Newly Constructed Retail
For Sale
Contact for pricing
201 Okatie Village Dr, Okatie, SC 29909
Four-tenant center with full occupancy and a nearby grocery anchor supports established retail operations.
Property Size10,009 SF
Price / SF$479.57
Days on Market162
Property Features for 201 Okatie Village Dr
General Information
Standard status
Active
Size
10,009 SF
Class
A
Property subtype
Retail
Zoning
PUD
Occupancy
100%
Investment Type
Stabilized
Net Operating Income
$312,537
Building Details
Year Built
2025
Buildings
1
Stories
1
Units
4
Tenancy
Multi
Listing Agency:
SVN - Savannah
(912) 667-2740
Listed By:
Adam Bryant · License #SC 88499
Source:
Crexi
Added: Mar 23
Changed: Aug 30
Last Checked: Mar 26 at 12:28AM
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 SVN - Savannah
Investment Insights
Based on property information with market context.
Okatie Village is a newly constructed shopping center completed in 2025 and configured as an in-line retail property. The center contains four tenant spaces and is fully occupied, with a grocery anchor located nearby within the broader retail setting.
The property is situated at 201 Okatie Village Drive in Okatie, South Carolina, within Okatie Center. Leases have a weighted average remaining term of 5.36 years, providing a defined occupancy profile for the asset.
The property is situated at 201 Okatie Village Drive in Okatie, South Carolina, within Okatie Center. Leases have a weighted average remaining term of 5.36 years, providing a defined occupancy profile for the asset.
Key Highlights
- Newly constructed shopping center completed in 2025
- Four‑tenant in‑line retail configuration
- 100% occupied
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$158,062
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
3.29%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,161,240
$3.2M
Cap Rate 7%
$2,258,029
$2.3M
Cap Rate 9%
$1,756,244
$1.8M
Market Conditions
NOI Build-Up for 10,009 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$240.2K $24.00/SF
− Vacancy
−$14.4K −$1.44/SF
EGI
$225.8K $22.56/SF
− OpEx
−$67.7K −$6.77/SF
NOI
$158.1K $15.79/SF
Area
Beaufort County, SC
Vacancy
6.00%
Lease Rate
$24.00 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$3,161,240
Cap Rate 7%
$2,258,029
Cap Rate 9%
$1,756,244
Alternative Uses
Best Use
Retail
$2.26M
$1.98M – $2.63M
NOI $158,062 @ 7.0% cap · market cap 3.29%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$3.02M
$2.64M – $3.52M
NOI $211,390 @ 7.0% cap · market cap 4.40%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
Multi-tenant
Tenancy
Location Intelligence
Trade Area within ½ mile
600
Businesses Nearby
106k
Monthly Visits Nearby
Balanced
Demand for This Use
Explore this area
Business Placement
Foot Traffic Nearby
Dining 44%
Shops & Services 24%
Groceries 20%
Hotels & Casinos 6%
Food Lion Grocery Store
Groceries
21,360 visits/mo
0.1 miles
Cracker Barrel Old Country Store
Dining
17,660 visits/mo
0.2 miles
Wendy's
Dining
14,748 visits/mo
0.2 miles
Starbucks
Dining
14,368 visits/mo
0.2 miles
Wells Fargo
Shops & Services
7,695 visits/mo
0.1 miles
Demographics for 29909, SC
23,621
Population
12,635
Households
1.9
Avg Household Size
68
Median Age
50%
College-Educated
98%
High-School Grad
55.7 sq mi
ZIP Area
424
Density / Sq Mi
$91,376
Median Household Income
$41,740
Median Earnings
$2,174
Median Rent
$416,700
Median Home Value
Market
Vacancy Rate% for Retail in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
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Frequently Asked Questions
What type of property is this?
Shopping center - Four-tenant center with full occupancy and a nearby grocery anchor supports established retail operations.
Where is this shopping center located?
The property is located at 201 Okatie Village Dr Okatie, SC.
What is the asking price?
The asking price for this property is $4,800,000.
What are key features of this property?
This property features: Newly constructed shopping center completed in 2025; Four‑tenant in‑line retail configuration; 100% occupied
