Office Unit with Reception
For Sale
Contact for pricing
108 Central Avenue # 6, Goose Creek, SC 29445
Configured with reception, private offices, breakroom, and restroom for professional office or destination retail use.
Property Size1,058 SF
Price / SF$222.59
Days on Market108
Property Features for 108 Central Avenue # 6
General Information
Standard status
Active
Size
1,058 SF
Property subtype
Office, Retail
Additional Details
Office Units
1
Amenities
reception area
3 offices
breakroom
restroom
Building Details
Year Built
2005
Tenancy
Single
Listing Agency:
Harbor Commercial Partners
(843) 994-7198
Listed By:
Vitré Ravenel Stephens · License #SC 29412
Source:
Crexi
Added: May 16
Changed: Aug 31
Last Checked: Aug 31 at 2:02AM
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 1,058-square-foot office unit is located within a strip center and is currently occupied by a business lending office. The layout includes a reception area, three offices, a breakroom, and a restroom, providing an established configuration for professional office or destination retail use. The building was completed in 2005.
The property is at 108 Central Avenue in Goose Creek, South Carolina. 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 current lease has remaining term and does not include renewal options; additional lease details are available through the agent.
The property is at 108 Central Avenue in Goose Creek, South Carolina. 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 current lease has remaining term and does not include renewal options; additional lease details are available through the agent.
Key Highlights
- 1,058 SF office unit in a strip center
- Reception area, 3 offices, breakroom, and restroom
- Currently occupied by a business lending office
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
Property Profile
Current Use
Lease Details
1
Office units
Single-tenant
Tenancy
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 Office 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?
Office units - Configured with reception, private offices, breakroom, and restroom for professional office or destination retail use.
Where is this office units located?
The property is located at 108 Central Avenue # 6 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; Reception area, 3 offices, breakroom, and restroom; Currently occupied by a business lending office
