Add Listing
    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

    1706 Old Trolley Rd Summerville, SC 29485

    View on Map
    Loading data...
    Loading data...
    Loading data...
    For Lease
    Contact for pricing

    Highly visible retail space for lease on Old Trolley Road.

    Property size:
    1,400 SF
    Lot size:
    0.96 Acres

    Property Features for 1706 Old Trolley Rd

    General Information

    Size
    1,400 SF
    Lot size
    0.96 Acres

    We can help!

    Listing Contact
    Will Sherrod, Ccim
    Will Sherrod, Ccim
    Source: Moodyscre

    Listing Agency: NAI | Charleston Listing Agent: Will Sherrod, Ccim

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

    Learn more

    Property Insight Report

    Overview

    Retail Space on Old Trolley

    This retail space is located in a highly visible strip center on Old Trolley Road, which sees 26,100 vehicles per day based on a 2022 SCDOT count. The property is near the Oakbrook retail area and in close proximity to other retailers. The property size is 1,400 square feet. The lease rate is $25 per square foot, NNN, with NNN expenses at $9.38 per square foot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sherwin-Williams Paint Store Hardware & Home Improvement Austin Moak - State ... Insurance Agency 1st Heritage Credit Loan Service Dr. T. Craig ... Alternative Medicine Practice T. Craig T ... Alternative Medicine Practice

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Summerville
    County
    Dorchester
    State
    South Carolina
    Longitude
    -80.1655952
    Latitude
    32.9585809

    Nearby Similar for Lease

    • Sponsored
      New
      Contact for pricing

      SC, Summerville - 700 Nexton Square Drive

      Workspaces, services and support to help you grow your business in DC, Washington - 609 H Street
      700 Nexton Square Dr, Summerville, SC 29483
      View Details
    • Contact for pricing

      Retail Space in Publix Anchored Center

      Retail spaces available in a Publix anchored shopping center.
      2700 N Main St, Summerville, SC 29486
      View Details
    • $35 SF/Yr

      Freestanding Building with Drive-Thru

      Freestanding building with drive-thru, convenient access, and high visibility.
      700 N Main St, Summerville, SC 29483
      View Details
    • Contact for pricing
      89,910 SF

      Retail Space in Publix Anchored Center

      Retail spaces available in a Publix anchored center for lease.
      2700 N Main St, Summerville, SC 29486
      View Details
    • $12 SF/Yr
      16,000 SF

      Modern Industrial Space Available

      Industrial and office space available for lease in Summerville, SC.
      104 Pinnacle Way, Summerville, SC 29483
      View Details
    • Contact for pricing

      Retail Space in Azalea Square

      Retail space available within a large power center.
      480 Azalea Square Blvd, Summerville, SC 29483
      View Details
    • $28 SF/Yr

      Retail Space in Trolley Square

      Retail spaces for lease in busy Summerville shopping center.
      1525 Old Trolley Rd, Summerville, SC 29485
      View Details
    • Contact for pricing

      Nexton Square Retail Opportunity

      Retail spaces available in Nexton Square, Summerville.
      801 Nexton Square Dr, Summerville, SC 29486
      View Details
    • Contact for pricing

      Retail Space in Azalea Square

      Retail spaces available in Summerville's Azalea Square power center.
      Azalea Square Blvd, Summerville, SC 29483
      View Details
    • Contact for pricing
      1,882 SF

      Retail Space in Nexton Square

      Retail space for lease in a vibrant Summerville hub.
      301-309 Front St, Summerville, SC 29485
      View Details
    • $6 SF/Yr
      503,111 SF

      Industrial Park Near Charleston Port

      Industrial park offering warehouse, distribution, and manufacturing spaces for lease.
      420 Strathmore Rd, Summerville, SC 29483
      View Details

    FAQs

    What type of property is this?
    Strip mall - Highly visible retail space for lease on Old Trolley Road.
    Where is this strip mall located?
    The property is located at 1706 Old Trolley Rd Summerville, SC.
    What is the lease rate?
    The lease rate is $25 SF/Yr.
    What are key features of this property?
    This property features: - High visibility location on busy Old Trolley Road.; - Boasts a traffic count of 26,100 VPD (2022 SCDOT).; - Located near the Oakbrook retail area.
    (843) 518-5387 Call to check price and availability
    Request Owner's contact information
    1706 Old Trolley Rd Summerville, SC 29485
    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.
    1706 Old Trolley Rd
    Summerville, SC 29485
    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
    1706 Old Trolley Rd Summerville, SC 29485
    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!
    Contact for Pricing
    Please call us for current price
    and status of this listing Will Sherrod, Ccim
    Will Sherrod, Ccim
    Real Estate License ID: 79410
    (843) 518-5387 (843) 364-3796 (843) 720-4944
    Learn more
    Google sign-in failed. Please try again or use another login method.
    Sign Up Successful!
    You now have access to more from Realmo!