Office Unit with Three
New
For Sale
Contact for pricing
108 Central Ave, Goose Creek, SC 29445
Strip-center suite with a reception area, breakroom, restroom, and multiple private offices.
Property Size1,058 SF
Price / SF$222.59
Days on Market7
Property Features for 108 Central Ave
General Information
Standard status
Active
Size
1,058 SF
Property subtype
OFFICE
Occupancy
100%
Site & Location
Highway Access
Yes
Road Access
Yes
Building Details
Tenancy
Single
Owner Occupied
No
Abandoned
No
Listing Agency:
Harbor Commercial Partners
(843) 994-7198
Listed By:
Vitré V Stephens · License #29412
(843) 994-7198
Source:
Moodyscre
Added: Aug 5
Changed: Aug 9
Last Checked: Aug 11 at 5:21AM
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 1,058 SF office unit occupies space within a strip center and is currently used as a business lending office. The interior includes a reception area, 3 offices, a breakroom, and a restroom, providing a defined layout for professional office operations or destination retail use. The existing tenant has time remaining on its lease, with no renewal options stated.
The property is positioned off North Goose Creek Boulevard, also identified as Hwy 52, at Central Avenue and Etiwan Drive in Goose Creek. Other businesses in the center include Minuteman Press, La Bella Vue Salon, Driggers Law Firm, LH Griffith Insurance, Glory Spa Massage, Jeffrey Sabel Attorney, and Automation Personal Services.
The property is positioned off North Goose Creek Boulevard, also identified as Hwy 52, at Central Avenue and Etiwan Drive in Goose Creek. Other businesses in the center include Minuteman Press, La Bella Vue Salon, Driggers Law Firm, LH Griffith Insurance, Glory Spa Massage, Jeffrey Sabel Attorney, and Automation Personal Services.
Key Highlights
- 1,058 SF office unit in a strip center
- Interior layout includes reception area, 3 offices, breakroom, and restroom
- Currently occupied by a business lending office tenant
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
$14,164
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
6.01%
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%
$283,280
$283.3K
Cap Rate 7%
$202,343
$202.3K
Cap Rate 9%
$157,378
$157.4K
Market Conditions
NOI Build-Up for 1,058 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
$22.2K $21.00/SF
− Vacancy
−$3.3K −$3.15/SF
EGI
$18.9K $17.85/SF
− OpEx
−$4.7K −$4.46/SF
NOI
$14.2K $13.39/SF
Area
Berkeley County, SC
Vacancy
15.00%
Lease Rate
$21.00 /SF/Yr
Expense Ratio
25.00%
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%
$283,280
Cap Rate 7%
$202,343
Cap Rate 9%
$157,378
Alternative Uses
Best Use
Office B
$202.3K
$177.1K – $236.1K
NOI $14,164 @ 7.0% cap · market cap 6.01%
Second Best
Retail
$175.2K
$153.3K – $204.4K
NOI $12,264 @ 7.0% cap · market cap 5.21%
Theoretical Best
Office A
$286.3K
$250.5K – $334.0K
NOI $20,042 @ 7.0% cap · market cap 8.51%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Single-tenant
Tenancy
Yes
Highway access
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
940
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 Office in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office units - Strip-center suite with a reception area, breakroom, restroom, and multiple private offices.
Where is this office units located?
The property is located at 108 Central Ave Goose Creek, SC.
What is the asking price?
The asking price for this property is $235,500.
What are key features of this property?
This property features: 1,058 SF office unit in a strip center; Interior layout includes reception area, 3 offices, breakroom, and restroom; Currently occupied by a business lending office tenant
