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    Redevelopment Opportunity in Mount Pleasant Title is generated by Realmo AI

    1514 North Highway 17, Mount Pleasant, SC 29464

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    Claim this Listing
    For Sale
    $1,295,000

    Redevelopment site with high traffic and nearby amenities.

    Type:Retail
    Property size:
    2,924 SF
    Price / SF:
    $442/SF
    Added:
    Apr 15, 2026
    Days on Market:
    47
    Last Refresh:
    Apr 2 at 8:09 pm

    Property Features for 1514 North Highway 17

    General Information

    Standard status
    Active
    Size
    2,924 SF
    Property subtype
    Retail

    We can help!

    Listing Contact
    Charles Carmody

    Listing agent Charles Carmody License #SC 115122

    Listing office CBRE | Charleston

    Listing date Apr 15, 2026

    Source Cbre

    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 CBRE | Charleston

    HighLights

    • High Traffic Location: 81,200 Vehicles Per Day (VPD) on I‑526 and Hwy 17.
    • Redevelopment Opportunity: Ideal site for redevelopment in Charleston County.
    • Commercial Zoning: Zoned Commercial in Charleston County, offering diverse business possibilities.
    • Walking distance to Wando Crossing Center including Walmart, TJ Maxx, Marshalls, and Total Wine & More.
    • Immediate proximity to Chipotle, Ye Ole Fashioned Ice Cream and Sandwich Shop, and Cambria Hotel.
    • ±2,084 SF on the first floor and ±840 SF on the second floor.

    Overview

    The property, formerly a Henry’s Sporting Goods Store, features approximately 2,084 square feet on the first floor and approximately 840 square feet on the second floor, totaling 2,924 square feet. It is located in Charleston County outside the Town of Mt Pleasant and is zoned commercial within the Charleston County Mount Pleasant Overlay District. The site is suitable for redevelopment. It benefits from a high traffic volume of 81,200 vehicles per day at the intersection of I-526 and Highway 17. Immediate nearby amenities within walking distance include Chipotle, Ye Ole Fashioned Ice Cream and Sandwich Shop, the Cambria Hotel, and Wando Crossing Center, which features Walmart, TJ Maxx, Marshalls, and Total Wine & More.
    Location Intelligence

    Current Use by Public Records

    Henry's Sporting Goods (Bike/Boat/Book/etc) Store Southern Seasons Heating ... HVAC Service

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Mount Pleasant
    County
    Charleston
    State
    South Carolina
    Longitude
    -79.844878
    Latitude
    32.818598

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    FAQs

    What type of property is this?
    Retail space - Redevelopment site with high traffic and nearby amenities.
    Where is this retail space located?
    The property is located at 1514 North Highway 17 Mount Pleasant, SC.
    What is the asking price?
    The asking price for this property is $1,295,000.
    What are key features of this property?
    This property features: High Traffic Location: 81,200 Vehicles Per Day (VPD) on I‑526 and Hwy 17.; Redevelopment Opportunity: Ideal site for redevelopment in Charleston County.; Commercial Zoning: Zoned Commercial in Charleston County, offering diverse business possibilities.
    (843) 577-1155
    We can help!
    Listing Contact
    Charles Carmody
    Real Estate License ID: SC 115122
    Learn More
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    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
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    1514 North Highway 17, Mount Pleasant, SC, 29464
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