Goose Creek Strip
102 Berkeley Square Ln Goose Creek, SC 29445
102 Berkeley Square Ln, Goose Creek, SC, 29445
$930,000
For Sale
$930,000
Fully leased strip center in booming Goose Creek retail area.
Property Size5,250 SF
Price / SF$177.14
Days on Market242
Property Features for 102 Berkeley Square Ln
General Information
- Standard status
- Active
- Size
- 5,250 SF
- Property subtype
- Retail
Listing agency
Harbor Commercial Partners
(630) 200-6774
Listed by
Chris Saltiel · License #SC #135588
(630) 200-6774
Source
Svn
Added: Nov 21, 2025 Updated: Jul 6 at 8:45AM Checked: Jul 21 at 5:42AM
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.
Local Financial Insights For Retail
Simulate Cap Rate and NOI
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.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $94.5k | $18.00 |
| − Vacancy | −$7.6k | −$1.44 |
| EGI | $86.9k | $16.56 |
| − OpEx | −$26.1k | −$4.97 |
| NOI | $60.9k | $11.59 |
5,250 SF · lease $18.00/SF/yr · vacancy 8.00% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Strip malls
Similar For Sale Nearby
FAQs
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.
