Add Listing
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    9623 Red Stone Dr Indian Land, SC

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

    Mixed-use project with retail, restaurant, office, and residential units.

    Type:RETAIL
    Property size:
    1,602 SF
    Lot size:
    1.70 Acres
    Added:
    Mar 4, 2025
    Days on Market:
    421
    Last Refresh:
    Apr 5 at 8:29 pm

    Property Features for 9623 Red Stone Dr

    General Information

    Standard status
    Active
    Size
    1,602 SF
    Lot size
    1.70 Acres
    Property subtype
    RETAIL

    Spaces For Lease

    at 9623 Red Stone Dr Contact us

    We can help!

    Listing Contact
    Robbie Branstrom Adams

    Listing agent Robbie Branstrom Adams

    Listing office MPV Properties

    Listing date Mar 4, 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 MPV Properties

    Overview

    Premier Mixed-Use Project Space

    RedStone is a mixed-use project that blends entertainment, retail, restaurants, office space, and 266 residential units. It is located in northern Lancaster County. The property has two signalized points of entry from Highway 521 and is situated near the Red Ventures campus. The available space is 1602 square feet and is located at 9623 Red Stone Dr, Indian Land, SC. This location provides convenient access to metro Charlotte’s growing residential corridor and Indian Land’s corporate sector.
    Location Intelligence

    Current Use by Public Records

    Isalis (Bike/Boat/Book/etc) Store Party City Party Supply Store Skunk Funk Big Box & Wholesale Store Carl's Trading Co Hat Shop Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store

    Suggested Use

    Real Estate Agency Restaurant Law Firm Building Supply Dental Office Spa & Massage Center Big Box & Wholesale Store Auto Repair Shop Hair Salon Hotel & Motel

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

    Similar Places Nearby

    • Shoppes at 521 — 9789 Charlotte Hwy, Indian Land, SC 29707

    Location Insight

    • Map
    • Local Demand
    City
    Indian Land
    County
    Lancaster
    State
    South Carolina
    Longitude
    -80.85
    Latitude
    34.9531

    Nearby Similar for Lease

    • $4,500/Mo

      Equestrian Estate with Business Potential

      Horse property for rent with established business and boarding options.
      8737 Whippoorwill Lane, Indian Land, SC 29707
      View Details
    • Contact for pricing

      Restaurant Space with Drive-Thru

      Second-generation restaurant space with drive-thru near high-performing Publix.
      8394 Charlotte Hwy, Indian Land, SC 29707
      View Details
    • Contact for pricing

      Retail Space in Growing Corridor

      Retail space available 1/1/2026 in a high-growth area.
      Indian Land , SC 29707
      View Details
    • Contact for pricing

      Retail Space in Growing Corridor

      Retail space available 1/1/2026 in a high-growth area.
      Indian Land , SC 29707
      View Details
    • Contact for pricing

      Retail Space in Growing Corridor

      Retail space available 1/1/2026 in a high-growth area.
      Indian Land , SC 29707
      View Details
    • Contact for pricing

      Retail Space Near Kiddie Academy

      Retail space available for lease near US-521.
      1990 Zelkova Dr, Indian Land, SC
      View Details
    • Contact for pricing

      Land Available For Lease

      Land available for lease in Indian Land, South Carolina.
      Indian Land, SC 29707
      View Details
    • Contact for pricing

      Mixed-Use Retail Space Available

      Premier mixed-use project with retail, residential, and entertainment.
      Charlotte Hwy & Redstone Dr, Indian Land, SC
      View Details
    • Contact for pricing

      Premier Mixed-Use Project Space

      Mixed-use property with retail, restaurant, office, and residential spaces.
      9695 Red Stone Dr, Indian Land, SC
      View Details
    • Contact for pricing

      Class A Office Sublease Opportunity

      Sublease opportunity in desirable corporate office location in Indian Land.
      8106 Calvin Hall Rd, Indian Land, SC 29707
      View Details
    • Contact for pricing

      Class A Office Space Available

      120,000 SF Class A office space for rent.
      1000 Corporate Center Way, Indian land, SC
      View Details
    • Contact for pricing

      Retail Space Available

      Retail opportunities available at Hwy 521 & Dobys Bridge Road.
      Highway 521 & Dobys Bridge Road, Indian Land, SC 29707
      View Details

    FAQs

    What type of property is this?
    Shopping center - Mixed-use project with retail, restaurant, office, and residential units.
    Where is this shopping center located?
    The property is located at 9623 Red Stone Dr Indian Land, SC.
    What are key features of this property?
    This property features: Premier mixed‑use project with entertainment, retail, restaurants, office, and residential units.; Located in northern Lancaster County.; High‑density, pedestrian‑friendly development.
    (704) 578-3111 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Robbie Branstrom Adams
    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

    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!