843) 518-5387
    We can help!
    Listing Contact
    Will Sherrod, CCIM
    Will Sherrod, CCIM
    Real Estate License ID: 79410
    Learn More
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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.

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