Sign Up Successful!
You now have access to more from Realmo!
    For Lease
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search
    The Largest CRE Database in the US with Over 1 Million Listings

    North Charleston, SC 29406

    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Former car wash on busy retail corridor near Trident Medical.

    We can help!

    Listing Contact
    Joe Purze
    Source: Atlanticretail

    Listing Agent: Joe Purze

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Learn more

    Overview

    Former Car Wash on University

    Located in North Charleston, South Carolina, this property is a former car wash situated on University Boulevard, a busy retail corridor. The site encompasses 0.83 acres and has two TMS numbers: 486-06-00-021 and 486-06-00-020. It is positioned less than a half mile from Trident Medical Center, which has 312 beds, and Charleston Southern University, with 3,874 students. The property benefits from high traffic volume, with 40,800 vehicles per day on University Boulevard. It features full access to University Boulevard via Dantzler Drive. The zoning is B1 (Limited Business District) in North Charleston, with R1 (Single-Family Residential District) zoning for the rear parcel. Nearby retailers include CVS, Starbucks, Cookout, Firehouse Subs, Zaxby’s, and Wendy’s.
    Location Intelligence

    Current Use by Public Records

    Car washes

    Map

    City
    North Charleston
    County
    Dorchester
    State
    South Carolina
    Longitude
    -80.0182
    Latitude
    32.9291

    Nearby Similar for Lease

    • Contact for pricing

      Secured Truck Parking with Office

      Secured truck parking with renovated office trailers for lease.
      7164 Bryhawke Cir, North Charleston, SC 29418
      View Details
    • $13 SF/Yr
      20,000 SF

      North Charleston Flex/Warehouse Space

      Flex and warehouse suites available for lease in North Charleston.
      2399 Air Park Rd, North Charleston, SC 29406
      View Details
    • $8 SF/Yr
      33,000 SF

      Warehouse with Expansive Laydown Yard

      33,000 SF warehouse with 7.5 AC laydown yard.
      5000 Lacross Rd, North Charleston, SC 29406
      View Details
    • $18 SF/Yr
      1,058 SF

      Retail-Warehouse Space on Meeting Street

      Versatile retail and warehouse space in a prime location.
      2039 Meeting Street Rd, North Charleston, SC
      View Details
    • Contact for pricing

      Retail Space at Tanger Outlets

      Retail spaces available at Tanger Outlets in North Charleston.
      4840 Tanger Outlet Blvd, North Charleston, SC 29418
      View Details
    • $18 SF/Yr
      1,810 SF

      Renovated Flex Space in Charleston

      Newly renovated flex space available Q4 2025 near I-26.
      1959 Jacksonville Rd, North Charleston, SC 29405
      View Details
    • Contact for pricing
      33,450 SF

      Warehouse/Office Space with Outdoor Storage

      33,450 SF warehouse/office with 4 AC outdoor storage.
      1069 Lincoln Ave, North Charleston, SC 29405
      View Details
    • $9 SF/Yr
      96,811 SF

      Renovated Industrial Suites in Charleston

      Recently renovated industrial suites available for lease near Charleston Airport.
      7391 Pepperdam Ave, North Charleston, SC 29418
      View Details
    • Contact for pricing
      3,600 SF

      Two-Story Building Near Starlight Motel

      Two-story, 3,600 SF building ideal for restaurant or retail.
      3225 Rivers Ave, North Charleston, SC 29405
      View Details
    • $26 SF/Yr
      52,480 SF

      Retail Space Near Tanger Outlets

      Retail space in a high-traffic area near major retailers.
      5070 International Blvd, North Charleston, SC 29418
      View Details
    • $3,750,000
      14,465 SF

      Industrial Facility Near I-26 Interchange

      14,465 SF industrial facility with convenient highway access.
      7283 Spa Rd, North Charleston, SC 29418
      View Details
    • $4,250,000
      22,000 SF

      Iconic Dixie Furniture Building Available

      Renovated showroom and warehouse space on high-traffic Rivers Avenue.
      5550 Rivers Ave, North Charleston, SC
      View Details

    FAQs

    What type of property is this?
    Car wash - Former car wash on busy retail corridor near Trident Medical.
    Where is this car wash located?
    The property is located at North Charleston, SC.
    What are key features of this property?
    This property features: - High traffic location with 40,800 VPD on University Blvd.; - Prime location, less than a half mile from Trident Medical Center and Charleston Southern University.; - Located on a busy retail corridor near CVS, Starbucks, Cookout, and other retailers.
    (843) 735-2559
    Request Owner's contact information
    North Charleston, SC 29406
    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.
    North Charleston, SC 29406
    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
    North Charleston, SC 29406
    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

    We can help!
    Listing Contact
    Joe Purze
    (843) 735-2559
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.