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

    Carolina Bay Dr Charleston, SC

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

    Commercial land for sale in Charleston's Carolina Bay community.

    Type:LAND
    Lot size:
    3.03 Acres
    Added:
    Mar 14, 2025
    Days on Market:
    407
    Last Refresh:
    Apr 5 at 11:07 pm

    Property Features for Carolina Bay Dr

    General Information

    Standard status
    Active
    Lot size
    3.03 Acres
    Property subtype
    LAND

    We can help!

    Listing Contact
    Eddie B Hughes

    Listing agent Eddie B Hughes

    Listing office Beach Commercial, A Division of The Beach Company

    Listing date Mar 14, 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 Beach Commercial, A Division of The Beach Company

    Overview

    Charleston Commercial Land Opportunity

    Available for purchase are commercial land parcels situated within the master-planned community of Carolina Bay, located in the City of Charleston. The zoning is Commercial PUD. One parcel encompasses 1.3 acres, while the other spans 3 acres. The site benefits from favorable soil conditions, access to gravity sewer systems, and water connections. Master detention and stormwater ponds are in place, and the property is located within an X flood zone. The location is suitable for various commercial applications and is surrounded by considerable single-family residential and commercial developments. The Charleston County Tax Map IDs are #370-00-00-096 and #307-00-00-005.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Commercial land

    Map

    City
    Charleston
    County
    Berkeley
    State
    South Carolina
    Longitude
    -80.0811
    Latitude
    32.797

    Nearby Similar for Sale

    • $2,650,000
      4,923 SF

      Historic Charleston Mixed-Use Building

      Three-story mixed-use building in Charleston's historic commercial corridor.
      59 Broad Street, Charleston, SC 29401
      View Details
    • $650,000
      1,592 SF

      Charleston Duplex Investment Opportunity

      Income-producing duplex near Downtown Charleston and Folly Beach.
      767 Bermuda Street, Charleston, SC 29412
      View Details
    • $798,000
      1,800 SF

      Downtown Charleston Triplex Investment Opportunity

      Triplex in downtown Charleston with income potential and updated finishes.
      40 Nunan Street, Charleston, SC 29403
      View Details
    • $4,695,000
      7,159 SF

      Charleston Multifamily Investment Opportunity

      Nine-unit property blending historic charm with modern luxury.
      176-178 Broad Street, Charleston, SC 29401
      View Details
    • $339,000
      1,269 SF

      West Ashley Multifamily Opportunity

      Duplex in good condition with potential for expansion.
      1507 Evergreen Street, Charleston, SC 29407
      View Details
    • $899,900
      1,461 SF

      Renovated Duplex in Downtown Charleston

      Turnkey duplex near Meeting and East Bay Streets, Charleston.
      68 Lee Street, Charleston, SC 29403
      View Details
    • $1,875,000
      2,874 SF

      Income Property in Radcliffeborough Neighborhood

      Versatile income-producing property in downtown Charleston near King Street.
      208 Calhoun Street, Charleston, SC 29401
      View Details
    • $350,000

      Waterfront Land on James Island

      2.5 acres with potential for tidal creek and deep water.
      1938 Sol Legare Road, Charleston, SC 29412
      View Details
    • $1,700,000
      3,531 SF

      Charleston Four-Unit Multifamily Property

      Charming 4-unit property in downtown Charleston near MUSC and College of Charleston.
      123 Smith Street, Charleston, SC 29403
      View Details
    • $999,000

      Prime West Ashley Acreage Opportunity

      2.37 acres in West Ashley, ideal for development.
      736 Savage Road, Charleston, SC 29414
      View Details
    • $799,000
      2,017 SF

      Renovated Duplex Near Downtown Charleston

      Turn-key duplex investment opportunity near downtown Charleston.
      1038 Harbor View Road, Charleston, SC 29412
      View Details
    • $2,700,000
      4,300 SF

      Historic Downtown Charleston Triplex

      Three-unit home in the heart of Radcliffeborough.
      77 Pitt Street, Charleston, SC 29403
      View Details

    FAQs

    What type of property is this?
    Land - Commercial land for sale in Charleston's Carolina Bay community.
    Where is this land located?
    The property is located at Carolina Bay Dr Charleston, SC.
    What is the asking price?
    The asking price for this property is $695,000.
    What are key features of this property?
    This property features: Zoned Commercial PUD in the City of Charleston.; Located within the Carolina Bay master‑planned community.; Excellent soils, gravity sewer, and water are available at the site.
    (843) 991-0596 Call to check price and availability
    We can help!
    Contact for Pricing
    Please call us for current price
    and status of this listing
    Eddie B Hughes
    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!