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

    Azalea Square Blvd Summerville, SC 29483

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

    Retail spaces available in Summerville's Azalea Square power center.

    We can help!

    Listing Contact
    Jeff Yurfest
    Jeff Yurfest
    Source: Tscg

    Listing Agent: Jeff Yurfest

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

    Learn more

    Overview

    Retail Space in Azalea Square

    Located off Highway 17 near Interstate 26, just outside of downtown Summerville, Azalea Square is a 348,477 square foot power center. It is situated in the largest city in Dorchester County, just north of Charleston. Retail spaces are currently available in sizes of 1,400 square feet and 5,403 square feet. Nearby retailers include Walmart, Lowe's, Belk, Starbucks, JOANN Fabric and Crafts, The Home Depot, Earth Fare, and Petco. The location benefits from significant traffic, with 56,400 AADT on Highway 17 and 90,400 AADT on Interstate 26.
    Location Intelligence

    Current Use by Public Records

    Strip malls

    Map

    City
    Summerville
    County
    Dorchester
    State
    South Carolina
    Longitude
    -80.1581477
    Latitude
    33.0378757

    Nearby Similar for Lease

    • $8 SF/Yr
      313,173 SF

      New Industrial Facilities in Summerville

      Rear-load industrial facilities offering 548,864 SF, delivering Q4 2025.
      179 Quality Dr, Summerville, SC 29483
      View Details
    • $22 SF/Yr
      3,400 SF

      Summerville Flex Space For Lease

      Flex space in growing Cane Bay/Nexton area.
      806-A Beckham Ln, Summerville, SC 29483
      View Details
    • $8 SF/Yr
      283,872 SF

      Spacious Industrial Facility with Ample Power

      283,072 SF industrial facility with high power capacity.
      175 Mcqueen Blvd, Summerville, SC 29483
      View Details
    • $45 SF/Yr
      2,800 SF

      Retail Space in Nexton

      Retail space for lease in master-planned Nexton community.
      Brighton Blvd, Summerville, SC 29461
      View Details
    • $20 SF/Yr
      17,587 SF

      Retail Suite in Summerville Center

      Prime retail space in high-traffic Summerville location.
      605 N Main St -, Summerville, SC 29483
      View Details
    • $35 SF/Yr
      3,400 SF

      Freestanding Building with Drive-Thru

      Freestanding 3,400 SF building on 0.66-acre lot with drive-thru.
      700 N Main St, Summerville, SC 29483
      View Details
    • $39 SF/Yr
      2,400 SF

      Retail Space in Publix Anchored Center

      Retail shop space available in Summerville, SC.
      1724 State Rd, Summerville, SC 29483
      View Details
    • Contact for pricing
      168,480 SF

      Class A Industrial Park

      Class A industrial park in Summerville, divisible to 40,000 SF.
      412 Prt City Ctr Dr, Summerville, SC
      View Details
    • Contact for pricing
      312,000 SF

      Class A Industrial Park

      Class A industrial park in Summerville, SC. Delivery Q3 2023.
      334 Prt City Ctr Dr, Summerville, SC
      View Details
    • $1,590,000
      6,578 SF

      Freestanding Office Building in Summerville

      Two-story, 6,578 SF office building for lease in Summerville.
      107 W 5Th North St, Summerville, SC 29483
      View Details
    • Contact for pricing
      82,307 SF

      Class A Industrial Space Available

      Rear-load warehouse in Summerville, divisible to 40,000 SF.
      337 Prt City Ctr Dr, Summerville, SC
      View Details
    • Contact for pricing
      646,230 SF

      Port City Centre: Industrial Flex Space

      Modern Industrial Space, Multiple Suites Available
      Jedburg SC Port City Center Dr, Summerville, SC 29483
      View Details

    FAQs

    What type of property is this?
    Strip mall - Retail spaces available in Summerville's Azalea Square power center.
    Where is this strip mall located?
    The property is located at Azalea Square Blvd Summerville, SC.
    What are key features of this property?
    This property features: - High traffic location: 56,400 AADT on Hwy 17 and 90,400 AADT on I-26.; - Located off I-26 near Charleston.; - Power Center: Azalea Square is a 348,477 SF retail center.
    (843) 723-3054
    Request Owner's contact information
    Azalea Square Blvd Summerville, SC 29483
    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.
    Azalea Square Blvd
    Summerville, SC 29483
    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
    Azalea Square Blvd Summerville, SC 29483
    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
    Jeff Yurfest
    Jeff Yurfest
    (843) 723-3054
    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.