Add Listing
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    Occupied Retail Strip For Sale Title is generated by Realmo AI

    107 109 St. James Avenue, Goose Creek, SC

    View on Map
    Claim this Listing
    Loading data...
    Loading data...
    Loading data...
    For Sale
    Contact for pricing

    Multitenant retail strip with value-add opportunity in Goose Creek.

    Type:RETAIL
    Property size:
    14,600 SF
    Lot size:
    0.59 Acres
    Price / SF:
    $172/SF
    Added:
    Jul 29, 2025
    Days on Market:
    293
    Last Refresh:
    Apr 5 at 8:58 pm

    Property Features for 107 109 St. James Avenue

    General Information

    Standard status
    Active
    Size
    14,600 SF
    Lot size
    0.59 Acres
    Property subtype
    RETAIL

    We can help!

    Listing Contact
    Christopher Saltiel

    Listing agent Christopher Saltiel

    Listing office SVN Palmetto

    Listing date Jul 29, 2025

    Source Moodyscre

    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 SVN Palmetto

    HighLights

    • 100% Occupied, providing immediate income.
    • Multitenant Retail Strip offers diverse tenant mix.
    • Value‑Add Opportunity to improve property and increase revenue.
    • Potential to Raise Rents to Market Value, boosting income.
    • Opportunity to Convert Leases to Triple Net, reducing landlord expenses.
    • Great Value for investors seeking strong returns.

    Overview

    This multitenant retail strip in Goose Creek, South Carolina, is 100% occupied. The property offers a value-add opportunity through raising rents to market value and converting leases to triple net. The property size is 14,600 square feet.

    Financial Insights

    Value Estimation Calculated for Retail

    Conservative
    $1.88M
    NOI $169,243 @ 9.00% cap · cautious / downside scenario
    Moderate
    $2.42M
    NOI $169,243 @ 7.00% cap · market / base-case scenario
    Aggressive
    $3.38M
    NOI $169,243 @ 5.00% cap · optimistic / upside scenario

    NOI & Cap Rate Calculator

    NOI Build-Up
    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.
         Calculated for Retail

    Component $ $/SF
    Gross rent $262.8k $18.00
    − Vacancy −$21.0k −$1.44
    EGI $241.8k $16.56
    − OpEx −$72.5k −$4.97
    NOI $169.2k $11.59
    14,600 SF · lease $18.00/SF/yr · vacancy 8.00% · expense 30.00%

    Alternative Use Scenarios

    Best Use
    Retail
    $2.42M
    $2.12M – $2.82M (±1% cap)
    NOI $169,243 @ 7.0% cap · market cap 6.73%
    Second Best
    —
    —
    no second resolved use
    Theoretical Best
    Office A
    $3.95M
    $3.46M – $4.61M (±1% cap)
    NOI $276,571 @ 7.0% cap · market cap 11.00%
    Zoning and permitted uses should be independently verified with local authorities.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Map

    City
    Goose Creek
    County
    Berkeley
    State
    South Carolina
    Longitude
    -80.0032
    Latitude
    32.9306

    Nearby Similar for Sale

    • $930,000
      5,250 SF

      Goose Creek Strip Center

      Fully leased strip center in booming Goose Creek retail area.
      102 Berkeley Square Ln, Goose Creek, SC 29445
      View Details
    • $2,515,000
      14,600 SF

      Occupied Retail Strip in Goose Creek

      Multitenant retail strip with value-add potential in Goose Creek, SC.
      107-109 Saint James Ave, Goose Creek, SC 29445
      View Details
    • $209,999
      4,067 SF

      Office Condo Suite Opportunity

      Office condo suite with unfinished shell space available for sale.
      597 Old Mt Holly Road Ste 400, Goose Creek, SC 29445
      View Details
    • Contact for pricing
      224,640 SF

      Goose Creek Warehouse Opportunity

      224,640 sqft warehouse/industrial property in Goose Creek, SC.
      4 Alliance Dr, Goose Creek, SC 29445
      View Details
    • $1,300,000
      5,000 SF

      Goose Creek Flex Space Facility

      5,000 SF flex space on 1.02 acres for sale.
      105 Auto Supply Dr, Goose Creek, SC
      View Details
    • $1,178,375
      9,427 SF

      Goose Creek Office Suites Available

      Office suites for sale or lease in Goose Creek.
      597 Old Mt Holly Rd Suite 301-302, Goose Creek, SC 29445
      View Details
    • $1,924,910
      11,323 SF

      Corner Office Building with Parking

      Office building with abundant parking and diverse tenant mix.
      597 Old Mt Holly Rd, Goose Creek, SC 29445
      View Details

    FAQs

    What type of property is this?
    Strip mall - Multitenant retail strip with value-add opportunity in Goose Creek.
    Where is this strip mall located?
    The property is located at 107 109 St. James Avenue Goose Creek, SC.
    What is the asking price?
    The asking price for this property is $2,515,000.
    What are key features of this property?
    This property features: 100% Occupied, providing immediate income.; Multitenant Retail Strip offers diverse tenant mix.; Value‑Add Opportunity to improve property and increase revenue.
    (864) 263-7045 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Christopher Saltiel
    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

    Thank You for Inquiry
    107 109 St. James Avenue, Goose Creek, SC
    letter with green check mark
    Check your email
    We sent you the
    agent's contact details. yellow underline
    Can't find it?
    Please check your junk/spam folder.
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!